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Join Team Amex and let's lead the way together.
At American Express, we know that with the right backing, people and businesses have the power to progress in incredible ways. Whether we’re supporting our customers’ financial confidence to move ahead, taking commerce to new heights, or encouraging people to explore the world, our colleagues are constantly redefining what’s possible — and we’re proud to back each other every step of the way. When you join #TeamAmex, you become part of a diverse community of over 60,000 colleagues, all with a common goal to deliver an exceptional customer experience every day. 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.
Manager – Commercial Rating and Underwriting
Overview of The Department
Commercial Rating and Underwriting (CRU) sits within the Credit and Fraud Risk (CFR) 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 , Sydney and India.
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.
Job Responsibilities
The CRU Manager is responsible for independently determining credit rating of mid and large corporate borrowers across diversified industries through financial analysis, along with underwriting credit exposures. 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 the need for credit extension, profitability of the relationship and program structures.
Role will involve 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:
· Managing the team workflow and ensure timely completion of assigned activities and maintaining the productivity standards of the team,
· Ensure accuracy of underwriting decisions for himself/herself and the team
· Leading analyst(s) on Coaching & Development, Performance Management, Evaluation and Monitoring
· 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,
Critical Factors to Success (Outcome Driven):
Business Outcomes:
· Establish and maintain consistent standards and processes in the team in credit analysis through interaction with industry specialists and rating agency analysts
· Building strong relationships with counterparts across the firm including front office sales, business unit risk partners, and credit administration to perform their critical role,
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
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, Accounting Standards, Accounting treatment and Financial Adjustments
· Clear grasp of Corporate Finance concepts and their application
Location: Bengaluru/Hybrid, India
We back our colleagues and their loved ones with benefits and programs that support their holistic well-being. That means we prioritize their physical, financial, and mental health through each stage of life. Benefits include:
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.
Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations.