Manager-Process Risk Reduction & Operational Risk Analytics

American Express; London; On-site; GBP 90,000 - 95,000; Full time

Job summary

A leading financial services company seeks a Manager for Process Risk Reduction and Operational Risk Analytics. This role involves identifying emerging risks, utilizing advanced analytics tools, and collaborating across business units to ensure effective operational risk management. The ideal candidate will have a strong background in operational risk and data analytics, along with excellent communication skills.

Benefits

Competitive base salaries

Bonus incentives

Comprehensive medical, dental, vision, life insurance

Flexible working model

Generous paid parental leave policies

Free access to global on-site wellness centers

Free and confidential counseling support

Career development and training opportunities

Qualifications

• Experience in operational risk management and understanding of regulatory requirements.
• Demonstrated experience leveraging data analytics tools to inform business decisions.

Responsibilities

• Identify emerging risks and monitor key risk indicators.
• Collaborate with business units to develop control measures.

Skills

Communication

Interpersonal Skills

Education

Experience in operational risk management

Understanding of the financial sector’s regulatory environment

Tools

Excel

SQL

Tableau

Job description

Join to apply for the Manager-Process Risk Reduction & Operational Risk Analytics role at American Express

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Join to apply for the Manager-Process Risk Reduction & Operational Risk Analytics role at American Express

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. As part of Team Amex, you'll experience this 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.

How will you make an impact in this role?

The Global Risk & Compliance Organization (GRC) is an independent risk management function, led by the Chief Risk Officer, with the objective of ensuring that American Express operates in a safe, sound, and fully compliant manner with all applicable regulatory expectations. GRC creates and maintains the overall risk management framework, performs independent risk management assessments, and monitors applicable risks.

Colleagues at GRC are passionate about our commitment to drive the Company’s goals of growth and progress by creating a culture of risk awareness and proactivity around regulatory matters.

The Operational Risk Management (ORM) team facilitates and monitors the implementation of effective operational risk management programs throughout the company, and oversees risk ownership throughout business units, products, and processes.

The objective of the Operational Risk Management (ORM) Process Risk Reduction and Operational Risk Analytics team is to address identified systemic operational risks, to ensure the integrity and efficiency of business processes, and maintain the alignment of risk reduction efforts through well-executed risk mitigation and remediations activities. The team does this through analyzing data and looking for themes across the company’s processes and operational risk stripes using advanced analytics tools, in addition to quantifying operational risks, developing key risk indicators (KRIs), key performance indicators (KPIs), and operational risk metrics to assess risk exposure.

Operational Risk Management (ORM) is looking for a Manager of Process Risk Reduction and Operational Risk Analytics to lead a diverse team of high-performing professionals focused on identifying emerging risks, performing analytics and reporting and ensuring effective operational risk 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, Process Risk Reduction and Operational Risk Analytics will:

• 
  Identify emerging risks by scanning the external and internal environment to identify new and evolving risks that could impact the enterprise’s operations
• Use advanced risk analytics models and tools to predict and quantify operational risks; monitor risk trends using analytics and data sources to track trends and assess potential impacts to the organization
• Monitor key risk indicators (KRIs), key performance indicators (KPIs) and operational risk metrics to assess risk exposure
• Contribute to forward looking insights and strategic recommendations based on analytics to prepare American Express for long-term risk scenarios
• Collaborate with other business units to develop and implement control measures to mitigate identified risks, ensuring a proactive rather than reactive approach
• Contribute to establishment of enterprise priorities for proactive risk reduction
• Regularly monitor the execution of controls within business processes and conduct reviews of the control inventory to ensure they are effective and aligned with risk appetite
• Stay connected with external experts and industry forums to keep up with best practices and peer developments and stay updated on emerging regulatory changes
  

Minimum Qualifications:

• 
  Experience in operational risk management (e.g., within Risk, Internal Audit, or Control Management function) and has a deep understanding of operational risk frameworks and regulatory requirements for larger financial institutions
• Experience in a large financial institution is preferred due to unique regulatory, operational and financial risks such institutions face
• Demonstrated experience leveraging data analytics tools (e.g., Excel, SQL, Tableau) to extract insights, identify trends, and inform business decisions
• Understanding of the financial sector’s regulatory environment and its implications for operational risk management
• Understanding of global risks including international markets, geopolitical risks and global macroeconomic trends
• Strong communication and interpersonal skills
  

ORMCM

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
• Support for financial-well-being and retirement
• Comprehensive medical, dental, vision, life insurance, and disability benefits (depending on location)
• Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
• Generous paid parental leave policies (depending on your location)
• 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
  

Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

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