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With the right backing, people and businesses have the power to progress in incredible ways. When you join Team Amex, you become part of a global and diverse community of colleagues with an unwavering commitment to back our customers, communities and each other. Here, you’ll learn and grow as we help you create a career journey that’s unique and meaningful to you with benefits, programs, and flexibility that support you personally and professionally.

At American Express, you’ll be recognized for your contributions, leadership, and impact—every colleague has the opportunity to share in the company’s success. Together, we’ll win as a team, striving to uphold our company values and powerful backing promise to provide the world’s best customer experience every day. And we’ll do it with the utmost integrity, and in an environment where everyone is seen, heard and feels like they belong.

Join Team Amex and let's lead the way together.

Function Description:

Analyst Compliance will report directly into the Manager/ Director, Compliance for American Express Banking Corp. and will work with Regulators, External Advisors, Compliance teams in India and internationally as well as business teams across the Bank and its affiliates.

Responsibilities:

 

·       Relationship Management with RBI and the industry

·       Build strong relationships with various RBI departments (DOS, DPSS, DOR, CSITE and others) to understand RBI expectations of AEBC India and provide guidance to internal stakeholders

·       Leverage industry knowledge to provide guidance to AEBC India regarding its proposals, communications to be sent to the regulators

·       Coordinate RBI audits / exams to ensure the exam is well managed and any regulatory findings are closed to the RBI’s satisfaction

 

Regulatory Change Management

·       Analyze impacts of proposed regulation to AEBC based on knowledge of RBI’s regulatory expectations. Provide input to AEBC’s responses in the form of proposals or position papers.

·       Provide guidance to internal stakeholders on interpretation of regulations and guidelines issued by various regulators

·       Provide guidance and support to business team in development of controls for new product/ service projects

·       Regulatory Risk Assessment

·       Leveraging external information to identify key regulatory risks for AEBC India based on the status of its internal control environment & Governance

·       Provide compliance perspective on AEBCs policies and procedures

·       Contribute to Compliance Assessment of quarterly and annual Control & Compliance Rating of AEBC

 

Purpose of the role:

 

·       Develop and maintain an effective compliance program consistent with local market's requirements

·       Ensure that business activities are aligned to American Express Company compliance
program and local regulations in local market

·       Promote and disseminate compliance information, encourage behaviors that integrate compliance values into business practices and continually reinforce personal responsibility for compliance to all staff

·       Implement policies and procedures to achieve compliance at levels consistent with company standards

·       Develop and revise local business procedures in line with relevant company policies and local requirements

·       Develop compliance training program for the market and ensure training program is executed

 

 

Critical Factors to Success:

 

·       Develop relevant compliance training materials and assist management in promoting staff awareness of compliance requirements, in partnership with the designated compliance champions and training department as appropriate and ensure available resources to support execution

·       Review and monitor (leveraging on subject matter experts and/or other professional, as appropriate) local market's blue box business activities to assess adherence to compliance standards and report deficiencies (gaps reporting) to management for corrective actions

·       Maintain central repository of all legal entity line of business compliance manuals, policies, local legal inventory, and central list of all governing status, regulation, policies and other material related to respective compliance

·       Performing other duties as assigned

 

Academic Background:

 

·       Post Graduate degree from a recognized university (MBA)

·       CAIIB/CA/CS/LLB/LLM/Doctorate or any combination of relevant education and experience and/or related professional designations/certifications in this field are highly desirable

·       CISA / CIA Certification

 

Past Experience:

 

·       8+ years of work experience as a subject matter expert in Regulatory Compliance within large banks or payment operators

·       Understanding on Network and Credit Card Regulations from RBI

·       Knowledge on Cyber Security related Regulations from RBI

·       Experience in working with regulatory bodies will be an added advantage

 

We back our colleagues and their loved ones with benefits and programs that support their holistic well-being. That means we prioritize their physical, financial, and mental health through each stage of life. Benefits include:

Competitive base salaries  Bonus incentives  Support for financial-well-being and retirement  Comprehensive medical, dental, vision, life insurance, and disability benefits (depending on location)  Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need  Generous paid parental leave policies (depending on your location)  Free access to global on-site wellness centers staffed with nurses and doctors (depending on location)  Free and confidential counseling support through our Healthy Minds program  Career development and training opportunities

American Express is an equal opportunity employer and makes employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability status, age, or any other status protected by law.  

Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations.