Business Unit/Role Specific Info
Credit and Fraud Risk (CFR) is a global function, responsible for making the right credit and fraud risk decisions that uphold operational excellence, drive growth, and accelerate innovation across American Express. CFR combines technology and infrastructure with new computing techniques to make better risk decisions and provide real-time customer communications and fraud servicing.
Commercial Rating and Underwriting (CRU) sits within the Credit and Fraud Risk (CFR) division within American Express. The Commercial Rating and Underwriting (CRU) team plays a critical role in assessing and managing the risk of institutional exposures across all business areas of 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.
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 align with the highest global banking standards set by the bank’s primary regulator, the Federal Reserve.
How will you make an impact in this role?
Rate and underwrite credit exposures within the assigned region, industry, and business line.
Conduct fundamental analysis through a thorough review of:
Business operations
Financial performance
Industry and country risk
Utilize outputs from internal and external rating models to support credit decisions.
Assess the need for credit extension by evaluating:
Relationship profitability
Program structures
Minimum Requirements
Currently enrolled in a full-time undergraduate degree program (Bachelors)
Expected graduation date between December 2027 and June 2028
Preferred Requirements
Student working on a bachelor’s degree or substantial coursework in finance, accounting, economics, or statistics a plus
Understanding of fundamental financial analysis including the ability to review corporate financial documents to determine the ability of the obligor to honor its credit requirements
Comfortable with GAAP/IFRS accounting standards, corporate valuation, and forecasting
Comfortable with public agency ratings and supporting analysis
Understanding of current macroeconomic trends and how to provide recommendations to improve the probability of default (PD) estimation based on the business cycle
Experience preparing company-specific and industry-wide credit memorandums
Familiarity with global markets (foreign language ability a plus)
Confident and persuasive written and verbal communicator
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. From delivering differentiated products to providing world-class customer service, we operate with a strong risk mindset, ensuring we continue to uphold our brand promise of trust, security, and service.
As part of Team Amex, you’ll experience our 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.
