Campus Undergraduate Summer Internship Program - 2027 Commercial Rating & Underwriting, Credit & Fraud Risk - Salt Lake City, UT

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.