Senior Analyst-Control Management

AMERICAN EXPRESS

2 - 6 years

7 - 11 Lacs

gurugram

Posted:2 weeks ago| Platform:

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Skills Required

risk management project management workday document control business analysis training auditing tracking internal audit employee engagement operations recruitment compliance operational risk management compensation reporting communication skills

Work Mode

Work from Office

Job Type

Full Time

Job Description

The [Sr. Analyst] , Credit & Fraud Risk Process Risk Reduction will:
Identify process risk issues and mitigation strategies by conducting analysis on control management data and critical business process data
Support identification and prioritization areas within BU 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 BU or across processes that extend beyond the BU) 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
Document control design effectiveness
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 the BU and across the enterprise
Foster a culture of risk awareness and ongoing improvement within the team and the broader organization.
Support sharing insights, better practices, themes, etc. across the enterprise
Required Qualifications:
2+ Years experience in operational risk management (e.g., within Risk and/or Internal Audit function) Understanding of critical operational risk management lifecycle activities
project management, communication, and interpersonal skills
Experience in process governance, with an understanding of processes that align with policies, regulatory frameworks, and/or operational standards
Sound analytical and problem-solving skills, with an ability to analyze data, identify trends, and evaluate risk scenarios effectively
Preferre

d Qualifications:
Bachelors 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:
Assisting of Identification and prioritizing areas that require risk reduction measures
Executing on process risk reduction to ensure timely resolution of issues that are of highest priority and/or most significant impact
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
Conducting independent testing of issues to ensure complete & effective resolution
Monitoring and tracking the implementation of process changes

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