• Consultant - Intl Risk & Regulatory Governance

    Insight Global (New York, NY)


    Job Description

    American Express is seeking a highly experienced Risk & Regulatory Governance Consultant to design and implement a sustainable risk assessment framework for its International Legal Entities (ILEs), informed largely by FRB expectations for how large banks oversee their subsidiaries. This role will support regulatory expectations (FRB), by ensuring the applicability of policies, risk frameworks, committee governance standards and oversight is rightsized for the risk of the ILE. The consultant will be responsible for designing a principled and sustainable framework for risk stratification of ILEs, including subsidiaries and joint ventures. They will develop and document risk tiering methodology and governance expectations by risk group, ensuring alignment with FRB requirements and international regulatory expectations. The consultant will recommend and socialize updated policy language and empower framework sustainability within the policy suite by drafting and deploying policy changes.

     

    Additionally, the consultant will use informed industry insights to recommend and codify effective operating model(s) for 2nd Line teams within the ILEs, ensuring effective coverage of all risk stripes as required by International regulators, and documenting roles and responsibilities accordingly. They will need to perform a gap assessment between the current state and the desired operating model, with aligned gap closure recommendations.

     

    To address the above, the consultant will be required to generate thoughtful and relevant recommendations informed by industry best practice, peer benchmarks and US and Intl Regulatory expectations, and socialize this recommendations with senior leaders across the to influence and generate alignment and advocacy. They will support the preparation of materials for regulator (FRB) socialization and Board/committee usage, and advise on embedding the framework in governance structures and IRM resourcing.

     

    We are a company committed to creating inclusive environments where people can bring their full, authentic selves to work every day. We are an equal opportunity employer that believes everyone matters. Qualified candidates will receive consideration for employment opportunities without regard to race, religion, sex, age, marital status, national origin, sexual orientation, citizenship status, disability, or any other status or characteristic protected by applicable laws, regulations, and ordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please send a request to Human Resources Request Form (https://airtable.com/app21VjYyxLDIX0ez/shrOg4IQS1J6dRiMo) . The EEOC "Know Your Rights" Poster is available here (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12ScreenRdr.pdf) .

     

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    Skills and Requirements

     

    10+ years in Risk Governance, Regulatory Compliance, or Legal Governance

     

    Deep knowledge of US and International Regulatory Requirements applicable to global financial services firms (FRB, Basel, ECB, local regulators)

     

    Expertise in risk-based governance frameworks, policy frameworks, and operational risk management

     

    Prior experience advising on Legal Entity governance or risk stratification preferred

    Prior experience working with/for the Fed or preparing firms for FRB review highly desirable null

    We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day. We are an equal employment opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment without regard to race, color, ethnicity, religion,sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military oruniformed service member status, or any other status or characteristic protected by applicable laws, regulations, andordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to [email protected].