The Risk Oversight organization within Global Risk and Compliance (GRC) is responsible for identifying and managing risk across all processes and geographies at American Express.
The Enterprise Risk Management group within the Global Risk and Compliance (GRC) organization is responsible for identifying and managing risks across all processes at Amex Bank of Canada (ABC). This is an oversight and governance group representing the 2nd Line of Defense.
The Director, Enterprise Risk Management, Amex Bank of Canada will report to the Vice President & Chief Risk Officer (CRO) of Amex Bank of Canada. The incumbent will lead a team of Risk Management professionals (managers and analysts) to identify, assess, measure, manage and report risk and strengthen the governance structure for Amex Bank of Canada, as per the expectations from OSFI/FCAC and the Canada Bank Act.
The incumbent will contribute to the effectiveness of the enterprise risk management team by leading the design and execution of projects locally, and by creating synergies across peer groups in similar international and global roles.
Responsibilities
Develop risk tolerance limits, and establish risk appetite metrics and escalation thresholds for all major risk types.
Identify emerging risks in accordance with the risk appetite program.
Establish policies, practices, and other control mechanisms to manage key enterprise risks.
Monitor and report on the bank’s aggregate risk profile, initiating appropriate actions to ensure adherence to risk appetite.
Lead the creation of dashboards and other reporting tools for all major risk types and provide regular updates to Senior Management, the Risk Committee, and the Board.
Lead the bank’s enterprise-wide stress testing activities and ensure the comprehensiveness and robustness of the bank’s stress testing program.
Lead the functional oversight of risk management activities including the oversight of key risk-taking activities and core risk controls across the bank.
Provide oversight and effective challenge of the bank’s operations through the establishment and ongoing maintenance of an effective enterprise risk management program.
Support the bank in establishment and adoption of risk management programs for any new or emerging risks.
Support preparation of materials for interactions with regulators – scheduled and need-based.
Support the Vice President & Chief Risk Officer in organizing and managing risk committees (Enterprise Risk Management Committee) and the Risk Committee of the Board.
Qualifications
Experience and Background:
8+ years of leadership experience in risk management, compliance, control management, or a similar role.
Strong analytical skills and business acumen with a risk-reward control perspective; and the ability to balance commercial objectives with sound risk management.
Strong understanding of the payment industry and local regulatory requirements such as the Canada Bank Act as well as OSFI/FCAC guidelines.
Demonstrated ability to successfully manage multiple priorities under pressure.
Advanced degree in business, economics, engineering, or a related field or a related quantitative field is preferred; professional certifications such as FRM, CFA, are valued.
Familiarity with analytical methods and tools would be preferred.
Leadership Skills:
Proven leader who can build, inspire, and coach a team with a passion for the business.
Excellent relationship and influence management skills with the ability to build productive relationships across teams and levels of seniority and drive change.
Self-confident with a keen sense of integrity and the ability and willingness to challenge and be challenged.
Proactive in identifying issues, delivering, and escalating key findings, and advising on recommended solutions to correct issues or mitigate risks.
Ability to communicate oversight findings to colleagues, business partners, and senior leaders.
Strong verbal and written communication skills.
Ability to work in a matrix environment within a global organization.
Employment eligibility to work with American Express is required as the company will not pursue visa sponsorship for these positions
The job posting is for an existing vacancy.
We 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
- Support for financial-well-being and retirement
- Comprehensive medical, dental, vision, life insurance, and disability benefits (depending on location)
- Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
- Generous paid parental leave policies (depending on your location)
- 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
American Express is committed to providing an inclusive and accessible work environment in which all people who apply for positions or who work for or on behalf of Amex are treated with dignity and respect and are provided with equal treatment with respect to employment, regardless of that person's age, sex, sexual orientation, gender identity, gender expression, race, colour, ancestry, ethnic or national origin, citizenship, religion or creed, marital status, family status, pregnancy, disability, record of offences, social condition or origin, political beliefs, association or activity or other factors prohibited under applicable Human Rights legislation (the “Prohibited Grounds”). If you have a disability and need accommodation, please speak with the Recruiter for more information.
Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations.
At 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.
We 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
- Support for financial-well-being and retirement
- Comprehensive medical, dental, vision, life insurance, and disability benefits (depending on location)
- Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
- Generous paid parental leave policies (depending on your location)
- 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
Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations.
