Credit Risk Manager-Risk Management

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 
• 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

Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations.

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.

We are hiring a Credit Risk Manager to work within our Commercial Rating and Underwriting (CRU) Team to cover the French market. CRU sits within the Credit and Fraud Risk 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 business card programs, working capital facilities, 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. 

How will you make a difference in this role?

Portfolio Managers in CRU are responsible for rating and underwriting of credit exposures in their assigned portfolio, overseeing quality of analyst's fundamental analysis, hold diligence meetings and monitor key exposures with strong credit expertise in assigned region and industry.

Fundamental analysis incorporates a thorough review of business, financial, industry and country risk coupled with support from rating model outputs. Assessment includes understanding of the need for credit extension, profitability of the relationship and program structures. CRU managers 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

• Fluency in French and/or other Western European language would be advantageous

• Understanding of French and European macroeconomic trends

• Thorough understanding of fundamental financial analysis including the ability to review corporate financial statements to determine the ability of the obligor to honour its credit obligations

• Comfortable with IFRS and French local 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 or S&P Capital IQ) and knowledge of how to interpret the outputs, and when deviation from the model output

• Comfortable with public agency ratings reports

• 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

• Specific industry expertise in travel (airlines, cruiselines, hospitality), financial institutions, or public finance

• Minimum 4 years' experience in rating and / or underwriting at a leading financial institution or rating agency

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.