Analyst - Corporate Functions Control Management, Process Risk Reduction Job in Gurgaon at American Express

American Express is hiring for the role of Analyst - Corporate Functions Control Management, Process Risk Reduction!

Responsibilities of the Candidate:

• Support identification and prioritization areas within BU processes that require risk reduction measures (e.g., assist in coordinating across First Line of Defense (1LoD) risk identification team)
• Assist with execution on process risk reduction, leveraging enterprise support as needed to ensure timely resolution of vertical and horizontal (i.e., within BU or across processes that extend beyond the BU) issues that are of highest priority and/or most significant impact to the enterprise
• Assist in conducting independent root cause analyses focused on identifying underlying process vulnerabilities to prevent potential Operational Risks (ORs), with a focus on the most common or high-risk issues and/or losses, based on comprehensive methodology (e.g., comprehensive risk-based prioritization) to prevent recurrence, and inform control design/ enhancement
• Support sharing insights on process risk issues and mitigation strategies
• Document control design effectiveness
• Monitor and track the implementation of process changes, ensuring they are effective in reducing risk and align with the risk appetite
• Document learnings from improving controls to elevate the process risk reduction capabilities within the BU and across the enterprise
• Foster a culture of risk awareness and ongoing improvement within the team and the broader organization.

Requirements:

• 1-2 Years experience in operational risk management (e.g., within Risk and/or Internal Audit function) Understanding of critical operational risk management lifecycle activities
• Project management, communication, and interpersonal skills 
• Experience in process governance, with an understanding of processes that align with policies, regulatory frameworks, and/or operational standards
• Analytical and problem-solving skills, with an ability to analyze data, identify trends, and evaluate risk scenarios effectively.