Function Description
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-
This position will be a part of the Financial Reporting Cluster. It will primarily support the External Reporting function and will be part of Regulatory Reporting team. The job would entail the following activities:
Understand regulatory reporting requirements and apply/implement the same to the reports.
Preparing the regulatory filing and supporting documentation/schedules.
Ensuring report compliance with Federal Reserve and other regulatory reporting requirements, the Company s internal review procedures and all other applicable policies and procedures.
Understand automation platforms, architecture and the report logics build to maintain and run automated reports.
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.
Coordinating with various Subject Matter Experts and Global Reporting leaders.
Responsible for leading critical business initiatives and other initiatives identified by leadership to transform current processes.
Ensure defined controls are operating as expected and identify any gaps in controls
Ability to manage competing priorities with eye for details
Special projects as needed, including enhancing policies and procedures around the regulatory reporting process.
Supporting projects to transform the preparation of regulatory reports, including automation and simplifications.
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.
This role may be subject to additional background verification checks.
Shift timings- 11:00AM to 7:30PM
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.federalreserve.gov / reportforms / default.com for more information on these filings.
Critical Factors to Success
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 self-driven, 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
Experience
US GAAP knowledge & experience
Regulatory/ external reporting or public accounting experience is preferable
Academic Background
At least 3+ years experience in Accounting/Reporting
-Chartered Accountant/CPA preferred
-Prior experience with U.S. regulatory/SEC reporting or public accounting 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 will be an advantage. Familiarity with US GAAP and financial accounting experience is preferred.
Self-driven, team player, have analytical skills and inclination for process improvement.
For an internal candidate, knowledge of company policies, businesses, finance processes and systems is desirable
Understanding of financial domain and AXP systems
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.
The incumbent should be tenured for a minimum of 18 months at Band 30 as on the date of application deadline.
The incumbent should have a performance rating of G2L2 or better in the last review Good analytical skills and inclination of process improvement.
Knowledge of Platforms
Oracle, Essbase, RRD architecture
Behavioral areas
Enterprise Leadership Behaviors
Set The Agenda: Define What Winning Looks Like, Put Enterprise Thinking First, Lead with an External Perspective
Bring Others With You: Build the Best Team, Seek & Provide Coaching Feedback, Make Collaboration Essential
Do It The Right Way: Communicate Frequently, Candidly & Clearly, Make Decisions Quickly & Effectively, Live the Blue Box Values, Great Leadership Demands Courage
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
