Director-Compliance

Director-Compliance

Phoenix, AZ, United States

Charlotte, NC, United States

Sunrise, FL, United States

Sandy, UT, United States

(Hybrid)

** Job Description*
* ** Director, Compliance Officer - U.S. Credit & Fraud Risk*
* This position will play a key leadership position as a line of business compliance officer within the Global Compliance & Ethics organization providing compliance oversight over the U.S. operations of the Credit and Fraud Risk organization (CFR) at American Express.

As the Director of Compliance, U.S. CFR, the successful candidate will lead a team responsible for providing independent compliance oversight and second-line effective challenge to help ensure the business is building, enhancing, and maintaining an effective framework for compliance with applicable internal policies, laws, regulations.

** Responsibilities*
* Specific responsibilities will include, but are not limited to, the following:

+ Lead the engagement and effective challenge with CFR business stakeholders on compliance/regulatory requirements applicable to projects, strategies and credit, fraud, marketing and AI and Gen AI models.

+ Review and provide oversight on activities related to compliance risk management and strategies in all aspects of the credit lifecycle, both for Card and non-Card lending, for Consumer and Commercial products from underwriting, eligibility criteria, spend limits, credit bureau reporting through collections, settlements, disputes, fraud prevention, and any issue management.

+ Active participation during CFR councils and other planning meetings to provide effective challenge with respect to new, existing, and changing products, services and capabilities to confirm that appropriate compliance processes and controls are put in place to mitigate compliance risk.

+ Manage a team of Compliance professionals to deliver on CFR's U.S. compliance program, including Compliance Risk Assessment (CRA) and Regulatory Change and Inventory Management (RCIM) and provide oversight, advise, and challenge on business owned Key Risk Indicators (KRIs) and Regulatory Business Self Testing (RBST) where required. Develop and retain talent to maintain a strong team and motivate colleagues to achieve career goals, as well as to promote collaboration and information sharing to make decisions more effectively.

+ Effectively collaborate and maintain strong relationships with colleagues across GCE, second line oversight teams in Global Risk & Compliance organization, key subject matter experts such as General Counsel's Organization, and other stakeholders across the Blue Box.

+ Support the Compliance Issue Management process and ensure appropriate decisioning of Compliance issues, timely closure of gaps and customer remediation where required.

+ Support regulatory examinations, internal audit reviews, Compliance monitoring and testing, and related efforts where required.

+ Coordinate the team's efforts in executing on the CRA, which includes the review of legal inventories, ensuring all applicable laws and regulations are mapped to the applicable business units, the creation of assessment points, assess the strength of and provide oversight of the control environment, communication of results to business partners, review creation of action plans and follow up on closing identified gaps.

+ Support execution and implementation of compliance oversight activities, including monitoring and assurance, record keeping, data and trends analysis, customer outcome assessments, and disparate impact analysis, as required.

+ Promote the usage of industry and internal best practices and incorporating regulatory feedback to drive continuous improvement.

** Qualifications*
* + Essential regulatory knowledge of U.S. credit laws and regulations, including Unfair or Deceptive, or Abusive Acts or Practices (UDAAP), Equal Credit Opportunity Act (Reg

B), Fair Credit Reporting Act (FCRA), as well as Fair Debt Collection Practices Act (FDCPA), Truth in Lending Act-TILA (Reg Z), Reg V, Fair Lending, Service members Civil Relief Act (SCRA) and Military Lending Act (MLA), privacy, emerging AI regulations and other applicable federal and state regulations.

+ Ability to research, assess and determine regulatory impact to business systems, processes and initiatives.

+ Excellent collaboration and teamwork skills and ability to work well in cross-functional team settings in a fast-paced environment to drive business results, utilizing related project management skills, employing creative thinking, and the ability to work on competing priorities, adapting easily to frequent change.

+ Effective verbal and written communication skills, including the ability to persuade and influence a broad spectrum of constituents at multiple levels.

+ Strong interpersonal skills and ability to effectively interact at multiple levels within the organization and with external counter parties.

+  Ability to understand and integrate details of business operational/systemic environment in applying legal and…