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

American Express • Sandy, UT

16h • Onsite

About The Position

The Credit and Fraud Risk (CFR) division at American Express is responsible for making critical credit and fraud risk decisions to support operational excellence, growth, and innovation. Within CFR, the Commercial Rating and Underwriting (CRU) team assesses and manages institutional exposures globally. CRU, led from Salt Lake City with regional teams, determines internal credit ratings, calculates loss given default, and underwrites card programs, adhering to high global banking standards set by the Federal Reserve. This internship offers an opportunity to gain experience in credit risk assessment and underwriting within a leading financial institution.

Requirements

• Currently enrolled in a full-time undergraduate degree program (Bachelors)
• Expected graduation date between December 2027 and June 2028

Nice To Haves

• Student working on a bachelor’s degree or substantial coursework in finance, accounting, economics, or statistics a plus
• 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

Responsibilities

• Rate and underwrite credit exposures within the assigned region, industry, and business line.
• Conduct fundamental analysis through a thorough review of business operations, financial performance, and industry and country risk.
• Utilize outputs from internal and external rating models to support credit decisions.
• Assess the need for credit extension by evaluating relationship profitability and program structures.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern