Analyst, Regulatory Compliance

Analyst, Regulatory Compliance

Charlotte, NC, United States

Sunrise, FL, United States

Phoenix, AZ, United States

Sandy, UT, United States

(Hybrid)

** Job Description*
* American Express Company is seeking a Regulatory Change & Inventory Management Analyst to join our Global Compliance & Ethics team. This role will support transformational change across the Regulatory Change & Inventory Management (RCIM) area, establishing appropriate governance and communication cadence. The RCIM Program is in an exciting phase of development, and the Analyst will need to be flexible, resilient, comfortable with continuous change, and able to effectively collaborate with other teams to further mature the program in line with regulators' expectations.

** Responsibilities*
* ** Regulatory Change Management*
* + Identify and analyze any new or further changes to Laws, Rules, and Regulations (LRR) issued by regulatory authority and initiate process for LRRs in scope for regulatory change.

+ Assist Internal Counsel with the identification of applicable Laws, Rules, and Regulations.

+ Determine substantiveness of regulatory change using risk-based impact approach to determine the risk tiering which will define the implementation plan requirements.

+ Collaborate with internal counsel and Line of Business Compliance Officers (LOBCO) and Legal Entity Compliance Officers (LECO) with the end-to-end process of regulatory change management.

+ Propose and assign for completion the initial impact assessment for all potentially impacted business specific processes to assess the implications of new regulations on processes, policies, and overall business strategy while collaborating with key internal stakeholders to gather insight and feedback.

+ Review and provide credible challenge of all potentially impacted business specific processes' Impact assessments and a reasonableness check of subsequent implementation action plans, escalating, as necessary.

+ Support LOBCO and/or LECO in reviewing the required components of the implementation plans and validating closure.

+ Execute a strategy to review and summarize laws, rules, and regulations into clear, concise bundles.

+ Provide review, approval, and credible challenge in mapping the Obligations, Supervisory Guidance, and Publications to business-specific processes, and in mapping controls to relevant business-specific process.

+ Leverage various compliance technology systems such as CUBE, Service Now and other GRC tools.

+ Recognize when a risk, issue, or incident requires escalation to higher levels of management or external partners, facilitating timely decision-making and appropriate mitigation actions across the organization.

+ Application of relevant general laws, regulations, and standards affecting risk management of large banks to include regulatory frameworks and expectations - Support in establishing monitoring mechanisms to track the implementation of regulatory changes and ensure ongoing compliance, including preparing reports for senior management.
** Library Management Laws, Rules, and Regulations*
* + Support the management and maintenance of processes in managing the inventory of globally applicable laws, rules, and regulations according to a risk-based approach which may include regulatory change management processes, regulations inventory, regulations mapping and oversight and reporting as applicable.

+ Perform quality-control checks for completeness, accuracy, duplicates and alignment across source and target systems; document exceptions and remediation.

+ Maintain and reconcile Laws, Rules and Regulations (LRR) inventory records, including jurisdictions, issuing bodies, citations, effective dates, applicability, ownership and related metadata.

+ Support creation,…