Analyst-Compliance- GFCC Strategy and Product Oversight

American Express

Phoenix, AZ

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JOB DETAILS

SKILLS

Alliance/Partner Management, Analysis Skills, Bank Secrecy Act, Banking Services, Business Operations, Communication Skills, Conflict Resolution, Credit Cards, Customer Support/Service, Disability Insurance, Establish Priorities, Financial Compliance, Financial Policies, Financial Risk, Financial Risk Management, Global Financial Markets, Leadership, Life Insurance, Maintain Compliance, Money Laundering, Nursing, Organizational Skills, Presentation/Verbal Skills, Problem Solving Skills, Product Development, Product Documentation, Product Management, Product Programs, Product Reviews, Product Support, Product/Service Launch, Project Tracking, Record Keeping, Regulatory Compliance, Regulatory Requirements, Reporting Dashboards, Retirement Plan, Risk, Risk Analysis, Risk Management, Team Player, Time Management, Training/Teaching, Vision Plan, Web Browsers, Writing Skills

LOCATION

Phoenix, AZ

POSTED

1 day ago

Job Description

Team Overview:

The Strategy and Product Oversight Team (SPOT) is part of Global Financial Crimes Compliance (GFCC) and oversees GFCC's reviews of all new product initiatives across all American Express business units, markets, and product types. SPOT's goal is to ensure that all American Express products are launched, changed, and decommissioned consistent with American Express Financial Crimes policies and standards, and to ensure compliance with regulatory requirements and financial crimes risk management principles.

SPOT reports into the broader Global AML team that supports AML compliance and risk management across the enterprise.

Role Overview:

This analyst assist with management of day-to-day tasks to support GFCC product reviews. The analyst will be responsible for coordinating with a wide range of stakeholders across the First Line of Defense (1LOD) and Second Line of Defense (2LOD) including Control Management (CM), Line of Business Compliance Officers (LOBCO), business/product development teams, and GFCC subject matter experts (SME) to support review, resolve conflict, and ensure timely approval by leadership.

Review tasks include reviewing and understanding complex business initiatives, socializing that information with diverse stakeholders, responding to and resolving questions about the initiative and GFCC requirements, identifying and finding solutions for financial crimes compliance risks and process gaps, drafting clear communications to leadership to support review and approval, and maintaining meticulous records to ensure audit and exam readiness.

The role requires a strong interest in financial crimes compliance and familiarity with the different product lines at American Express. The role also requires exceptional communication skills, both written and verbal.

Responsibilities

Assist with management of GFCC new product, product change, and discontinuation reviews as described in the role overview
Assist in reviewing new product proposals and compliance requirements to identify potential financial crimes risk.
Help to oversee pre- and post-launch governance activities associated with product approval
Drive memorialization of GFCC's assessment of the risks and impacts identified with product approvals and how they will be mitigated.
Track issues, mitigations, or requirements identified and follow up with stakeholders for timely resolution.
Manage weekly Product Approval reporting and maintain the GFCC-SPOT dashboard, including updating and tracking status of approval matters (including New Product approvals, Discontinuations, Stipulation and Action Item due dates, and approvals).
Organize, track, store, and maintain the team's documentation for all product reviews
Learn and understand various technology platforms used at American Express, especially those within GFCC, to help drive various tech-based efforts.
Develop and maintain strong partnerships with GFCC SMEs, CMs, LOBCOs, business stakeholders, and Operational Risk Governance Group
Assist in developing and enhancing guidance materials, training, and templates

Qualifications

Qualifications & Skills:

Bachelor's degree required and an advanced degree in a related field is a plus
Strong communication and writing skills
Effective time management and organizational skills
Self-motivated with a sense of urgency
Experience working in a team-oriented, collaborative environment
Ability to understand and adapt to rapidly changing priorities and to prioritize accordingly
Knowledge of Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) compliance
Knowledge of all aspects of the credit card industry and banking industries
Knowledge of product governance, risk and control management, and/or compliance risk assessment

Employment eligibility to work with American Express in the United States is required as the company will not pursue visa sponsorship for these positions.

About Us

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. From delivering differentiated products to providing world-class customer service, we operate with a strong risk mindset, ensuring we continue to uphold our brand promise of trust, security, and service.

As part of Team Amex, you'll experience our 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 the Team

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 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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The below 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.

About the Company

American Express

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