Manager, Process Risk Reduction

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The objective of theFinanceProcess 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.
Financeis looking for aManagerofProcess RiskReductionfocused 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. 
TheManager-FinanceProcess Risk Reductionwill:
Manage the implementation of a comprehensive process risk reductionstrategyfor 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 mitigationstrategies
Support identification and prioritization areas withinFinanceprocesses that require risk reduction measures (e.g.,assistin coordinating across First Line of Defense (1LoD) risk identification team)
Execute on process risk reduction,leveragingenterprise support as needed to ensuretimelyresolution of vertical and horizontal (i.e., withinFinanceor across processes that extend beyondFinance) issues that are of highest priority and/or most significant impact to theenterprise
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
SupportFinancewith design of controls and processes, including modifications to enhance processes/controls to improve proactive riskmitigations
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 & effectiveresolution
Monitor and track the implementation of process changes, ensuring they are effective in reducing risk and align with the riskappetite
Document learnings from improving controls to elevate the process risk reduction capabilities withinFinanceand across theenterprise
Support sharing insights, better practices, themes, etc. across the enterprise

Required Qualifications: 
3+ Years experience in operational risk management (e.g., within Risk and/or Internal Audit function) Understanding of critical operational risk management lifecycleactivities
Strong project management, communication, and interpersonal skills
Experience in process governance, with an understanding of processes that align with policies, regulatory frameworks, and/or operationalstandards
Proficient analytical and problem-solving skills, with an ability to analyze data,identifytrends, and evaluate risk scenarios effectively 

Preferred Qualifications: 
Bachelor's Degree in Finance, Business, Risk Mgmt., or related field; advanced degrees (e.g., MBA, MSc) or certifications are advantageous 
Experience in at least one of the following: Identifying and prioritizing areas that require risk reductionmeasures
Executing on process risk reduction to ensure timely resolution of issues that are of highest priority and/or most significantimpact
Conducting root cause analyses focused on identifying process vulnerabilities to prevent potential operational risks (ORs), with a focus on the most common or high-risk issues and/or Operational Risk Events (OREs), based on comprehensive methodology (e.g., comprehensive risk-based prioritization) to prevent recurrence, and inform control design/enhancement
Providing support for resolution of high-risk issues, and conducting independent testing of issues to ensure complete & effectiveresolution
Monitoring and tracking the implementation of process changes, ensuring they are effective in reducing risk and align with the riskappetite

Experience in financial services industry

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, we'll 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:
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 ourColleague 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.
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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