Associate Director, EMEA Leveraged Finance Group
Dual-headquartered in New York and London, Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective and insights we provide help investors to make important credit judgments with confidence.
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Fitch Ratings and Fitch Solutions, along with Fitch Learning, are part of the Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is a wholly owned subsidiary of New York-based Hearst Corporation . Department overview:
The European Leveraged Finance Group is responsible for supporting European corporate sector colleagues in providing initial and monitored public and private mandated ratings on speculative-grade European corporate issuers, principally issuers employing leveraged credit technology such as senior-secured loans, high yield bonds, second-lien loans, and senior-secured revolving credit facilities. In addition the ELFG team coordinates the monitoring and distribution of point-in-time Credit Opinions of approximately 200 European leveraged credits for Fitch rated Collateralised Loan Obligations and other private debt portfolio platforms.
EFLG analysts often work in tandem with sector-specialised colleagues in the European Corporates group, supporting initial transactions, providing updates on European leveraged credit developments and conducting internal and external training and outreach. The ELFG also publishes widely-read periodic and ad hoc research and commentary on the European leveraged markets and presents regularly at conferences and on tours to the European leveraged credit banking, issuer and investor communities. Responsibilities:
Based in the EU or London and reporting to the team head, the successful candidate will contribute to the Group's activities in the leveraged/sub-investment grade research and rating arena across both mandated ratings and credit opinions with principal focus on market themed research. The successful candidate will demonstrate analytical command over the full range of debt products, including leveraged loan products, hybrid debt and high yield bonds.
In addition to a modest portfolio of Credit Opinions and mandated Rating assignments, the successful candidate will support sector teams on new high yield analytical ratings, and support regional Business, Relationship and Management (BRM) colleagues with analytical outreach to leading regional financial sponsor, arranger, investor and issuer community. The candidate will be required to foster a strong sense of team work with ELFG and European Corporate sector colleagues.
The Group's focus on the evolving and challenging leveraged credit markets in Europe makes this an extremely dynamic environment in which to work, requiring regular and effective dialogue with other Fitch departments, including Structured Finance and Corporates, as well as an ability to communicate effectively with issuers, investors, bankers, journalists and other market professionals. Qualifications and experience:
The ideal candidate will have proven and relevant analytical experience with strong credit, financial modelling, management and communication skills a pre-requisite. The successful candidate will be expected to have had substantial experience in the European leveraged credit markets, preferably in an analytical role with a strong professional network. The successful candidate will have strong written and verbal communication skills and the ability to manage internal and external relationships effectively. Familiarity with legal documentation and structures is expected.
The successful candidate will need to integrate quickly into the ELFG, rapidly assimilating our methodological approach to credit ratings.
Working knowledge of another European language is desirable though not necessary. Application:
To apply please submit a cover letter and most recent CV including remuneration details, via the enclosed links.
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