At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity, employees work in an environment where they can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective.
With our expertise, we are not only creating data and information, but also producing timely insights from every angle to influence decision making in this ever changing and highly competitive market. We have a relentless hunger to innovate and unlock the power of human insights and to drive value for our customers. There has never been a better time to make an impact and we invite you to join us on this journey.
Fitch's European Structured Finance team maintains existing ratings and assigns ratings to new structured finance transactions. Fitch currently rates Structured Finance transactions across four main asset classes: Asset Backed Securities, Residential Mortgage Backed Securities, Commercial Mortgage Backed Securities and Structured Credit. Fitch Ratings maintains surveillance on over 1,500 European structured finance transactions. The structured credit team assigns ratings to corporate loan securitisations including leveraged loan CLOs and SME CLOs.#
We are currently seeking an Analyst to join the European ABS Team. The successful candidate will be part of a team of analysts and will contribute towards the rating of consumer ABS transactions. The team analyses transactions in line with Fitch's rating criteria and provides high quality credit opinions to investors and other market participants.
The role encompasses:
Implementing cash flow modelling;
Reviewing transaction legal documents;
Conducting on-site reviews of underwriting and servicing practices of originators
Preparing rating proposals for presentation to internal rating committees;
Communicating rating rationale to investors and other market participants through presale reports, presentations, research and meetings;
Communicating with transaction arrangers and originators to understand asset characteristics and structural features of the transactions and
Support in the development of criteria and supporting research.
Fitch Ratings supports its analysts with internal training through the Fitch Credit Academy. Analysts are expected to study Structured Finance modules, participate in internal training sessions and pass various assessments according to their level of experience. Fitch also requires analysts to participate in training on its policies and procedures.
Required Knowledge and Behaviours
Highly motivated with a strong desire to perform credit analysis
Highly numerate and analytical, with a high level of proficiency in using Excel (candidates will be asked to complete an Excel test)
Strong written and oral communication skills in English
Ability to review, understand and analyse legal transaction documents from a credit risk perspective (no formal legal experience required)
Analytical thinker who can apply methodologies appropriately and insightfully in reaching structured decisions. A later stage of the interview process will feature a case study.
Team player who can work collaboratively as part of a multi-cultural team with members in multiple locations
Strong attention to detail
Desired Knowledge and Behaviours
Relevant experience in credit analysis acquired (eg internships) at, for example, an accountancy firm, bank, consultancy, rating agency, specialist lender or trustee.
Ideally direct experience in securitisation or origination of consumer assets (auto leases / loans, unsecured loans, credit card receivables)
Other backgrounds will be considered, provided the candidate can demonstrate sufficient aptitude in the behaviours and skills detailed herein with clear motivation to work in Structured Finance at Fitch Ratings
Intellectually curious and inquisitive, with a willingness to challenge precedent
Fluency in other European languages
Strong organisational skills in completing and prioritising work
Fitch Group is a global leader in financial information services with operations in more than 30 countries. Wholly owned by the Hearst Corporation, we are comprised of three main businesses: Fitch Ratings | Fitch Solutions | Fitch Learning.
For more information please visit our websites: www.fitchratings.com | www.fitchsolutions.com | www.fitchlearning.com
Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch's credibility and reputation, our employees must take every precaution to avoid conflicts of interests or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.
Fitch is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.