The Model Risk Management Group (MRMG) is responsible for oversight of model risk and governance over machine learning usage enterprise wide. The role will be primarily responsible for the review of credit risk, fraud risk, and line management models. The responsibilities of the individual are also to ensure that there is an elevation of modeling as well as fulfilling regulatory requirements for model risk management. This is a highly competitive role and one that ensures the individual achieves maximum potential intellectually as well as for the company.
ResponsibilitiesThis role will report to a director in MRMG. The specific responsibilities include:
- Oversee credit risk, fraud risk, and line management models which include evaluating conceptual soundness, data quality, performance validation, and on-going monitoring
- Document detailed model review reports and prepare for regulatory and internal audit reviews
- Communicate model review results to business partners, senior leaders, and regulators
- Evaluate machine learning algorithms and their application on models
- Enhance governance framework to accommodate the evolving modeling techniques, model development, as well as model risk management
Qualifications
- Advanced degree in quantitative fields
- Hands-on modeling experience is preferred
- The qualified candidate should have a good understanding of machine learning algorithms (e.g., gradient boosting machine, XGBoost, neural network), artificial intelligence, deep learning as well as classic statistical modeling techniques and assumptions.
- Experience in large data processing and handling is a plus—familiarity with big data platforms and applications, such as Hadoop, Pig, Hive, Spark, AWS.
- Must be skilled in coding using Python/R; additionally, Java, Scala, and C++ a plus.
- Strong communication and written skills
- Flexibility and adaptability to work within tight deadlines and changing priorities
Employment eligibility to work with American Express in the United States is required as the company will not pursue visa sponsorship for these positions.
About UsAt 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. From delivering differentiated products to providing world-class customer service, we operate with a strong risk mindset, ensuring we continue to uphold our brand promise of trust, security, and service.
As part of Team Amex, you’ll experience our 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.
About the TeamWe back you with benefits that support your holistic well-being so you can be and deliver your best. This means caring for you and your loved ones' physical, financial, and mental health, as well as providing the flexibility you need to thrive personally and professionally:
- 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
For a full list of Team Amex benefits, visit our Colleague Benefits Site.
Skills Required
- Advanced degree in a quantitative field
- Strong understanding of machine learning algorithms, artificial intelligence, deep learning, and classical statistical modeling
- Proficiency coding in Python or R
- Strong written and verbal communication skills
- Flexibility and adaptability to tight deadlines and changing priorities
- Hands-on modeling experience
- Experience with large-scale data processing and handling
- Familiarity with Hadoop, Pig, Hive, Spark, or AWS
- Experience with Java, Scala, or C++
- Employment eligibility to work in the United States without visa sponsorship
American Express Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about American Express and has not been reviewed or approved by American Express.
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Strong & Reliable Incentives — Bonuses are often viewed as strong and materially boost total compensation when combined with benefits. Company-performance bonuses are highlighted as a recurring strength.
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Leave & Time Off Breadth — Paid time off and paid leave are frequently highlighted as strengths within the total rewards package. These policies support work-life balance and contribute meaningfully to overall satisfaction.
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Retirement Support — Retirement benefits are frequently mentioned as a positive component of the package. These offerings add tangible value beyond base salary.
American Express Insights
What We Do
At American Express, we know that with the right backing, people and businesses have the power to progress in incredible ways. Whether we’re supporting our customers’ financial confidence to move ahead, taking commerce to new heights, or encouraging people to explore the world, our colleagues are constantly striving to uphold our powerful backing promise to our customers and each other every day. These beliefs have been our North Star for 170 years as our business transformed – from helping evacuate travelers during World Wars, to ensuring the safety of our customers’ funds during the Great Depression in the U.S., to creating the Shop Small® movement to help small businesses recover from the Financial Crisis, to providing aid to communities impacted by many natural disasters and so much more. For generations, the key to our success has been the determination and resilience of our American Express colleagues. Now, as a globally integrated payments company, we work together to provide customers with access to products, insights and world-class experiences that enrich lives and build business success. Join us and let’s lead the way together.
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