Credit Analyst - Structured Finance, RMBS - Senior Analyst or Associate Director level

Fitch Ratings is currently seeking a Structured Finance (RMBS) Credit Analyst at Senior Analyst or Associate Director based out of our London office.  

As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplementary credit analysis, ratings, research, and commentary to financial market participants. For over 100 years, Fitch Ratings has been creating value for global markets through its rigorous analysis and deep expertise, which have resulted in a variety of market leading tools, methodologies, indices, research, and analytical products. Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries, which also includes Fitch Solutions. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

At Fitch Ratings, credit analysts play a pivotal role in moving markets, as quality credit analysis is the lifeblood of our organization. With a legacy of over a century, our unique approach to credit ratings offers unmatched opportunities for professional growth. Embracing a “challenger mindset,” you'll join a team dedicated to innovating service to our clients. Our people-driven analysis thrives on collaboration across all levels and locations, surpassing traditional financial modeling. Lastly, as part of our global community, you'll find inspiration, challenge, and support, with ample opportunities for visibility and influence in the global financial marketplace.

Want to learn more about a career as a credit analyst at Fitch Ratings? Visit: https://careers.fitch.group/content/Credit-Analysts/

About the Team

The RMBS team is responsible for providing ratings for all securities backed by residential mortgage loans. In addition, the RMBS team is actively involved in publishing research in relation to both RMBS performance as well as mortgage market fundamentals. Within the RMBS team, the ESF Operational Risk Group (ORG) is responsible for operational risk assessments of residential and commercial mortgage loan and ABS servicers in Europe. The ESF ORG team was launched in the UK and Italy in 2001. Since then, the servicer ratings analysis was extended to the Netherlands, Greece and Iberia and has over 50 ratings outstanding to over 20 servicers in 7 countries. 

The ESF ORG team also assists SF analysts across all asset classes, both for new transactions and surveillance of existing transactions. The team places a high priority on the quality of its analysis, transparency of its research and its responsiveness to market participants.

The successful candidate will be involved in such activities when necessary.   

What We Offer:

• A role with a wide variety of daily tasks including discussion with loan servicers, issuers, qualitative and quantitative analysis, presenting results in rating committees and writing rating reports.
• A London-based team covering UK RMBS issuers and European servicers, embedded in the wider European Structured Finance team allowing for exposure to a wide range of credit cases.
• Structured training program giving you the knowledge and skills to rate Structured Finance transactions.
• A flexible work environment with the ability to work remotely for up to two days per week.
• Occasional travel in Europe to meet with existing and prospective servicers

We’ll Count on You To:

• Coordinate and perform analysis of new and existing servicer rating, including collecting and analysing information received from loan servicers and updating scorecards used for servicer rating analysis.
• Perform analysis of new and monitor existing transactions including collecting and analysing portfolio data, cash flow modelling, review of legal documentation and analysis of the transaction structure for 50% of the time.
• Communicate with external parties involved in the rating process including leading management meetings.
• Present your analysis in rating committees.
• Publish rating reports and press releases.
• Potential for future participation in the publication of research on topical market developments.

What You Need to Have:

• Bachelor’s degree or equivalent. Applications from individuals with additional relevant experience in place of a bachelor’s degree are welcome.
• Two or more years prior professional experience. Experience in the financial services industry, loan servicing, securitisation market, risk management, treasury or the mortgage industry would be advantageous.
• Strength in numeracy and proficiency with Microsoft Excel.
• Strong written and verbal communication skills.

What Would Make You Stand Out:

• Strong analytical and problem-solving skills.
• Good understanding of operational risk and/or servicing market trend.
• An ability to formulate and deliver concise opinions, facts and arguments both verbally and in writing.
• Prior professional experience in loan servicing or risk management.
• Curiosity to solve complex problems using creativity and collaboration.

• Working Knowledge of Italian or Spanish

Why Choose Fitch: 

• Hybrid Work Environment: 3 days a week in office required
• A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity
• Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals
• Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
• Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively
• Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe
• Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community

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 interest 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 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. 

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