Structured Credit- Analyst/Associate Director (15321)

  • Competitive
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Fitch Ratings
  • 21 Jun 18 2018-06-21

Structured Credit- Analyst/Associate Director (15321)


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.

 

Fitch Solutions delivers credit market data, analytical tools and risk services to the global financial community. In addition to offering proprietary market-based content, Fitch Solutions distributes the ratings, research and financial data of Fitch Ratings through a variety of flexible platforms. With innovation and experience behind every solution, Fitch Solutions helps financial professionals meet the diverse and evolving needs of today's global markets.

 

Fitch Ratings and Fitch Solutions, along with Fitch Learning and BMI Research, are part of the Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is wholly-owned by Hearst.

 

Fitch Ratings and Fitch Solutions are an equal opportunity / affirmative action employer, complying with all laws governing employment in each jurisdiction in which operating, and provide equal opportunity to all applicants and employees. All qualified applicants will be considered without regard to race, color, religion, gender, national origin, age, disability, marital or protected veteran status, sexual orientation, gender identity and other status protected by applicable laws.

Department Overview

 

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 1,100 European structured finance transactions.

 

The structured credit team assigns ratings to corporate loan securitisations including SME CLOs and leveraged loan CLOs.

 

Job Description

 

We are currently seeking an Analyst/Associate Director Level Credit Analyst to join the European Structured Credit Team. The successful candidate will be part of a team of analysts rating leveraged loan CLOs. 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 default, recovery and cash flow modelling;

• Reviewing transaction documents

• On-site review of underwriting and servicing of transaction originators and CLO managers;

• Preparing rating proposals for presentation to internal rating committees;

• Communicating rating rationale to investors and other market participants through presale reports and presentations and meetings;

• Communicating with transaction arrangers and originators to understand asset characteristics and structural features of the transactions;

• Assist in 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.

 

Position Requirements

 

This is a demanding and exciting role so we are looking for highly motivated candidates. Knowledge of securitisation structures and in particular CLOs would be beneficial. Candidates will be highly numerate and analytical, with advanced Excel skills.  

 

A central element of the position is communicating your analysis, both internally and externally. Therefore candidates should have excellent written and oral communication skills in English.

 

#li-ac1

 

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