American Express Careers

Campus Graduate - 2019 Global Risk, Banking, & Compliance Summer Internship

United States
Other


Job Description

Campus Graduate - 2019 Global Risk Banking & Compliance Summer Internship


The Global Risk Banking & Compliance Organization (“GRBC”) ensures the company operates in a safe, sound and fully compliant manner within all applicable regulatory expectations. There are 6 main areas within GRBC; 1) Compliance, 2) Global Risk Oversight, 3) Global Privacy & Information Security Oversight, 4) US Banking, 5) International Banking and 6) Global Regulatory Affairs.  We are passionate about our commitment to driving the company’s goals of growth and progress by creating a culture of awareness and proactivity around regulatory matters, and by partnering closely with business units across the enterprise to ensure we deliver maximum value to our shareholders and our customers efficiently and effectively.

Within GRBC, we have subject matter experts focused on risk oversight, compliance, affiliate and vendor management among others.  Some examples include:
  • Compliance: This position is within a Line of Business Compliance team. This role will provide support to the line of business compliance officers as they work with the specific business partners, and evaluate solutions that will enable the business to ensure compliance with applicable laws and regulations for consumer products, capabilities, features and processes. 
    • Line of Business Compliance Officers:
      • Play a critical role within project steering committees, are integral members of project working teams and provide a solution driven approach while considering/mitigating risk.
      • Advise and influence key components of product construct design to ensure products and features are built appropriately and in a compliant manner.
      • Provide project Governance and Oversight and approve all features and output of test conditions. 
      • Maintain robust knowledge of critical impacted processes, platforms and corresponding risk and controls.  
      • Provide continual regulatory advice through every phase of projects.
  • Risk: The Global Operational Risk & Oversight Organization is responsible for managing AXPs “Risk Universe” through continuous monitoring, reviews and testing across American Express processes. This team strengthens AXP’s risk management practices through the latest advances in data science and technology, staying apprised of changing regulatory landscape, and monitoring emerging risks across the industry. This team is responsible for overseeing Enterprise, Operational, Credit, Market, third party, new product and Model Risk across the company and supports key GRBC Boards and Committees.
    • Global Privacy & Information Security Oversight: critical role in helping the company manage its’ data and technology related risks. 
  • US Banking: enables growth across American Express’ US operations through safe and sound banking practices, leveraging a team with robust banking experience and deep industry and business knowledge. Groups within the US Banking team include:
    • Marketing and Product Management: partners with teams across the enterprise to ensure that the affiliate companies that develop and execute marketing strategy and product development for the Bank’s products and services comply with all applicable laws.
    • Vendor and Operational Risk: supports strategy execution by leveraging affiliate and third party vendors, managing over 100 affiliate agreements and nearly 1,500 master service agreements, ensuring regulatory expectations are met.
    • Credit and Fraud Risk: facilitates growth by managing credit and fraud risk for all Bank products across the customer life cycle, leveraging deep product, process and regulatory knowledge to smooth potential roadblocks
    • Center for Community Development: the US Bank is responsible for complying with the Community Reinvestment Act (CRA). GRBC assists the Bank’s compliance efforts through small business regulatory reporting, originating real estate loans and tax credit investment opportunities and managing employees’ volunteerism for community development services.
    • Project Management Office: enables the Bank’s strategy goals by lending expertise and hands-on project management oversight across a range of initiatives and regulatory requirements.

  • Global Regulatory Affairs (Exam Management, Regulatory Relations) and International Banking: building strong partnerships with US and international regulators, driving operational excellence in the handling of examinations and all regulatory interactions, helping to formulate an accurate and appropriate position for the company in connection with matters under regulatory review.
    • Exam Management: manages federal and state regulatory examinations and engagements focused on consumer compliance, safety and soundness, and risk management to drive successful exam outcomes including appropriate regulatory ratings, resolves examiner concerns, and facilitates satisfactory completion of exam findings.
    • Regulatory Relations: manages the ongoing supervision program with our federal regulators, provides guidance and insights to senior leaders and their teams to ensure the appropriate messaging and information is conveyed, and develops and publishes periodic and ad hoc regulatory updates and reporting.  
    • International Banking: provides oversight of the controls and operations of the banks through which American Express issues its products in India, Mexico and Canada; provide project support through central program office for all regulatory projects; assisting with the development, roll-out and sustainability of our international dashboard – a reporting tool that publishes key data points from our international markets to key stakeholders enterprise-wide to help inform decisions, raise vulnerabilities where applicable and keep management informed of international banking activity including, but not limited to, international exams and regulatory relations.
 
Typical Projects
  • Define business requirements and support implementation of the capability for the critical processes
  • Develop systemized processes for technology product launches (e.g., project management templates, communication plans, training materials, post-launch analysis) 
  • Develop enhanced methodology to derive appropriate thresholds which would result in optimal number and quality of alerts
  • Create appropriate benchmark to historical data to optimize efficacy and effectiveness of alerts

Qualifications

Required Qualifications:
  • Demonstrated experience building, sustaining and leveraging relationships 
  • Strong work ethic, organizational skills and attention to detail with excellent follow-up skills
  • Demonstrated willingness to take initiative and act decisively
  • Ability to think strategically and influence teammates on multiple, cross-functional teams
  • Positive, can-do attitude embracing Growth Mindset
  • Project management skills with the ability to prioritize and multitask
  • Comfort working with minimal guidance and within rapidly changing environments
  • Currently enrolled in full-time Graduate degree program
  • Students must have a graduation date between December 2018 and June 2019
  • Strong written and oral communication skills
  • Ability to organize, manage, analyze, and interpret large amounts of data to identify trends and themes
  • Proven ability to translate highly technical and complex information into easily understandable terms
  • Superior Microsoft Office skills with emphasis on Excel and PowerPoint
  • Microsoft Access skills

Preferred Additional:
  • Strong understanding and knowledge of bank laws and regulations, relevant compliance requirements, U.S. Bank systems and processes as well as legal contracts and related governance activities a plus.
  • Knowledge of relevant regulatory compliance requirements, preferably at a regulated financial institution and / or consumer products and AML/ Anti-Corruption/BSA.
  • Experience with audit, compliance, risk, regulatory management, marketing and product management, finance, technologies or control related functions is a plus
  • SAS, SQL, skills a plus 
  • Familiarity with statistical/analytical software packages.
  • Experience with Archer/SIQ also a plus.

Why American Express?
There’s a difference between having a job and making a difference.

American Express has been making a difference in people’s lives for over 160 years, backing them in moments big and small, granting access, tools, and resources to take on their biggest challenges and reap the greatest rewards.
We’ve also made a difference in the lives of our people, providing a culture of learning and collaboration, and helping them with what they need to succeed and thrive. We have their backs as they grow their skills, conquer new challenges, or even take time to spend with their family or community. And when they’re ready to take on a new career path, we’re right there with them, giving them the guidance and momentum into the best future they envision.

Because we believe that the best way to back our customers is to back our people.

The powerful backing of American Express.
Don’t make a difference without it.
Don’t live life without it.

Learn more about Risk at American Express by visiting https://careers.americanexpress.com/students/.

With a job at American Express, almost anything is possible. Apply now!

Our team will review completed applications on a rolling basis. We appreciate your patience while we consider your application and will be in contact with you by April 30th. 

Depending on factors such as business unit requirements, the nature of the position, cost and applicable laws, American Express may provide visa sponsorship for certain positions.

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US reqs – MBA/MS


Tags: US reqs – MBA/MS
ReqID: 18013481
Schedule (Full-Time/Part-Time): Full-time
Date Posted: Sep 4, 2018, 6:29:17 PM