Manager - Economic Capital Modeling

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Job Description

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.

Function Description:
The CFR team helps drive profitable business growth by reducing the risk of fraud and maintaining our customers' confidence in the security of our products. It utilizes an array of tools and ever-evolving technology to detect and combat fraud, minimize the disruption of good spending and provide a world-class customer experience. The team leads efforts that leverage data and digital advancements to improve service and risk management as well as enable commerce and drive innovation. CFR is responsible for developing and monitoring statistical models for predicting individual and commercial' behaviors such as credit risk, fraud risk, spending and revolve. These models are used for key business decisions made across the customer life cycle to manage risk and accelerate profitable business growth. Underpinning our growth as a company are the tools and capabilities that ensure we prudently take and manage risk in a viable way.

Purpose of the Role:

Develop and enhance existing American Express statistical models by leveraging best-in-class modeling techniques and data across various stages of card member lifecycle

The manager will be responsible for leading a team of 3 people and is expected to work on Economic Capital Risk Modeling. The responsibilities include:
• Establish and enhance modeling framework to calculate economic capital for AXP portfolios
• Develop, document, implement, and monitor risk models required for Economic Capital calculation and reporting
• Application of machine learning techniques to create efficiencies in the existing processes
• Partner with other risk management teams across the globe to develop logic and system capabilities that will help in more optimal decision across Acquisition, Underwriting or Customer Management
• Providing modeling support and expertise to various cross-functional teams, including Strategy, Finance, Validation, and Audit teams
• Exploration of new Information sources to improve our risk discrimination and / or improve our economics over and above existing framework

Critical Factors to Success:
Business Outcomes:
• Drive billing, revenue growth and profitability through advanced analytical techniques
• Ensure Modeling Accuracy and enhance modeling efficiency in existing processes using Machine Learning
• Innovate Modeling Techniques and Variable creation 


Leadership Outcomes:
• 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:
5 - 7 years with relevant experience in Analytical/Modelling Skills
Preferred: Experience in SAS programming and/or Statistical modeling

Academic Background:
Post Graduate in Statistics/Mathematics/Economics/ Engineering/Management

Functional Skills/Capabilities:

Expertise in regulatory models
Good understanding of Economic Capital framework
Good communication and partnership skills

Technical Skills/Capabilities:

Data Science/Machine Learning/Artificial Intelligence
o Expertise in Coding, Algorithm, High Performance Computing
• Analytics & Insights & Targeting o R, Python, C, C++, Java, SAS SQL
o Advanced Statistical Techniques
o Data correlation
o Model Accuracy Techniques : Gini, Concordance, F-Score

Knowledge of Platforms:

• Hadoop,
• Big Data – Cornerstone

Behavioral Skills/Capabilities:
Enterprise Leadership Behaviors
• Set The Agenda: Define What Winning Looks Like, Put Enterprise Thinking First, Lead with an External Perspective
• Bring Others With You: Build the Best Team, Seek & Provide Coaching Feedback, Make Collaboration Essential
• Do It The Right Way: Communicate Frequently, Candidly & Clearly, Make Decisions Quickly & Effectively, Live the Blue Box Values, Great Leadership Demands Courage

ReqID: 19018208
Schedule (Full-Time/Part-Time): Full-time
Date Posted: Oct 9, 2019, 12:08:27 PM