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AMERICAN EXPRESS
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Vice President, Model Risk Management

Vice President, Model Risk Management

AMERICAN EXPRESS

7 - 13 years

9 - 15 Lacs

Gurugram

Posted:4 days ago| Platform:

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Skills Required

Career development Statistical modeling Senior management Finance Machine learning Wellness MRM Research Risk management Auditing

Work Mode

Work from Office

Job Type

Full Time

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, youll 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?

Model Risk Management Group (MRMG) is responsible for the model risk management of all American Express models. The role will report to Head of MRMG and lead some of India teams to manage enterprise-wide model risk. The successful candidate will be responsible to manage and control model risk in order to elevate model excellence, strengthen long term shareholder value, and adapt to the changing landscape of both model development innovation, external environment and heightened regulatory expectations.

Responsibilities include:

Oversee and own independent validation of enterprise-wide models including marketing models

Lead visionary research to explore opportunities to elevate model excellence and drive business impact
Oversee and support regulatory and audit examinations

Effectively communicate key outcomes of model risk management activities to senior management, business partners and regulators
Take timely actions to ensure a consistent high-level performance in line with the company s winning framework and priorities Motivate staff and leaders across teams to deliver at optimal levels.

Qualifications:

Core competencies at leading roles related to model risk management or statistical modeling to deal with complex business problems
Proven people leadership experience with the ability to lead, motivate and mentor highly competent and multi-layered teams, dispersed geographically Demonstrated ability and project leadership to lead large scale MRM initiatives Exceptional ability to build, leverage, and maintain relationships with senior leaders, business partners, and regulators Proven record of designing strategies and communicating effectively to bring senior management and diverse stakeholders on board. Experience with managing regulators, working with external/ internal auditors preferred. Understand the evolving compliance and regulatory requirements with key focus on gaps to stabilize and eliminate vulnerabilities in MRM Deep understanding in Machine Learning models (e.g., Gradient Boosting Machine, XGBoost, and Neural Network) as well as classic statistical modeling techniques and assumptions Degree with quantitative background or equivalent experience

Must Have:

10+ years of work experience
Must have worked in a GSIB in the field of model risk
Good in-depth understanding of machine learning techniques like GBM, Random Forest etc.
Should have modeling experience on marketing models.
Need to have the aptitude to read research papers and turn them into actionable items for MRM (bring external perspective)
Aptitude to think independently to come up with innovative solutions

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AMERICAN EXPRESS

Financial Services

New York NY

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Vice President, Model Risk Management