What are the responsibilities and job description for the Manager, Process Risk Reduction position at AMEX?
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The objective of the Finance Process Risk Reduction team is to directly engage in the continual improvement of business processes to mitigate operational risks and steps in when noteworthy issues or events occur, and subsequently deploy resources to remediate at scale.
Finance is looking for a Manager of Process Risk Reductionfocused on ensuring control management is embedded in the day-to-day operations of our organization. It will involve extensive collaboration with multiple partners across numerous business units, functional areas, and geographies.
The Manager -FinanceProcess Risk Reductionwill :
- Manage the implementation of a comprehensive process risk reduction strategy for Finance
- Facilitate alignment of risk reduction initiatives with the organization's overall risk management framework and business objectives.
- Provide insights on process risk issues and mitigation strategies
- Support identification and prioritization areas within Finance processes that require risk reduction measures (e.g., assist in coordinating across First Line of Defense (1LoD) risk identification team)
- Execute on process risk reduction, leveraging enterprise support as needed to ensure timely resolution of vertical and horizontal (i.e., within Finance or across processes that extend beyond Finance) issues that are of highest priority and / or most significant impact to the enterprise
- Assist in conducting independent root cause analyses focused on identifying underlying process vulnerabilities to prevent potential Operational Risks (ORs), with a focus on the most common or high-risk issues and / or losses, based on comprehensive methodology (e.g., comprehensive risk-based prioritization) to prevent recurrence, and inform control design / enhancement
- Support Finance with design of controls and processes, including modifications to enhance processes / controls to improve proactive risk mitigations
- Document control design effectiveness and help address thematic control gaps across processes / products
- Provide independent support for resolution of high-risk issues, and conduct independent testing of issues to ensure complete & effective resolution
- Monitor and track the implementation of process changes, ensuring they are effective in reducing risk and align with the risk appetite
- Document learnings from improving controls to elevate the process risk reduction capabilities within Finance and across the enterprise
- Support sharing insights, better practices, themes, etc. across the enterprise
Required Qualifications :
Preferred Qualifications :
ORMCM
Salary Range : $80,000.00 to $155,000.00 annually bonus benefits
The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, well consider your location, experience, and other job-related factors.
We back our colleagues and their loved ones with benefits and programs that support their holistic well-being. That means we prioritize their physical, financial, and mental health through each stage of life. Benefits include :
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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.
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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Salary : $80,000 - $155,000
