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Job Description

The Model Risk Management Group (MRMG) is responsible for oversight of model risk and governance over machine learning usage enterprise wide. The role will be primarily responsible for the review of credit risk, fraud risk, and line management models. The responsibilities of the individual are also to ensure that there is an elevation of modeling as well as fulfilling regulatory requirements for model risk management. This is a highly competitive role and one that ensures the individual achieves maximum potential intellectually as well as for the company.

Responsibilities

This role will report to a director in MRMG. The specific responsibilities include:

  • Oversee credit risk, fraud risk, and line management models which include evaluating conceptual soundness, data quality, performance validation, and on-going monitoring
  • Document detailed model review reports and prepare for regulatory and internal audit reviews
  • Communicate model review results to business partners, senior leaders, and regulators
  • Evaluate machine learning algorithms and their application on models
  • Enhance governance framework to accommodate the evolving modeling techniques, model development, as well as model risk management

 

Qualifications

  • Advanced degree in quantitative fields
  • Hands-on modeling experience is preferred
  • The qualified candidate should have a good understanding of machine learning algorithms (e.g.,     gradient boosting machine, XGBoost, neural network), artificial intelligence, deep learning as well   as classic statistical modeling techniques and assumptions.
  • Experience in large data processing and handling is a plus—familiarity with big data platforms and   applications, such as Hadoop, Pig, Hive, Spark, AWS.
  • Must be skilled in coding using Python/R; additionally, Java, Scala, and C++ a plus.
  • Strong communication and written skills
  • Flexibility and adaptability to work within tight deadlines and changing priorities

Employment eligibility to work with American Express in the United States is required as the company will not pursue visa sponsorship for these positions. 

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  • Role Manager, Data Science
  • Experience 5-7 years
  • Education Bachelor Degree
  • Work type Hybrid
  • Location United States
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American Express
Financial Services & Fintech · 500+ Members · New York, NY, United States

American Express is a payments company based in New York. It issues credit and charge cards and runs its own card network, earning from card fees, merchant fees and lending.

All jobs at American Express

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Job Overview

Approx. salary range

177K – 215K

Our estimate — this employer did not publish a salary

Our estimate, not the employer’s. Worked out from the middle half of 12 comparable roles on Neural Jobs that did publish a salary, in the same field, country and experience band. The real figure for this job may be different.

Eligibility
United States Right to work in the United States required.
Workplace
Hybrid
Job Posted:
1 week ago
Job Type
Full Time
Education
Bachelor Degree
Experience
5-7 years

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