Overview of The Department
Commercial Rating and Underwriting (CRU) sits within the Credit and Fraud Risk division and forms the institutional credit risk management function within American Express. The CRU team plays the critical role of assessing and managing the risk of institutional exposures across all business units within American Express, and in all regions globally. Credit exposures are primarily generated through corporate and small business card programs, via merchant service relationships where non-delivery risk exists, and among the securities portfolio held for firm-wide liquidity. CRU is led from Salt Lake City with regional teams in New York, London, Singapore and Sydney.
Positions in Risk Management lead the development of credit, operational, enterprise, and fraud policies designed to profitably grow the portfolio, while ensuring excellent customer experience. These policies utilize mathematical models and other techniques to understand and predict customer behavior. At the manager level, the employee does not have a people leadership role but is often viewed as an emerging expert in the field. Responsibilities include focusing on resolution of complex problems, conducting analyses, recommending changes to policies, and establishing procedures that affect immediate organization.
Managers in CRU are responsible for rating and underwriting credit exposures in their assigned region, industry, and business line. Fundamental analysis incorporates a thorough review of business, financial, industry and country risk coupled with support from internal and external model outputs. Assessment includes understanding of the need for credit extension, profitability of the relationship and program structures. Core responsibilities of the team include oversight of internal credit assessment, monitoring of public agency ratings, performing fundamental credit analysis, leading ongoing surveillance of issuers in the portfolio and working closely with internal teams that oversee business card programs. The candidate will also assist in advisement on other credit relationships American Express may have with related counterparties. The successful candidate for this position will work on a team within CRU that will monitor credit risk consisting mainly of corporate obligors.
- Expertise as a credit and underwriting decision maker with commercial exposures ranging from small business or middle-market to large, multinational institutions.
- Thorough understanding of fundamental analysis including the ability to review corporate financial statements to determine the ability of the obligor to honor its credit obligations.
- Comfort with GAAP/IFRS accounting standards, corporate valuation, and forecasting.
- Experience preparing obligor-specific and industry-wide credit memorandums, demonstrable ability to make judgments regarding credit, risk, and market knowledge that allows the Manager to determine the appropriate depth of analysis required for individual credits.
- Experience managing tasks with minimal direction and to make decisions in a short time frame with incomplete information.
- Ability to take initiative and work independently, as well as work closely with partners in a collaborative environment.
- Specific industry familiarity in corporate finance (manufacturing, travel sector or airlines and cruise lines).
- Develop subject matter expertise in the assessment of manufacturing counterparties.
- A minimum of five years of credit analytical experience working with small business or middle-market to large, multinational institutions is strongly preferred.
- Strong oral and written communications skills.
- Strong MS Office skills
- A graduate degree with an emphasis in finance is preferred.
- A Chartered Financial Analyst (CFA) designation is a plus.
Employment eligibility to work with American Express in the U.S. is required as the company will not pursue visa sponsorship for these positions.
Schedule (Full-Time/Part-Time): Full-time
Date Posted: Feb 8, 2019, 3:31:19 PM