Credit Analyst - Asset-Backed Securities, London (London, GB) at Fitch Group

Fitch Ratings is currently seeking an Analyst to join the European ABS Team based out of our London office.

Fitch is currently seeking a dedicated Credit Analyst to enhance our diverse team of financial professionals. As a global leader in credit ratings and research, we offer unparalleled insights that empower investors to make informed decisions. Take the next step in your career in finance where you will not only be valued for your analytical skills but also your unique perspective and background. 

Interested in learning more about how our analysts move markets? Visit: https://careers.fitch.group/content/Credit-Analysts/?locale=en_US

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 1,500 European structured finance transactions.

What We Offer:

• An open culture where employees can exchange ideas and perspectives irrespective of seniority.
• Embrace diversity and authenticity, encouraging employees to be their true selves.
• Opportunity to drive innovation and value for customers.
• Support for professional development through internal training sessions.

We’ll Count on You To:

• Implement cash flow modelling
• Review transaction legal documents
• Conduct on-site reviews of underwriting and servicing practices of originators
• Prepare rating proposals for presentation to internal rating committees
• Communicate rating rationale to investors and other market participants through presale reports, presentations, research and meetings
• Communicate with transaction arrangers and originators to understand asset characteristics and structural features of the transactions and
• Support in the development of criteria and supporting research.

What You Need to Have:

• High motivation with a strong desire to perform credit analysis
• Be highly numerate and analytical, with a high level of proficiency in using Excel (candidates will be asked to complete an Excel test)
• Strong written and oral communication skills in English
• Ability to review, understand and analyse legal transaction documents from a credit risk perspective (no formal legal experience required)
• Analytical thinker who can apply methodologies appropriately and insightfully in reaching structured decisions. A later stage of the interview process will feature a case study.
• Team player who can work collaboratively as part of a multi-cultural team with members in multiple locations
• Strong attention to detail

What Would Make You Stand Out:

• Relevant experience in credit analysis acquired at, for example, an accountancy firm, bank, consultancy, rating agency, specialist lender or trustee.
  • Ideally direct experience in securitisation or origination of consumer assets (auto leases / loans, unsecured loans, credit card receivables)
• Other backgrounds will be considered, provided the candidate can demonstrate sufficient aptitude in the behaviours and skills detailed herein with clear motivation to work in Structured Finance at Fitch Ratings
• Intellectually curious and inquisitive, with a willingness to challenge precedent
• Fluency in other European languages
• Strong organisational skills in completing and prioritising work

Why Fitch?

At Fitch Group, the combined power of our global perspectives is what differentiates us. Our global network of colleagues comes together to accomplish things greater than they ever could alone.

Every team member is essential to our business and each perspective is critical to our success. We embrace a diverse culture that encourages a free exchange of ideas, guaranteeing your voice will be heard and your work will have an impact, regardless of seniority.

We are building incredible things at Fitch and we invite you to join us on our journey.

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 have helped fund a century of growth and enables our clients to make important credit judgements with confidence.

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 Group is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law