Campus Undergraduate - 2025 Credit & Fraud Risk, Commercial Rating & Underwriting Summer Internship Salt Lake City, UT
You Lead the Way. We’ve Got Your Back.
With the right backing, people and businesses have the power to progress in incredible ways. When you join Team Amex, you become part of a global and diverse community of colleagues with an unwavering commitment to back our customers, communities and each other. Here, you’ll learn and grow as we help you create a career journey that’s unique and meaningful to you with benefits, programs, and flexibility that support you personally and professionally.
At American Express, you’ll be recognized for your contributions, leadership, and impact—every colleague has the opportunity to share in the company’s success. Together, we’ll win as a team, striving to uphold our company values and powerful backing promise to provide the world’s best customer experience every day. And we’ll do it with the utmost integrity, and in an environment where everyone is seen, heard and feels like they belong.
Join Team Amex and let's lead the way together.
Business Unit/Role Specific Info
Commercial Rating and Underwriting (CRU) sits within the Credit and Fraud Risk division within American Express. The CRU team plays the critical role of 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.
How Will You Make an Impact in This Role?
Interns in CRU are responsible for rating and underwriting credit exposures in their assigned region, industry, and business line. Fundamental analysis incorporates a thorough review of business, financial, industry and country risk coupled with support from internal and external rating model outputs. Assessment includes understanding of the need for credit extension, profitability of the relationship and program structures.
Minimum Requirements
- Currently enrolled in a full-time undergraduate degree program
- Preference for students who have a graduation date between December 2025 and June 2026
Preferred Requirements
- Understanding of fundamental financial analysis including the ability to review corporate financial documents to determine the ability of the obligor to honor its credit requirements
- Comfortable with GAAP/IFRS accounting standards, corporate valuation, and forecasting
- Comfortable with public agency ratings and supporting analysis
- Understanding of current macroeconomic trends and how to provide recommendations to improve the probability of default (PD) estimation based on the business cycle
- Experience preparing company-specific and industry-wide credit memorandums
- Familiarity with global markets (foreign language ability a plus)
- Confident and persuasive written and verbal communicator
- Student working on a bachelor’s a degree or substantial coursework in finance, accounting, economics, or statistics a plus
Our team will review completed applications on a rolling basis. We appreciate your patience while we consider your application and will be in contact with you.
Our team will review completed applications on a rolling basis. We appreciate your patience while we consider your application and will be in contact with you.
Apply now!
In order for your application to be considered, please complete the below steps:
- Click on the link below and select “Apply”
- Create a new username and password
- Complete and submit your application
JOB LINK: https://aexp.eightfold.ai/careers/job/24278196
Salary Range: $24.05 to $63.00 hourly + sign-on bonus
The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we’ll consider your location, experience, and other job-related factors.
Employment eligibility to work with American Express in the United States is required as the company will not pursue visa sponsorship for these positions
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:
- Competitive base salaries
- Flexible work arrangements and schedules with hybrid and virtual options with Amex Flex
- Free access to global on-site wellness centers staffed with nurses and doctors (depending on location)
- Free and confidential counselling support through our Healthy Minds program
- Career development and training opportunities
For a full list of Team Amex benefits, visit our Colleague Benefits Site.
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.
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.
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