Performance Coordinator - Structured Finance Operations - 12 month FTC
Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, an industry-leading provider of credit risk products and services; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.
Fitch complies with all laws governing employment in each jurisdiction in which it operates, and provides equal opportunity to all applicants and employees. All applications will be considered without regard to race, colour, religion, gender, national origin, age, disability, marital or veteran status, sexual orientation, and other status protected by applicable laws. Role: 1 year fixed term contract Department overview:
Fitch's Operations team supports the European Structured Finance team. The ESF team maintains existing ratings and assigns ratings to new structured finance transactions. Fitch currently rates Structured Finance transactions across five main asset classes: Asset Backed Securities(ABS), Residential Mortgage Backed Securities(RMBS), Commercial Mortgage Backed Securities(CMBS), Structured Credit and Covered Bonds.
Fitch Ratings maintains periodic surveillance on over 1,500 European structured finance transactions. Responsibilities:
The primary role of Performance Coordinator is to provide data and analytical support for Fitch's Structured Finance department as a member of the London-based Operations team. The group supports all of Structured Finance globally.
Key Performance Objectives:
- Collection of surveillance data to deadline
- Validation of surveillance data
- Analytical support - highlighting potential performance concerns to ratings' analysts
Core responsibilities will include:
- Managing the collection and processing of surveillance report data from external sources into internal applications/databases
- Monitoring the import of report data through bespoke tools with extensive use of VBA
- Validating data through the complete workflow cycle
- Building working relationships with ratings' analysts to review the data
- Preparing and adding new transactions
- Monitoring email inboxes and storing reports
- Writing and maintaining process documentation
Team members will be cross-trained across different securitisation asset classes providing an opportunity for a new starter to quickly develop an understanding of securitisation data. Qualifications and experience:
The successful candidate will be a self-starter and keen to learn. The candidate must be able to deliver to tight timelines and have competent computer literacy. An intermediate/advanced understanding of VBA would be an advantage. The role involves close interaction with Fitch colleagues in offices around the world; so excellent communication skills and a cooperative attitude are essential. The role also involves interaction with external parties (trustees and servicers) across multiple locations.
Diligence, attention to detail and logical thinking will be key skills of the successful candidate.
Whilst not essential, an understanding of the workings and development of the securitisation markets would be beneficial; an interest in finance is expected. An interest and aptitude for the application of information technology to improving systems would be advantageous.
Candidates may have recently completed full-time education or may have some years' relevant experience. A desire for continued professional development whilst in the position will be viewed favourably.
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 asked to declare any securities holdings and other potential conflicts for you and your Family Members prior to commencing employment. If you, or your Family Members, have any holdings that may conflict with your work responsibilities, they must be sold before beginning work. In certain roles, employees and their Family Members may be limited to investments in diversified mutual funds only.
For more information about this policy, please visit the code of ethics and conduct page - http://www.fitchratings.com/web/en/dynamic/about-us/code-of-ethics-and-conduct.jsp