Director-Risk Management, Commercial Rating and Underwriting

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.

How will you make an impact in this role?

How we serve our customers is constantly evolving and is a challenge we gladly accept. Whether you’re finding new ways to prevent identity fraud or enabling customers to start a new business, you can work with one of the most valuable data sets in the world to identify insights and actions that can have a meaningful impact on our customers and our business. And, with opportunities to learn from leaders who have defined the course of our industry, you can grow your career and define your own path. Find your place in risk and analytics on #TeamAmex.

Commercial Rating and Underwriting (CRU) sits within the Credit and Fraud Risk Management (CFR) division and supports the institutional credit risk management function within American Express. The CRU team plays the critical role of assessing and managing the risk of large institutional exposures across all business units within American Express, and in all regions globally.  Credit exposures are primarily generated through corporate and small business charge card programs, and via merchant relationships where non-delivery risk exists.  This team focuses on Amex’s largest credit exposures, whereas smaller commercial and consumer credit risks are generally measured by machine learnings models. CRU is led from Salt Lake City with regional teams in New York, London, Singapore, Sydney, Bangalore and Gurgaon. 

Key Responsibilities:

Directors in Commercial Rating & Underwriting (CRU) are responsible for overseeing managers who rate 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 rating model outputs. Assessment includes understanding of the need for credit extension, profitability of the relationship and program structures. CRU directors interact with various constituents across the firm including front office sales, business unit risk partners, and credit administration to perform their critical role.

Minimum Qualifications:

• Bachelor’s degree from in finance, accounting, economics, or statistics
• Minimum 7 years’ experience rating and / or underwriting at a leading financial institution or rating agency
• Expertise as a credit and underwriting decision maker dealing with commercial exposures ranging from small business or middle-market to large, multinational institutions
• 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
• Comfort with GAAP/IFRS accounting standards, corporate valuation, and forecasting
• Knowledge of how probability of default and loss given default determine economic capital
• Experience in determining appropriate credit capacity, structuring of facilities, and risk mitigation techniques
• Familiarity with quantitative credit models (such as Moody’s RiskCalc) and knowledge of how to interpret the outputs, and when deviation from the model has appropriate defense
• Comfort with public agency ratings and supporting analysis
• Understanding of current macroeconomic trends and how to provide 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
• Familiarity with banking regulations, particularly those imposed by Basel Committee on Banking Supervision
• Track record of collaborating and building relationships across organization
• Ability to lead large scale, time sensitive, enterprise-wide projects through to successful completion
• Proven ability to influence others to achieve complex objectives against tight deadlines
• Experience managing, training, and mentoring others

Preferred Qualifications:

• Graduate degree with a finance or business emphasis, or Chartered Financial Analyst (CFA) designation, is preferred

Salary Range: $130,000.00 to $205,000.00 annually + bonus + equity (if applicable) + benefits

The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we’ll consider your location, experience, and other job-related factors.

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 
• 6% Company Match on retirement savings plan 
• Free financial coaching and financial well-being support 
• Comprehensive medical, dental, vision, life insurance, and disability benefits 
• Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need 
• 20+ weeks paid parental leave for all parents, regardless of gender, offered for pregnancy, adoption or surrogacy 
• 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 opportunities

For a full list of Team Amex benefits, visit our Colleague Benefits Site.

American 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. American Express will consider for employment all qualified applicants, including those with arrest or conviction records, in accordance with the requirements of applicable state and local laws, including, but not limited to, the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance for Employers, and the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance. For positions covered by federal and/or state banking regulations, American Express will comply with such regulations as it relates to the consideration of applicants with criminal convictions.

We back our colleagues with the support they need to thrive, professionally and personally. That's why we have Amex Flex, our enterprise working model that provides greater flexibility to colleagues while ensuring we preserve the important aspects of our unique in-person culture. Depending on role and business needs, colleagues will either work onsite, in a hybrid model (combination of in-office and virtual days) or fully virtually.

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Employment eligibility to work with American Express in the United States is required as the company will not pursue visa sponsorship for these positions.