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You 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 will learn and grow as we help you create a career journey that is unique and meaningful to you with benefits, programs, and flexibility that support you personally and professionally.
At American Express, you will be recognized for your contributions, leadership, and impactevery colleague has the opportunity to share in the company's success. Together, we'll win as a team, striving to uphold ourcompany valuesand powerful backing promise to provide the world's best customer experience every day. And we will 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.
Function Description
The Regulatory Reporting team delivers Bank Holding Company regulatory reports in accordance with Federal Reserverequirements for American Express Company and its subsidiaries. We perform independent processes to prepare, reviewand analyze financial information with a key focus on control and compliance and addressing new Federal Reserverequirements, including new reports. We work extensively with our own market financial controllers, subject matterexperts, General Counsel's Office, treasury, technology partners, and external regulators. The team is committed totalent development, work / life balance, and timely recognition of team members. This role may be subject to additionalbackground verification checks.
Purpose of the Role
These quarterly/monthly filings report certain financial and non-financial information in accordance with the applicableFederal Reserve and other authoritative guidance at both the Consolidated American Express Co. and at the subsidiarylegal entity levels. Visit http://www.federalreserve.gov/reportforms/default.com for more information on these filings.
Responsibilities
This position will be a part of the Financial Reporting Cluster. It will primarily support the External Reporting function andwill be part of Regulatory Reporting team. The job would entail the following activities:
Participate in Project Fast Forward, Bank Category Change Readiness from Category IV to Category III/II bank.
Engage with multiple stakeholders to understanding/interpret and implement bank category changes
Coordinate in implementing the change on automated platform R2CE (Regulatory Reporting Calculation Engine)
Participate in senior leadership progress updates
Preparation of Bank Holding Company regulatory filings pertaining to Liquidity reporting (FR2052a) to the United StatesFederal Reserve Bank of New York (Federal Reserve) and other regulators and support the Liquidity reporting processoverall
The incumbent will have the opportunity to gain a rewarding experience in the highly visible and critical area of regulatoryreporting for American Express.
The individual will be exposed to American Express systems & processes and will work with several internal & externalgroups outside of Controllership/Finance (including senior leaders of the Company) during the course of these filings.
This is a unique opportunity to lead end to end preparation and filing of the FRB reports for the company.
Ensuring report compliance with Federal Reserve and other regulatory reporting requirements, the Company's internalreview procedures and all other applicable policies and procedures.
Supporting projects to transform the preparation of regulatory reports, including automation and simplification.
Supporting the Managers and Director in responding to inquiries of (i) Federal Reserve; (ii) GCO; and (iii) otherregulatory related inquiries.
Supporting the Managers and Director in implementation of analytical and reporting processes, procedures and systemsusing the Company's control framework.
This role may be subject to additional background verification checks.
Shift timings- 11AM to 7:30PM
Critical Factors to Success
Treasury function's accounting understanding, and systems knowledge.
Experience of interpreting and documenting Liquidity Reporting Management (LRM) rules and FED instructions
AXP's treasury operations and process flow knowledge
Should have problem solving, planning and analytical skills to facilitate and focus on continuous improvement andinnovation. Project management skills and experience will be distinct advantage.
Should have strong results orientation, project management, collaboration, and co-ordination abilities. Should beself driven, self-motivated and have eye for detail.
Follow the established controls and checks to ensure integrity of the information collected including documentingprocess/entity specific knowledge.
Collaborate with multiple partners across Controllership, Business Unit and other organizations to source information anddeliver on customer expectations.
Put enterprise thinking first, connect the role's agenda to enterprise priorities and balance the needs of customers,partners, colleagues & shareholders.
Lead with an external perspective, challenge status quo and bring continuous innovation to our existing offerings.
Demonstrate learning agility, make decisions quickly and with the highest level of integrity
Lead with a digital mindset and deliver the world's best customer experiences every day
Past Experience
US Regulatory Reporting/External Reporting experience
Exposure in Liquidity reporting, NSFR or LCR and other Treasury functions will be preferred
US GAAP knowledge & experience
Academic Background
At least 3+ years experience in Accounting/Reporting
Chartered Accountant/CPA preferred
Prior experience with Liquidity reporting, LCR/NSFR is a plus.
Functional Skills/Capabilities:
Must have good communication and interpersonal skills and be able to interact independently with senior businesspartners / customers etc.
Reporting and analysis experience, familiarity with US GAAP and financial accounting experience
Self-driven, team player, have analytical skills and inclination for process improvement.
For an internal candidate, knowledge of company policies, businesses, finance processes and systems is desirable
Understanding of financial domain and AXP systems
Technical Skills
Able to understand and enhance the control environment around the filings.
Strong analytical and problem-solving skills. Quick learner.
Must be proficient in MS Applications such as Excel, PowerPoint, and Word.
The incumbent should be tenured for a minimum of 18 months at Band 30 as on the date of application deadline.
The incumbent should have a performance rating of G2L2 or better in the last review Good analytical skills and inclinationof process improvement.
Knowledge of Platforms
Oracle, Essbase, R2CE architecture
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:
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.
Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations.
Job ID: 134689031
