Manager Risk Manager Jobs in Summit, NJ (NOW HIRING)

Job Description
This position is within the Global Risk and Compliance unit at American Express, the Enterprise's 2nd line of defense.
We are seeking a skilled and detail-oriented professional to join our team as a model risk governance manager. Responsibilities for this role include overseeing and enhancing the organization's model risk governance framework, ensuring compliance with regulatory requirements (e.g., SR 11-7), and effectively managing the enterprise-wide model risk management program. The individual will collaborate with various stakeholders, including model owners, validation teams, internal audit, and senior management, to maintain a robust model risk management program. The ideal candidate will possess a strong understanding of various technologies, exceptional analytical skills, and the ability to ensure compliance with relevant policies and guidelines.
Responsibilities

• Governance Framework:

o Implement and maintain the organization's model risk management framework, policy, standards, and procedures.
o Stay informed about relevant industry regulations and standards.
o Maintain a comprehensive model inventory.
o Monitor adherence to model risk management policies and procedures, and implement corrective actions as needed.

• Regulatory Compliance:

o Stay abreast of evolving regulatory requirements and industry trends related to model risk management.
o Ensure compliance with relevant regulations, including SR 11-7 and other applicable guidelines.
o Manage regulatory and audit responses related to model risk management.

• Risk Reporting:

o Monitor and report on model risk exposures and trends.
o Ensure timely and accurate reporting of model risk issues to senior management and committee.

• Stakeholder Collaboration:

o Act as a liaison between model risk management, business units, internal audit, and regulatory bodies.
o Collaborate with model owners and validation teams to ensure adherence to model risk governance requirements.
o Provide guidance and support to stakeholders on model risk-related matters.
This position will provide the opportunity to interface directly with Senior Leaders within GRC as well as across the enterprise; the nature of the work is fast paced with high impact.
Qualifications
Skills:

• Analytically superior and a good problem solver
• Able to demonstrate strong knowledge of risk and financial management
• Good communication and interpersonal skills; able to clearly articulate or interpret technical documents, regulatory guidelines, and complex project requirements in a concise manner to various stakeholders
• Outstanding multi-tasking and project management skills
• Superb teamwork aptitude, to work with colleagues and stakeholder across various AXP offices globally
• Strong Microsoft Excel, PowerPoint skills;
• Extremely high attention to detail
• Self-starter and enthusiastic attitude

Educational Requirement:

• Bachelor's Degree in management or science (statistics, finance, decision science, economics, or closely related fields)
• Graduate degree such as M.S. and Ph.D. (in statistics, finance, decision science, economics, or closely related fields); or MBA is preferred
• 0-3 years if experience in related field

*Employment eligibility to work with American Express in the U.S. is required as the company will not pursue visa sponsorship for these positions.
About Us
At American Express, our culture is built on a 175-year history of innovation, shared values and Leadership Behaviors, and an unwavering commitment to back our customers, communities, and colleagues. From delivering differentiated products to providing world-class customer service, we operate with a strong risk mindset, ensuring we continue to uphold our brand promise of trust, security, and service.
As part of Team Amex, you'll experience our powerful backing with comprehensive support for your holistic well-being and many opportunities to learn new skills, develop as a leader, and grow your career. Here, your voice and ideas matter, your work makes an impact, and together, you will help us define the future of American Express.
About the Team
We back you with benefits that support your holistic well-being so you can be and deliver your best. This means caring for you and your loved ones' physical, financial, and mental health, as well as providing the flexibility you need to thrive personally and professionally:

• Competitive base salaries
• Bonus incentives
• 6% Company Match on retirement savings plan
• Free financial coaching and financial well-being support
• Comprehensive medical, dental, vision, life insurance, and disability benefits
• Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
• 20+ weeks paid parental leave for all parents, regardless of gender, offered for pregnancy, adoption or surrogacy
• Free access to global on-site wellness centers staffed with nurses and doctors (depending on location)
• Free and confidential counseling support through our Healthy Minds program
• Career development and training opportunities

For a full list of Team Amex benefits, visit our Colleague Benefits Site.
American Express is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability status, age, or any other status protected by law. American Express will consider for employment all qualified applicants, including those with arrest or conviction records, in accordance with the requirements of applicable state and local laws, including the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance for Employers, and the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance. For positions covered by federal and/or state banking regulations, American Express will comply with such regulations as it relates to the consideration of applicants with criminal convictions.
We back our colleagues with the support they need to thrive, professionally and personally. That's why we have Amex Flex, our enterprise working model that provides greater flexibility to colleagues while ensuring we preserve the important aspects of our unique in-person culture. Depending on role and business needs, colleagues will either work onsite, in a hybrid model (combination of in-office and virtual days) or fully virtually.
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The below represents the expected salary range for this job requisition. Ultimately, in determining your pay, we'll consider your location, experience, and other job-related factors.