DescriptionYou Lead the Way. We’ve Got Your Back.With the right backing, people and businesses have the power to progress in incredible ways. When you join Team Amex, you become part of a global and diverse community of colleagues with an unwavering commitment to back our customers, communities and each other. Here, you’ll learn and grow as we help you create a career journey that’s unique and meaningful to you with benefits, programs, and flexibility that support you personally and professionally.At American Express, you’ll be recognized for your contributions, leadership, and impact—every colleague has the opportunity to share in the company’s success. Together, we’ll win as a team, striving to uphold our company values and powerful backing promise to provide the world’s best customer experience every day. And we’ll do it with the utmost integrity, and in an environment where everyone is seen, heard and feels like they belong.Join Team Amex and let's lead the way together.D epartment Overview:Global & US Large Market Strategy (G&L Limit Strategy) sits within the Credit and Fraud Risk Management (CFR) division and supports the institutional credit risk management function within American Express. The G&L Limit Strategy team is a first line credit risk management team developing strategies to manage exposure and operational risk from U.S. commercial clients in the Global & US Large Market portfolios. The team is tasked with partnering with Global Commercial Services (GCS), Global Services Group (GSG) and other Credit & Fraud Risk (CFR) teams to develop strategies to grow our business while preventing write-offs. G&L Limit Strategy is led from New York while working with other teams internationally.Job Responsibilities:
Portfolio Management:
Reporting and analyzing trends within the G&L portfolio and identifying areas of concern.
Be the point of contact for the various GCS teams and provide insights, including profitability details, about their portfolios to provide better management and prevent write-offs.
Recognize any policy or communication shortfalls between sales and risk, then aid to overcome and resolve.
Ownership of delinquency case studies within the portfolio to find areas of improvement.
Provide collection support to large balances.
Process Design, Documentation and Training:
Partner with GCS and other CFR teams to identify existing processes and procedures that require enhancements.
Develop and document new processes to enhance the delivery of our products, accuracy of our credit decisions, and the best customer experience.
Critically evaluate risk-related policies and collaborate across teams to implement capabilities, procedures, and new products:
Growth Strategies:
Innovate new ideas for growth within the G&L portfolio, and support G&L Strategy with their growth initiatives
Assist the GCS Product teams with existing or new products to expand the portfolios by being the point of contact representing CFR.
Lead a team of diverse colleagues guiding their development and career growth while empowering them to lead, voice their ideas, make collaboration essential and deliver high performance.
Desired Skills:
Ability to lead large scale, time sensitive, enterprise-wide projects to successful completion. Proven ability to influence others to achieve complex objectives against tight deadlines.
Experience managing others, with the proven ability to lead a team of professionals, understand their individual needs, and inspire them to achieve a common goal.
Executive presence with excellent communication skills, the ability to listen, and provide input to help senior leadership make informed decisions.
Track record of collaborating and building relationships across organization.
Management of a commercial portfolio through economic cycles and regulatory exams.
Familiarity with banking regulations, particularly those imposed by the Federal Reserve Bank and Office of the Comptroller of the Currency.
Knowledge of probability of default and loss given default.
Fluency in SQL, SAS or Python to drive a data-driven decision-making approach.
Thorough understanding of fundamental financial analysis, including the ability to review financial statements to determine the ability of the obligor to honor its credit obligations.
Understanding of current macroeconomic trends and how to provide recommendations to improve the probability of default estimation based on the business cycle.
Experience with the American Express systems and commercial risk policies
Qualifications:
Minimum 15 years of risk management at a leading financial institution
Bachelor’s degree from a top tier university and a degree (or substantial coursework) in finance, accounting, economics, statistics, or engineering.
Graduate degree or CFA designation preferred
QualificationsSalary Range: $185,000.00 to $260,000.00 annually bonus equity (if applicable) benefitsThe 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 our colleagues and their loved ones with benefits and programs that support their holistic well-being. That means we prioritize their physical, financial, and mental health through each stage of life. Benefits include:
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.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.US Job Seekers/Employees - Click here to view the “Know Your Rights” poster and the Pay Transparency Policy Statement.Depending on factors such as business unit requirements, the nature of the position, cost, and application laws, American Express may provide visa sponsorship for certain positionsIf the links do not work, please copy and paste the following URLs in a new browser window: https://www.dol.gov/agencies/ofccp/posters to access the three posters.Job: ExecutivePrimary Location: US-New York-New YorkSchedule Full-timeReq ID: 24012130
