Director, U.S. Supervisory Affairs
American Express
Director, U.S. Supervisory Affairs
American Express
Issues credit cards and runs a payment network
The Global Government Affairs group within the General Counsel’s Organization seeks a Director, U.S. Supervisory Affairs to support a range of high-priority engagements with the federal banking regulators that oversee American Express, including the Federal Reserve Bank of New York (FRB), Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC). The U.S. Supervisory Affairs team is responsible for managing those supervisory relationships and driving excellence across supervisory engagements. The team supports the end-to-end lifecycle of regulatory supervision, including exams and remediation of regulatory findings, as well as routine monitoring interactions and ad hoc engagements.
This Director role is a highly visible and strategic position with significant and regular interaction with senior leaders across the company. By providing guidance on supervisory focus areas and expectations, the successful candidate will help drive a cohesive approach to supervision and ensure the company is well-positioned to demonstrate adherence to those expectations. When engagements result in regulatory findings, this individual will continue to work closely with stakeholders as they implement change.
The U.S. Supervisory Affairs team is organized by risk profile areas to enable specialization, focus, and dedicated attention to the applicable internal teams and corresponding regulators. The areas supported by this Director are likely to include Enterprise Risk Management, Operational Risk Management, the Internal Audit function, and the governance of American Express National Bank. Partnership and collaboration across the broader U.S. Supervisory Affairs team allows for exposure to other risk areas and stakeholder groups.
Minimum Qualifications:
Responsibilities:
Salary Range: $123000 - $215250 annually + bonus + equity (if applicable) + benefits
Issues credit cards and runs a payment network
American Express issues credit and pay-in-full charge cards to consumers and businesses, and unlike most card issuers it also runs the payment network its cards use. Its Travelers Cheque, launched in 1891, made carrying money abroad safer, and in 1959 it became the first major issuer of plastic cards. Cardholders earn points toward flights and hotels plus perks such as airport lounges, while companies use its corporate cards for employee travel and expenses. American Express earns a fee from merchants on each purchase, plus annual fees and interest on balances cardholders carry. Henry Wells and William Fargo, who later started Wells Fargo, co-founded it in 1850 as a freight delivery business; it is based in New York City.
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