Vice President, Enterprise Risk Management - Canada & LATAM

Description

You Lead the Way. We've Got Your Back.

With the right backing, people and businesses have the power to progress in incredible ways. When you join Team Amex, you become part of a global and diverse community of colleagues with an unwavering commitment to back our customers, communities and each other. Here, you'll learn and grow as we help you create a career journey that's unique and meaningful to you with benefits, programs, and flexibility that support you personally and professionally.

At American Express, you'll be recognized for your contributions, leadership, and impact-every colleague has the opportunity to share in the company's success. Together, we'll win as a team, striving to uphold our company values and powerful backing promise to provide the world's best customer experience every day. And we'll do it with the utmost integrity, and in an environment where everyone is seen, heard and feels like they belong.

Join Team Amex and let's lead the way together.

The Enterprise Risk Management group within the Global Risk and Compliance (GRC) organization is responsible for identifying and handling risks across all processes at Amex Bank of Canada (ABC). This is an oversight and governance group representing the 2 nd Line of Defense.

The VP, Enterprise Risk Management and Chief Risk Officer (CRO) for ABC will report to the CEO of ABC and to a member of management of the shareholder of ABC. The CRO also has a reporting line for functional purposes to the Risk Review Committee ("RRC") of the Board. The CRO has overall responsibility for the oversight of the Bank's Enterprise Risks contained within the Bank's Risk Universe including Credit Risk, Operational Risk, Asset and Liability Management ("ALM") Risks and Liquidity & Funding Risks, acting within the authority delegated by the CEO, and in compliance with applicable laws and regulations (OSFI guidelines, FCAC expectations and the Bank Act).

The incumbent will contribute to the efficiency 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.

Key Responsibilities:

• Establish an enterprise risk management framework to identify, measure, monitor and report on the risks of the Bank on an enterprise-wide and disaggregated level, independently of the business lines or operational management.

• Promote a risk culture that stresses integrity and effective risk management.

• Support the development and ongoing review of the Bank's Risk Appetite Framework that considers the Bank's risk profile.

• Develop risk tolerance limits for Senior Management review (as defined by the Bank's Board of Directors ("Board")), and review and ensure adherence to the established risk escalation guidelines.

• Supervise and report on the Bank's risk profile relative to the risk appetite, initiating appropriate actions to ensure adherence to the approved risk appetite.

• Establish processes and controls to assess the accuracy of any risk information or analysis provided by business lines to provide objective reporting to the Board, the Risk Committee and Senior Management

• Review and approve all risk management related policy exceptions.

• Follow up on actions taken by Senior Management in response to identified issues and related recommendations.

• Review and approve the Risk Assessment for New Products and other Strategic Initiatives to ensure adherence with the established risk appetite.

• Lead the bank's enterprise-wide stress testing activities and ensure the comprehensiveness and robustness of the Bank's Stress Testing program.

• Provide oversight of risk management activities and core risk controls across the Bank

• Review reports from management regarding compliance with the applicable consumer provisions of the Bank Act, the Financial Consumer Protection Framework (including but not limited to enhanced disclosures, complaints handling and sales practices), and relevant Codes of Conduct and Public Commitments.

Minimum Qualifications:

Experience and Background:

• Degree in math/ business/ statistics / economics/ engineering or other quantitative field or combination of education and experience in quantitative analysis and other relevant business areas. Professional certifications in risk management such as FRM, CFA etc. will be helpful.

• At least 10 years of leadership experience in Enterprise Risk Management function for a Canadian Banking Institution

• Prior experience of regulatory interactions to present risk management and related governance matters.

• Strong business acumen with a risk-reward control perspective

• Familiarity with local regulatory requirements such as the Canada Bank Act as well as OSFI/FCAC guidelines

• Demonstrated ability to successfully manage multiple priorities under pressure.

Leadership Skills

• Proven leader who can build, encourage, and mentor a team with a passion for the business.

• Excellent relationship and influence leadership skills with the ability to build positive 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.

• Comprehensive understanding of the Canadian regulatory environment.

• Experience of working with OSFI.

Qualifications

We back our colleagues and their loved ones with benefits and programs that support their holistic well-being. That means we prioritize their physical, financial, and mental health through each stage of life. Benefits include:

• 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.

Job: Executive

Primary Location: Canada-Ontario-Toronto

Schedule Full-time

Req ID: 24015261