Fitch Ratings

Senior Analyst / Associate Director- Structured Finance - Frankfurt

Fitch Ratings

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
300 W 57th St, New York, NY 10019
https://www.fitch.group/

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 encouraging an environment where employees can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective. Fitch is also committed to supporting its employees by advancing conversations around diversity, equity and inclusion.

Fitch’s Employee Resource Groups (ERGs) have been established by employees who have joined together as a workplace community based on similar backgrounds or life experiences. Fitch’s ERGs are available to connect employees with others within the organization to offer professional and personal support.

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.

Department overview:

The German team is responsible for assigning and maintaining the ratings of structured finance transactions, such as auto loan and lease securitisations, collateralised loan obligations including loans to small and medium sized as well as large entities and residential mortgage backed securitisations. The Structured Finance team is closely linked to the Covered Bonds team offering many opportunities for cross-group cooperation.

Responsibilities:

Based in Frankfurt you will focus on the rating analysis of new and existing structured finance transactions. The team covers various regions such as Germany, the Netherlands, Ireland, Scandinavia or Eastern Europe. Analysts will work closely with Fitch’s other European offices. During the first months you will undergo intense formal and on-the-job training supported by a mentor to acquire the skills for a successful rating analysis.

The nature of daily tasks will be rich in variety ranging from quantitative analysis to writing research reports and include:

  • Analysis of new transactions (eg collecting and analysing portfolio data, cash flow modelling, review of legal documentation, analysis of the transaction structure),
  • Analysis of existing transactions (eg performance analysis, cash flow modelling),
  • Communication with external parties involved in the rating process including management meetings,
  • Presentation of your analysis in rating committees,
  • Publication of credit analysis reports and press releases,
  • Participation in the publication of research on structured finance related market developments,
  • Participation in the development of rating criteria across products and regions.

Qualifications and experience:

You will possess a master degree or equivalent with a specialty in Finance, Economics, Economic Law, Maths or Statistical Sciences. Intern/Traineeships or professional experience within the banking industry are a plus.

Due to the nature of the role, numeracy and computer proficiency is a pre-requisite. You must be able to demonstrate strong analytical and problem solving skills. You should have strong written and verbal communication skills and an ability to formulate and deliver concise opinions, facts and arguments both verbally and in writing.

Fluency in English and advanced German are a prerequisite. Multicultural experience is a plus, such as time spent studying or working abroad.

Given the requirement for rating agencies to provide independent opinions, strength of character and discipline is required and you must be able to appreciate the wider regulatory environment in which Fitch operates.

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.

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