About the position
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, you'll 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. The Product Approval team (PAT) is part of Global Financial Crimes Compliance (GFCC) and oversees its reviews of all AEMP-54-related matters. The team is part of the broader GFCC Shared Services group, tasked with oversight for a number of GFCC functions across the different geographic regions in which American Express operates. GFCC Shared Services goal is to design, deliver, and oversee programs that will protect the company and our communities from the effects of financial crime by ensuring American Express meets its AML, sanctions, and anti-corruption regulatory obligations.
Responsibilities
- Assist with management of GFCC new product and discontinuation reviews, including scheduling presentations by business stakeholders, memorializing discussions and takeaways, and gathering requirements/signoffs.
- 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.
- Help drive memorialization of GFCC's assessment of the risks 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-PAT dashboard.
- Assist in updating and tracking status of GFCC Product Approval matters (including New Product approvals, Discontinuations, Stipulation and Action Item due dates, and approvals) from GFCC SMEs.
- Organize, track, store, and maintain the team's documentation for all GFCC AEMP-54-related reviews as well as maintain the GFCC PAT Knowledgebase.
- Learn and understand various technology platforms used at American Express to help drive various tech-based efforts.
- Develop and maintain strong partnerships with GFCC SMEs, OE, LOBCOs, business stakeholders, and Operational Risk Governance Group.
- Assist in developing and enhancing guidance materials, trainings, and templates.
Requirements
- Bachelor's degree required. 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 and/or the credit card industry is a plus.
Benefits
- 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.
