Fitch Scholars Program - NY

Fitch: together we equal more

Company Overview: 

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.

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, employees work in an environment where they can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective.

Program Overview:

Fitch Ratings has an exciting 5-month full time paid cooperative (co-op) scholarship program (July - December) designed to engage high-performing students from underrepresented communities while exposing them to the day-to-day work activities of a Fitch Ratings Credit Analyst. 

During the program, Spring 2025 graduates will experience first-hand what we do at Fitch, what credit ratings are, and why we are so important in the global markets. You will learn the ethical and procedural responsibilities of being a team member and be exposed to both broad credit and market research training through collaborative projects and on-the-job opportunities.

Joining us at Fitch means your voice will be heard and you can make an impact. Immersed in our day-to-day work activities and special projects, you will learn what it means to be a Fitch Ratings credit analyst.

Eligibility:

• Students pursuing a college, university or graduate degree with an expected graduation date of Spring 2025; with less than 12 months of relevant full-time experience.
• Students available to work a full time (40 hours/week) cooperative (co-op) between July 2024 - December 2024
• You are a student who self-identifies as a part of an underrepresented group or community. 

We’re looking for:

• Intellectually curious students with financial flair and a keen interest in credit, fixed income and industry analysis.
• Strong communicators, both verbally and written
• Students from a diverse range of academic backgrounds with a passion for research and analysis
• Individuals who truly value integrity and objectivity – these are two values we hold ourselves to and pride ourselves on

As a Fitch Scholar, you will have an opportunity work in one of our analytical sectors. Product groups likely to be included are:

Structured Finance

Fitch’s Structured Finance 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.

Corporate Ratings

The Fitch Ratings Corporates group provides public and private ratings on companies and their debt instruments, including — bank loans, senior and subordinated debt, commercial paper and preferred stock. The group's analytical methodology addresses the legal, regulatory and market environments in over 100 countries in which Fitch Ratings operates, with particular emphasis on debt structure. 

Financial Institutions

Fitch has long been the industry leader in the financial institutions sector, providing more ratings worldwide than any other rating agency – on over 3,500 entities and their securities. Fitch’s financial institutions’ coverage includes not only banks but also finance and leasing companies, securities firms and asset management organizations. In addition, the group supports dedicated teams for rating specialized securities such as covered bonds.

Global Infrastructure & Project Finance Group

Fitch's Global Infrastructure and Project Finance Group (GIG) is responsible for the credit ratings of debt related to infrastructure assets mainly in the transportation, energy, and social infrastructure sectors in the Americas.

The portfolio includes public ratings and private credit opinions covering a variety of transaction types (project finance, corporate finance, and structured finance). The assets include airports, toll roads, ports, rail infrastructure, power plants, oil and gas facilities, wind and solar parks, schools and hospitals. The team's output consists mainly of annual surveillance reviews, new ratings and sector research reports which are published primarily through Fitch's website.

Fund & Asset Management

The Fund and Asset Manager Rating Group (FAM) is focused on providing investors with timely, perspective and informative ratings and related research on the asset management industry covering three primary areas (money market funds, credit and market risk ratings for bond funds and asset manager ratings). The Group currently maintains more than 800 ratings worldwide.

US Public Finance

Fitch Ratings creates value beyond the rating by bringing an informed perspective to the U.S. Public Finance sector. Nearly 90% of the world’s largest institutional investors routinely turn to Fitch Ratings for in-depth analysis, comprehensive research and easily understood criteria for rating state and local governments, public housing, higher education, healthcare, public power, and public transportation bonds. With offices across the United States, our analysts are sensitive to local legislative and legal issues and are poised to address the specific needs of regional markets.

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.

Expected base pay rate for the role will be $30/Hour. 

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