The Regulatory Reporting team delivers Bank Holding Company regulatory reports in accordance with Federal Reserve requirements for American Express Company and its subsidiaries. We perform independent processes to prepare, review and analyze financial information with a key focus on control and compliance and addressing new Federal Reserve requirements, including new reports. We work extensively with our own market financial controllers, subject matter experts, General Counsel s Office, treasury, technology partners, and external regulators. The team is committed to talent development, work / life balance, and timely recognition of team members.
This role may be subject to additional background verification checks.
Responsibilities: The job would entail the following activities:
- Performing evaluation of Control and Compliance under Regulatory Reporting team and Participate in streamlining the controls
- Assist in standardization of the overall documentation for reporting interpretations will be part of Regulatory Reporting team.
- 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 States Federal Reserve Bank of New York (Federal Reserve) and other regulators and support the Liquidity reporting process overall
- The incumbent will have the opportunity to gain a rewarding experience in the highly visible and critical area of regulatory reporting for American Express.
- The individual will be exposed to American Express systems & processes and will work with several internal & external groups 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 internal review 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) other regulatory related inquiries.
- Supporting the Managers and Director in implementation of analytical and reporting processes, procedures and systems using the Company s control framework.
Purpose of the Role
These quarterly/monthly filings report certain financial and non-financial information in accordance with the applicable Federal Reserve and other authoritative guidance at both the Consolidated American Express Co. and at the subsidiary legal entity levels. Visit http: / / www.federalreservegov / reportforms / default.com for more information on these filings.
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
- AXPs treasury operations and process flow knowledge
- Should have problem solving, planning and analytical skills to facilitate and focus on continuous improvement and innovation. Project management skills and experience will be distinct advantage.
- Should have strong results orientation, project management, collaboration, and co-ordination abilities. Should be selfdriven, self-motivated and have eye for detail.
- Follow the established controls and checks to ensure integrity of the information collected including documenting process/entity specific knowledge.
- Collaborate with multiple partners across Controllership, Business Unit and other organizations to source information and deliver 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 business partners / 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.
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.
Knowledge of Platforms
Oracle, Essbase, R2CE architecture
We back you with benefits that support your holistic we'll-being so you can be and deliver your best. This means caring for you and your loved ones physical, financial, and mental health, as we'll as providing the flexibility you need to thrive personally and professionally:
- Competitive base salaries
- Bonus incentives
- Support for financial-we'll-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 we'llness centers staffed with nurses and doctors (depending on location)
- Free and confidential counseling support through our Healthy Minds program
- Career development and training opportunities
