At American Express, our culture is built on a 175-year history of innovation, shared values and Leadership Behaviors, and an unwavering commitment to back our customers, communities, and colleagues. As part of Team Amex, you'll experience this powerful backing with comprehensive support for your holistic well-being and many opportunities to learn new skills, develop as a leader, and grow your career.
Here, your voice and ideas matter, your work makes an impact, and together, you will help us define the future of American Express.
About the role:
The FX Exposure Identification CoE is part of the Middle Office Controllership team within Global Treasury Controllership Organization and is responsible for exposure identification & analysis pertaining to transactions arising from foreign currency transactions and equity translation exposure arising from AXPs foreign subsidiaries.
Responsibilities:
- Identify the foreign currency underlying exposure from Ledger transactions and support GTO in appropriately hedging the fx exposures.
- Prepare month end FX exposure adequacy packages for multiple markets to ensure adequate FX hedging across AXP.
- Accounting & Reporting of FX Trades to hedge the foreign exchange exposure resulting from cross-currency transactions within American Express Company and its
subsidiaries
- Lead & provide advisory support on companywide initiatives for items pertaining to FX accounting
- Support ongoing projects within the team
- Maintain accounting controls to ensure compliance with SOX, Bank Holding Company regulations, and AXP internal guidelines.
- Lead and participate in projects related to Treasury/Business partner driven initiatives by providing appropriate advisories on FX.
- Identify simplification and automation opportunities and work towards implementing them.
- Analyze the drivers that impact the P&L due to FX and implement controls to mitigate the fx impact.
Technical Skills/Capabilities:
- Strong Accounting skills including technical areas of ASC 830 (FAS 52) related to Currency Remeasurement & Translation and ASC 815 (FAS 133) related to FX Hedge Accounting, analysis and reporting
We back you with benefits that support your holistic well-being so you can be and deliver your best. This means caring for you and your loved ones' physical, financial, and mental health, as well as providing the flexibility you need to thrive personally and professionally:
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 opportunitiesAmerican 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.