Overview of The Department
Commercial Rating and Underwriting (CRU) is 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 JAPA is led from Singapore covering JAPA (Japan, Asia Pacific and Australia), with direct reporting line into Global Head of CRU in Salt Lake City, USA. In addition to determining the internal credit rating which drives the probability of default of each exposure, CRU also underwrites card programs. As a bank holding company, American Express must comply with the highest global banking standards set by Basel and implemented by the bank’s primarily regulatory, the Federal Reserve.
Analyst in CRU are responsible for rating and underwriting credit exposures in their assigned region, industry, and business line. This position covers the Greater China market. Fundamental analysis incorporates a thorough review of business, financial, industry and country risk coupled with support from internal and external rating model outputs. Assessment includes understanding of the need for credit extension, profitability of the relationship and program structures. CRU analyst interact with various constituents across the firm including front office sales, business unit risk partners, and credit administration to perform their critical role.
- Experience as credit risk analyst, dealing with commercial exposures ranging from SME or middle-market to large, multinational institutions having worked in banks in China or Chinese banks based in Singapore.
- Experience in determining appropriate credit capacity, structuring of facilities, and risk mitigation techniques
- Thorough understanding of fundamental financial analysis including the ability to review corporate financial statements to determine the ability of the obligor to honor its credit obligations.
- Strong knowledge of Corporate Guarantee process in China.
- Ability to understand current macroeconomic trends, and making respective sound recommendations to improve the PD estimation based on the business cycle
- Experience preparing company-specific and industry-wide credit memorandums
- Excellent judgment in making sound rating and underwriting decisions to maximize profitability and mitigate risk
- 2-4 years experience rating and / or underwriting at a leading financial institution in China or Chinese banks based in Singapore. Ability to read Chinese financials is preferred.
- Bachelor’s degree from a top tier university and a degree in finance, accounting, economics, or statistics
- Graduate degree with a finance or business emphasis, or Chartered Financial Analyst (CFA) designation, is a plus
Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations.
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Schedule (Full-Time/Part-Time): Full-time
Date Posted: May 20, 2020, 4:24:11 AM