Manager - Commercial Rating & Underwriting

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Job Description

Why American Express?

There’s a difference between having a job and making a difference.American Express has been making a difference in people’s lives for over 160 years,

backing them in moments big and small, granting access, tools, and resources to take on their biggest challenges and reap the greatest rewards.


We’ve also made a difference in the lives of our people, providing a culture of learning and collaboration, and helping them with what they need to succeed and thrive. We have their backs as they grow their skills, conquer new challenges, or even take time to spend with their family or community. And when they’re ready to take on a new career path, we’re right there with them, giving them the guidance and momentum into the best future they envision. 

Because we believe that the best way to back our customers is to back our people.


The powerful backing of American Express.

Don’t make a difference without it.

Don’t live life without it.


Function Description:
Commercial Rating and Underwriting (CRU) sits within the Risk and Information Management 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 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 calculates the loss given default of these obligors while underwriting 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.

The CRU Manager is responsible for independently determining credit rating of mid and large corporate borrowers across diversified industries through fundamental analysis, along with underwriting credit exposures in their assigned region, industry, and business line. While fundamental analysis incorporates a thorough review of industry, business, financial and country risk coupled with support from internal and external rating model outputs, credit underwriting includes understanding of the need for credit extension, profitability of the relationship and program structures.

A CRU Manager’s role also involves ongoing management and continuous monitoring of portfolio hygiene as well as conducting research and analysis to develop industry/sector expertise and knowledge. Further responsibilities will include, but not be limited to: -
•Establish and maintain consistent standards and processes in credit analysis through interaction with industry specialists and rating agency analysts,
•Leading analyst(s) within the assigned industries/ market (Coaching & Development, Performance Management, Evaluation and Monitoring),
•Building strong relationships with counterparts across the firm including front office sales, business unit risk partners, and credit administration to perform their critical role,
•Overall responsibility for both Credit Rating & Underwriting and Industry Analysis for each of the analysts in the team,
•Managing the team workflow and ensure timely completion of assigned activities and maintaining the productivity standards of the team,
•Attend internal and external stakeholders’ meetings where appropriate to support business outcomes.
•Be current on all firm-wide risk policies and ensure all governance, reporting and data quality requirements are met and maintained for borrowers and borrower groups,

Purpose of the role:
To profitably grow commercial portfolio and minimize outsized credit losses.

Critical Factors to Success (Outcome Driven):
Business Outcomes:
•Ensure rating accuracy and continuous monitoring of assigned portfolio of corporate borrowers,
•Actively manage credit exposure to borrowers in assigned portfolio and recommend timely corrective action in line with changing credit profile of the borrowers.

Leadership Outcomes:
•Put enterprise thinking first, connect the role’s agenda to enterprise priorities and balance the needs of customers, partners, colleagues & shareholders.
•Lead with an external perspective, challenge status quo and bring continuous innovation to our existing offerings
•Demonstrate learning agility, make decisions quickly and with the highest level of integrity
•Lead with a digital mindset and deliver the world’s best customer experiences every day 

Minimum Qualifications

Past Experience 
8-10 years with relevant experience gained in Corporate Credit & Risk Management function of a Corporate or Institutional Bank with minimum 3 years of experience as an approving authority and people leader.

Academic Background
•MBA from Top Tier B-School or professional qualification in Accountancy,
•Professional qualifications like Chartered Financial Analyst (CFA) and/or Financial Risk Manager (FRM), is a plus.

Functional/ Technical skills:
•Robust understanding of Financial Statements including Ratio Analysis, Cash Flow Analysis, Indian Accounting Standards, Accounting treatment and Financial Adjustments
•Solid network and connections within Indian Banking industry.
•Clear grasp of Corporate Finance concepts and their application

Behavioral skills
Enterprise Leadership Behaviors
•Set The Agenda: Define What Winning Looks Like, Put Enterprise Thinking First, Lead with an External Perspective
•Bring Others With You: Build the Best Team, Seek & Provide Coaching Feedback, Make Collaboration Essential
•Do It The Right Way: Communicate Frequently, Candidly & Clearly, Make Decisions Quickly & Effectively, Live the Blue Box Values, Great Leadership Demands Courage

ReqID: 20005257
Schedule (Full-Time/Part-Time): Full-time
Date Posted: May 22, 2020, 1:13:45 AM