Analyst, Model Development (London)

At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity encouraging an environment where employees can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective.  Fitch is also committed to supporting its employees by advancing conversations around diversity, equity and inclusion.  Fitch’s Employee Resource Groups (ERGs) have been established by employees who have joined together as a workplace community based on similar backgrounds or life experiences.  Fitch’s ERGs are available to connect employees with others within the organization to offer professional and personal support. 

With our expertise, we are not only creating data and information, but also producing timely insights from every angle to influence decision making in this ever changing and highly competitive market. We have a relentless hunger to innovate and unlock the power of human insights and to drive value for our customers. There has never been a better time to make an impact and we invite you to join us on this 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 judgments with confidence.

Model Development – Analyst

The Model Development Team at Fitch Ratings is looking for a quantitative analyst to develop and enhance credit rating models for Structured Finance, Corporates, Financial Institutions, Sovereigns, Public Finance and Infrastructure Finance sectors.

What We Offer:

• 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 you to make important credit judgments with confidence.

We’ll Count on You To:

• In this position, you will have the opportunity to analyze and assess credit risk/rating.
• You will be teamed up with other talented specialists to research, design, implement or enhance models, conduct comprehensive testing, and prepare model documentation.
• You will also have the opportunity to help other team initiatives such as trainings and user/client support.
• Through these projects, you will gain valuable knowledge of credit modelling, have a good understanding of rating methodology and criteria, and develop working knowledge of model governance framework and regulatory environment.

What You Need to Have:

• Advanced Degree (Master or PhD) in quantitative disciplines such as financial engineering
• Programming and model development experience in Python and/or R
• Experience in VBA is a plus
• Prior experience in credit risk or financial modelling is a plus
• Strong verbal and written communication skills; ability to convey technical concepts clearly
• Ability to solve problems using critical, rational and creative thinking
• Self-motivated with ability to manage timelines across multiple projects
• Strong work ethic and strong team player

What Would Make You Stand Out:

• Solid programming skills in R, Python, VBA
• Prior experience in credit risk or financial modelling
• CQF - nice to have but not required

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 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 is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.

UNITED STATES ONLY:  As part of its continued efforts to maintain a safe workplace for employees, Fitch requires that all employees who receive a written offer of employment on or after October 4, 2021 be fully vaccinated (as defined by the CDC) against the coronavirus by the first day of employment as a condition of employment, to the extent permitted by applicable law.  Fitch will consider requests for reasonable accommodations due to medical and/or religious reasons on an individual basis in accordance with applicable legal requirements.

FOR NEW YORK AND CALIFORNIA ROLES ONLY: Expected base pay rates for the role will be between x and y.   Actual salaries will be determined on an individualized basis and may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors.  Base pay is one part of Fitch’s total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch.

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