Quantitative Analyst / Senior Analyst - NY
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, creed, religion, gender, national origin, ancestry, citizenship status, age, disability, marital or veteran status, sexual orientation, gender identity and other status protected by applicable laws.
The Model Validation Group (MVG) is part of the Criteria Review and Approval Group and sits within the Credit Policy Group (CPG). The core objective of the department is to ensure the quality and consistency of Fitch's ratings with its credit rating criteria. The MVG team focuses on reviewing and validating all models used in the credit rating analysis across Fitch Ratings and works closely with the Criteria Officers to achieve CPG's objective.
In this position, you will have the opportunity to review various types of credit rating models, such as default models, cashflow models, capital models, regression models covering asset classes of ABS, CMBS, Covered Bond, RMBS, Structured Credit, corporates, financial institutions, insurance, sovereigns, etc. You will be teamed up with more experienced validation analysts to review model codes, build replica models, conduct comprehensive testing, discuss review observations with the model owners and developers, and write review reports. Through these reviews, you can gain valuable credit modelling and validation experience. You will also gain a good understanding about the related credit products, their rating methodology and criteria. You can also develop good knowledge of model governance framework, practices and the regulatory environment.
- Master's Degree in quantitative disciplines
- Quantitative and financial modelling experience
- Exposure to Python, R, C++, XML or database is a plus
- 0 - 3yrs experience in financial modelling
- Capable to explain and communicate model review observations and model technical aspects clearly
- Self-motivation and ability to manage timelines across multiple projects
- Thorough attention to detail
- Strong work ethic
- Previous exposure to credit rating analysis or credit modelling a plus
- Strong interest in structured finance preferred
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 .