Manager - Compliance (B2B Payments)

American Express

  • Sandy, UT
  • $90,000-165,000 per year
  • Permanent
  • Full-time
  • 9 days ago
At American Express, our culture is built on a 175-year history of innovation, shared and Leadership Behaviors, and an unwavering commitment to back our customers, communities, and colleagues. As part of Team Amex, you'll experience this 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.This position will be a key member of the U.S. Commercial Compliance team supporting American Express Global Commercial Services (GCS) Business to Business (B2B) Payments including digital capabilities and payment automation initiatives. This Line of Business Compliance Officer (LOBCO) second line of defense role provides the opportunity to participate in the independent oversight of products, services and features including new product development as well as supporting Compliance Program deliverables related to these areas.This person will provide strategic compliance expertise to drive innovation for the business while aligning to applicable laws and regulations for commercial B2B products, features and processes. This Compliance Officer will be an essential contact for the GCS business when managing multiple products and projects, acting independently and making sound risk-based decisions representing the LOBCO team during interactions with GCS, TRS and bank partners.Responsibilities:
  • Providing 2nd line credible challenge to protect American Express while overseeing business colleagues as they work toward their objectives.
  • Analyzing new and/or enhanced products and services as part of the New Product Development process to assess compliance risks, new/enhanced controls, and ensure adherence with regulatory requirements.
  • Monitoring and tracking multiple large-scale projects across the GCS B2B product suite.
  • Reviewing and providing effective challenge of Compliance Issues, Risk Events, and customer remediation for timely closure of gaps where required.
  • Participating in the Compliance Risk Assessment process to ensure that the appropriate risks are identified and that the strength of the control environment is evaluated in accordance with Compliance Program standards.
  • Liaising as required with the relevant stakeholders, including but not limited to: General Counsel’s Organization, other Compliance teams, Independent Compliance Testing team, Control Management, Internal Audit, Financial Crimes Compliance, and Privacy Office.
  • Evaluating third-party compliance risk of vendors contracted to perform services on behalf of American Express.
  • Assisting in preparation for regulatory inquiries and examinations.
  • Additional responsibilities based on team needs.
Minimum Qualifications
  • Minimum 3 - 5 years of experience in Compliance or related activities, preferably within the financial services and retail banking industry.
  • Bachelor’s Degree or equivalent work experience.
  • Excellent written, verbal, research, analytical, and interpersonal skills.
  • Self-motivated, energetic team player with strong relationship management skills when engaging with colleagues and business leaders.
  • Experienced in managing multiple priorities in a fast paced, constantly changing environment - must have the ability to work to tight deadlines.
  • Ability to learn and understand complex legal and regulatory concepts and convert them into relevant, practical business requirements.
  • In-depth knowledge and understanding of compliance risk management practices and methodologies, including risk and control assessments.
  • Working knowledge of the Global Commercial Services business and technical mind-set would be an advantage.
  • Strong regulatory knowledge applicable to B2B Payments and in-depth understanding of compliance risk management practices and methodologies, applicable AXP policies and procedures, including risk and control assessments.
  • Professional maturity with proven ability to build rapport, garner respect and appropriately exercise authority in a collaborative environment.
  • Strong knowledge of applicable laws and regulations pertaining to B2B & MSB products including but not limited to Consumer Protection & Fairness and UDAP.
Preferred Qualifications:
  • Prior payments industry, compliance, legal, or risk experience is a plus.
  • CRCM, CAMS, CIPP, and/or CCEP certifications are preferred.
Salary Range: $90,000.00 to $165,000.00 annually + bonus + benefitsThe above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we’ll consider your location, experience, and other job-related factors.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
  • 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 .American Express is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability status, age, or any other status protected by law. American Express will consider for employment all qualified applicants, including those with arrest or conviction records, in accordance with the requirements of applicable state and local laws, including, but not limited to, the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance for Employers, and the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance. For positions covered by federal and/or state banking regulations, American Express will comply with such regulations as it relates to the consideration of applicants with criminal convictions.We back our colleagues with the support they need to thrive, professionally and personally. That's why we have Amex Flex, our enterprise working model that provides greater flexibility to colleagues while ensuring we preserve the important aspects of our unique in-person culture. Depending on role and business needs, colleagues will either work onsite, in a hybrid model (combination of in-office and virtual days) or fully virtually.US Job Seekers - Click to view the “ ” poster. If the link does not work, you may access the poster by copying and pasting the following URL in a new browser window:Employment eligibility to work with American Express in the U.S. is required as the company will not pursue visa sponsorship for these positions.

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