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Salt Lake City, Utah - USD Full Time Posted: Sunday, 13 August 2017
Overview of TheDepartment:

Central Rating and Underwriting (CRU) sits within the Risk andInformation Management division and forms the institutional credit riskmanagement function within American Express. The CRU team plays the criticalrole of assessing and managing the risk of institutional exposures across allbusiness units within American Express, and in all regions globally. Credit exposures are primarily generatedthrough corporate and small business card programs, via merchant servicerelationships where non-delivery risk exists, and among the securitiesportfolio 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 drivesthe probability of default of each exposure, CRU also calculates the loss givendefault of these obligors while underwriting card programs. As a bank holdingcompany, American Express must comply with the highest global banking standardsset by Basel and implemented by the bank's primarily regulatory, the FederalReserve.


. Analysts in CRU are responsible for rating and underwriting credit exposuresin their assigned region, industry, and business line.

. Fundamental analysis incorporates a thoroughreview of business, financial, industry and country risk coupled with supportfrom internal and external rating model outputs.

. Assessment includes understanding of the needfor credit extension, profitability of the relationship and program structures.


. Experience as a credit analyst or underwriter dealing withcommercial exposures ranging from small business or middle-market to large,multinational institutions

. Thorough understanding of fundamental financial analysis includingthe ability to review corporate financial statements to determine the abilityof the obligor to honor its credit obligations

. Comfort with GAAP/IFRS accounting standards, corporate valuation, and forecasting

. Familiarity with quantitative credit models (such as Moody's RiskCalc, CreditEdge, etc) and knowledge of howto interpret the outputs, and when deviation from the model has appropriatedefense

. Comfort with public agency ratings and supporting analysis

. Understanding of current macroeconomic trends and how to providerecommendations to improve the PD estimation based on the business cycle

. Experience preparing company-specific and industry-wide creditmemorandums

. Familiarity with global markets (foreign language ability a plus)

. Specific industry familiarity in travel (airlines, cruiselines,hospitality), financial institutions, or public finance


. 0-2 years experience ratingand/or underwriting at a leading financial institution or rating agency

. Bachelor's degree required. Preference if degree is from a top tier university with high GPA and adegree (or substantial coursework) in finance, accounting, economics, orstatistics

. Chartered Financial Analyst program candidacy a plus

Depending on factors such as business unit requirements, the nature of the position, cost and applicable laws, American Express may provide visa sponsorship for certain positions.


Schedule (Full-Time/Part-Time): Full-time

Posted by StartWire

Salt Lake City, Utah, United States of America
American Express
American Express
8/13/2017 5:04:30 AM

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Salt Lake City, Utah