Manager- Risk Management

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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

Benefits include:

• Competitive base salaries
• Bonus incentives
• Support for financial-well-being and retirement
• Comprehensive medical, dental, vision, life insurance, and disability benefits (depending on location)
• Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
• Generous paid parental leave policies (depending on your location)
• 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