Description
As part of Team Amex, you'll experience this powerful backing with comprehensive support for your holistic well-being and many opportunities to learn recent 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.
Model Risk Management Group (MRMG) within Global Risk and Compliance Group, is responsible for the independent risk management of all American Express (AXP) models.
Responsibilities
The successful candidate will be responsible to manage and controls model risk, specifically associated to the next generation Artificial Intelligence or Machine Learning based models. This role will 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.
The specific responsibilities include:
• Conduct independent oversight of enterprise-wide models with a focus on Artificial Intelligence and Machine Learning based models for marketing, credit, fraud or other business/ risk types.
• Conduct gap assessments and establish robust framework to strengthen model risk controls and meet heightened regulatory standards
• Conduct research to explore opportunities to elevate model excellence and drive business impact
• Communicating results to partners, senior leadership and various model committees
Critical Factors to Success:
1.Business Outcomes:
• Effectively challenge the conceptual soundness , theory and approach, purpose/usages of predictive models
• Maximize business returns by institutionalizing efficient and accurate models.
• Innovate modeling techniques and variable creation
• Ensure modeling accuracy and enhance modeling efficiency in existing processes using Machine Learning
2. Leadership Outcomes:
• Put enterprise thinking first, connect the role’s agenda to enterprise priorities and balance the ne
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