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American Express · 2 days ago

Director-Compliance : Head of Transaction Monitoring Coverage

New York, New York, United States

Full-time

Hybrid

Senior Level, Lead/Staff

$123K/yr - $215K/yr

8+ years exp

American Express is a company with a long history of innovation and a commitment to its customers and colleagues. The Director of Transaction Monitoring Coverage will oversee the assessment of risks and monitoring coverage associated with the company's products and services, managing a team to ensure compliance with AML regulations and enhance the transaction monitoring program.

Credit CardsFinanceFinancial ServicesPaymentsTravel

Comp. & Benefits

No H1B

Responsibilities

Support the Global Head of TM in managing the GFCC transaction monitoring coverage program, including identifying relevant money laundering (ML)/terrorist financing (TF) red flags, typologies, and emerging patterns. This individual will be responsible for implanting a program to maintain an up-to-date mapping of these risks to American Express products, services, and business segments to establish drive appropriate monitoring coverage

Lead the evaluation of identified automated and manual controls for their effectiveness in detecting the identified risks as part of the coverage assessment

Identifying and documenting findings, identified risks, and recommended enhancement to be shared with relevant stakeholders

Implement monitoring to identify ad-hoc coverage assessment needs, through the implementation of trigger event to review existing coverage

Drive and implement process for periodic reviews of non-automated alerted activity to identify emerging risks or coverage gaps

Monitor and control rule changes to ensure alignment with regulatory expectations, internal policies, and evolving risk typologies; develop and monitoring controls to ensure rule changes are implemented as designed

Prepare and contribute to regulatory engagement materials and meetings in connection with the TM program’s design, governance, and effectiveness

Collaborate closely with key stakeholders including the Financial Crimes Compliance Surveillance Unit, U.S. Investigations unit, Threat Assessment Group, Financial Crimes Data Science and Analytics Center of Excellence, Technology, Operations, Model Risk Management, and Business Line Compliance

Establish and maintain comprehensive documentation, metrics, and controls around rule performance, thresholds, and alert quality

Support and coordinate activities related to regulatory exams, audits, and internal reviews related to transaction monitoring design and governance

Provide expert recommendations to coverage and technology solutions, including business requirements and vendor selection

Maintain awareness of industry developments and regulatory expectations in AML transaction monitoring and financial crimes detection

Foster a culture of accountability, transparency, and continuous improvement

Qualification

AML complianceTransaction monitoring systemsRisk managementRegulatory knowledgeCross-functional leadershipInfluencing skillsCommunication skillsTeam managementDocumentation skills

Required

8+ years of experience in Financial Crimes Compliance, AML transaction monitoring, or related risk management roles in a large global financial institution

Proven expertise in AML transaction monitoring systems, coverage assessments, typology translation, alert generation, and model risk management

Strong knowledge and understanding of global regulatory expectations

Demonstrated ability to lead cross-regional and cross-functional teams

Strong communication and influencing skills; ability to interact with senior executives and regulators

Bachelor's degree or equivalent experience is required