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This is an opportunity to be part of the Credit and Fraud Risk Controllership (CFRC)IFRS9 team. The successful candidate will be responsible for monitoring the CFRC month / quarter close, analytics around Credit loss, delivery of quarterly decks including regulatory disclosures whenever / wherever applicable, support audit and resolution of audit quires, identifying and resolving the issues. Additionally, the incumbent is expected to conduct process reviews and take appropriate action to ensure control compliance with various policies, identify process improvement opportunities and implement wherever feasible. The incumbent will also be required to support system design and tech changes by conducting appropriate / timely UATs and coordinate with relevant team/s to close the observations.
Purpose of the role: As part of a world-class Controllership group, the CFRC organization is responsible for managing end to end credit and fraud process from reserve adequacy assessment through to the external and regulatory reporting.
Additionally, the CFRC processes underwent a significant change with the implementation of IFRS9 effective January 2018 and CECL effective January 2020. They work closely with Controllership, Risk, Risk Finance, Technologies, and other groups responsible for day to day deliverables.
This role ensures seamless quarterly close, providing meaningful analytics, support Market controllers in related regulatory filings, resolve audit queries, identify process improvement opportunities and last but not the least maintain a strong connect and collaboration with multiple stakeholders.
Responsibilities: Collaborate effectively with Risk Finance, Risk Decision support and Risk Technology development teams to ensure seamless / timely quarter close. Identifying and flagging the issues timely for resolution. Provide support to Market Controllers in timely regulatory filings Conduct deep dive analysis coordinate with multiple stakeholders to provide meaningful insights into period over period movements and underlying drivers Prepare and deliver the quarterly decks including regulatory disclosures (whenever / wherever applicable), ensuring the data integrity and timeliness. Lead with a digital mindset - understand, leverage implement technological changes, conduct effective UATs, highlighting the gaps timely and coordinating with Tech team to address the gaps Support smooth conduct of audits and query resolution Lead / support various projects
Critical Factors to Success: Error free and timely delivery of quarterly decks along-with required disclosures (wherever needed). Effective UATs and closure of gaps in collaboration with Product Owner team. Put enterprise thinking first and balance between enterprise priorities and customer needs.
Lead with an external perspective, challenge status quo and bring continuous innovation to our existing offerings
Past Experience: Experience with financial reporting particularly in the area of Credit and Fraud Risk reserving and drivers of change Experience in areas like project management, process governance control compliance is required Good knowledge of writing SQLs In addition to above, experience with credit reserves and portfolio analysis, financial modeling and accounting
Academic Background: CA/CPA / MBA (from a reputed institution) 3-4 years of financial and accounting experience including reasonable techno-functional knowledge in Macros, VBA, SQL writing
Functional Skills/Capabilities: Strong process orientation and analytical problem-solving skills, demonstrated process improvement Excellent written and verbal communications skills, strong collaboration and relationship skills
Technical Skills/Capabilities: Awareness of IFRS 9 / US GAAP accounting knowledge Knowledge of VBA, SQL Analytical skills with the ability to undertake cause effect analysis Knowledge of financial systems Strong knowledge of Amex systems will be an added advantage.
Behavioral Skills/Capabilities: Results driven, self-starter, able to lead and influence without direct authority Ability to be flexible, prioritize multiple demands, and effectively manage in a matrix organization
Enterprise Leadership Behaviors: Set The Agenda: Define What Winning Looks Like, Put Enterprise Thinking First, Lead with an External Perspective Bring Others with You: Build the Best Team, Seek Provide Coaching Feedback, Make Collaboration Essential Do It The Right Way: Communicate Frequently, Candidly Clearly, Make Decisions Quickly Effectively, Live the Blue Box Values, Great Leadership Demands Courage
American Express is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, age, or any other status protected by law.
Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations
ReqID: 21005988 Schedule (Full-Time/Part-Time): Full-time Date Posted: Mar 17, 2021, 12:33:02 PMAmerican Express is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, age, or any other status protected by law.