Vice President, Finance Models & Stress Test Platform

American Express; New York (NY); Hybrid; USD 185,000 - 260,000; Full time

Job summary

A leading financial services company seeks a Vice President for Finance Models & Stress Test Platform. This role involves developing advanced models for stress testing and forecasting, ensuring adherence to regulatory standards, and collaborating with various internal teams. The ideal candidate will have a strong background in analytics, leadership skills, and experience in credit risk management. The position offers competitive salary and comprehensive benefits, including flexible work arrangements.

Benefits

Competitive base salaries

Bonus incentives

6% Company Match on retirement savings plan

Free financial coaching

Comprehensive medical, dental, vision, life insurance

Flexible working model

20+ weeks paid parental leave

Free access to global wellness centers

Free counseling support

Career development opportunities

Qualifications

• Deep Experience in Advanced Analytics and Big Data Models.
• Significant hands-on experience managing projects using large amounts of data.
• Proficiency in SQL, SAS, Hive required.

Responsibilities

• Lead and own Spend and Paydown model development for CCAR.
• Ensure best in class and updated modeling techniques.
• Partner with VP Stress Test on developing comprehensive results analytics.

Skills

Leadership

Analytical

Communication

Agile Mindset

Organized Approach

Education

BS/MS in Mathematics

BS/MS in Computer Science

BS/MS in Finance

Tools

SQL

SAS

Hive

Python

R

Power BI

Job description

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.

About Credit & Fraud Risk Finance

Credit & Fraud Risk (CFR) Finance team delivers fact-based, decision-driven and high-impact credit-risk related insights and deep analytics, PNL stress tests to support regulatory views and governance processes and the forecasting of Net Loss Provision. The key objective is to drive prudent financial decisions and support credit-risk strategies while ensuring adherence to governance and controls. This position will be part of a highly talented team with strong intellectual curiosity.

About The Vice President, Finance Models & Stress Test Platform

This position will deliver best in class models for the use in stress testing balance sheet forecasting, balancing sound modeling techniques, proper governance and controls. In this capacity, the VP will interact closely and lead key discussions with various committees such as MRMG (Model Risk Management Group), IAG (Internal Audit Group), MRC (Model Risk Committee) and CMC (Capital Management Committee) and be the face to regulators explaining our approach and controls. This role will also be responsible for creating and maintaining a robust and efficient forecasting and aggregation platform (TM1) working closely with our delivery team, for the technical delivery of Pre-Provision Net Revenue (PPNR)/Provision output to key stakeholders. This role is a critical member of the CFR Finance & AXP Stress Testing organizations and will work with key stakeholders to deliver stress testing results in regulatory and management forecasting exercises.

Impact You’ll Make

• Lead and own Spend and Paydown model development that meet internal and regulatory standards for use in CCAR and other forecasting exercises
• Ensure best in class and updated modeling techniques
• Ensure stress testing models reflect underlying business dynamics and are linked to BAU business dynamics. We look to leverage the models to consider potential business impacts at times outside of CCAR timing.
• Lead and own end-to-end stress test/ CCAR PNL Platform and partner with internal teams on final data delivery and data governance
• Partner with VP Stress Test and other teams on developing comprehensive results analytics
• Deepen partnerships with various Risk and Finance teams including Treasury, Enterprise and Business Units FP&A, Credit Officers etc.

What You’ll Bring

• Deep Experience in Advanced Analytics and Big Data Models, Credit Risk experience preferred
• Significant hands-on experience managing/ leading projects using large amounts of data and application of advanced predictive analytics
• Proficiency in SQL, SAS, Hive required; Python, R preferred
• Power BI or other visualization tools experience is strongly preferred
• BS/MS in Mathematics, Computer Science and/or Finance

Skills to be successful in the role:

• Leadership – Act & lead with courage, build relationships (especially with senior leaders), make decisions quickly & influence change. Do you drive results?
• Strategic & Analytical – Ability to be a thought partner to help maximize the team’s goals; demonstration of analytical prowess exhibiting a positive change in results
• Excellent communication skills to deliver results and drive engagement with Senior Leaders and key stakeholders
• Agile Mindset – Positive, can-do attitude, adaptable to change, and highly motivated self-starter
• Organized Approach – Ability to manage multiple tasks and projects simultaneously, with great follow-up and attention to detail, and work well in a fast paced and dynamic environment

Salary Range: $185,000.00 to $260,000.00 annually + bonus + equity (if applicable) + 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 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, but not limited to, 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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Employment eligibility to work with American Express in the U.S is required as the company will not pursue visa sponsorship for these positions