Enterprise Risk Management and Risk Oversight Intern

October 17, 2024
$87000 / year

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Job Description

About American Express

American Express is a global company with a diverse community of colleagues who are dedicated to supporting their customers, communities, and each other. They are committed to helping their employees grow and build a career path that is meaningful to them. They offer benefits, programs, and flexibility to support their employees both personally and professionally.

American Express values contributions, leadership, and impact. They believe that every colleague has the opportunity to share in the company’s success. They strive to uphold their company values and promise to provide the world’s best customer experience every day. They are committed to building a culture of integrity where everyone feels seen, heard, and like they belong.

About the Global Risk & Compliance Organization (GRC)

The GRC independently oversees the company’s risk-taking and risk management activities. They are responsible for the comprehensive identification, management, and mitigation of risks within the company’s risk appetite. They ensure that the company operates in a safe, sound, and fully compliant manner within all applicable regulatory expectations. They create and maintain the overall risk management framework while ensuring legal and regulatory compliance.

GRC is committed to driving the company’s goals of growth and progress by creating a culture of awareness and proactivity around regulatory matters. They partner closely with business units across the enterprise to ensure they deliver maximum value to their shareholders and customers efficiently and effectively.

About the Role

This role is within the Enterprise Risk Management and Risk Oversight organization of the GRC. This team is responsible for:

• Managing American Express’s enterprise risk pillars through continuous review, monitoring, and testing across processes.
• Strengthening American Express’s risk management practices.
• Monitoring emerging risks across the industry.
• Providing oversight of key functions and risk stripes including:
• Market risk
• Liquidity and funding risk
• Third-party risk
• IT/IS risk
• Conduct risk
• Data risk

Skills and Experience

Required:

• Knowledge of risk management frameworks and regulatory requirements.
• Experience in financial risk analysis and risk management principles.
• Minimum 0-3 years of experience in Compliance or related activities across financial services.
• Demonstrated experience building, sustaining, and leveraging relationships.
• Strong work ethic, organizational skills, and attention to detail with excellent follow-up skills.
• Demonstrated willingness to take initiative and act decisively.
• Ability to think strategically and influence teammates on multiple, cross-functional teams.
• Positive, can-do attitude embracing a Growth Mindset.
• Project management skills with the ability to prioritize and multitask.
• Strong written and oral communication skills.
• Ability to organize, manage, analyze, and interpret large amounts of data to identify trends and themes.
• Proven ability to translate highly technical and complex information into easily understandable terms.
• Superior Microsoft Office skills with emphasis on Excel and PowerPoint.
• Strong interest in compliance-related activities or experience in financial services.
• Currently enrolled in a full-time master’s or Juris Doctor degree program.
• Graduation date between December 2025 and June 2026.

Preferred:

• Minimum 0-3 years’ experience in Compliance or related activities across financial services.
• Understanding and knowledge of bank laws and regulations, relevant compliance requirements, U.S. Bank systems and processes as well as related governance activities.
• Knowledge of relevant regulatory compliance requirements, preferably relating to regulated financial institutions and / or consumer products and AML/Anti-Corruption/BSA.
• Experience with audit, compliance, risk, regulatory management, law, marketing and product management, finance, technologies, or control-related functions.
• Experience with data and quantitative analytics.