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Structured Finance - Credit Analyst, Associate Director/Director - Asset-Backed Securities

Requisition ID:  46332
Business Unit:  Fitch Ratings
Category:  Credit Analysis & Research
Location: 

New York, NY, US Chicago, IL, US

Date Posted:  Jan 24, 2024

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.

 

Structured Finance – Credit Analyst, Associate Director/Director, Asset-Backed Securities

Fitch Ratings is seeking a Structured Finance Professional to join the Asset-Backed Securities Group in our Chicago or New York offices.

 

Fitch Ratings is adding a highly motivated credit professional to the Asset Backed Securities (ABS) team as an Associate Director or Director. The position will be responsible for a wide range of projects including assuming a role in rating ABS transactions and authoring market commentary and research.  

 

Successful candidates should demonstrate an ability to lead new transaction analysis and apply macro trends impacting consumers to develop credit views. In this leadership role strong communication skills are essential to the role with broad internal and external responsibilities to disseminate credit views. The position covers North American ABS, with initial emphasis on consumer sectors such as auto loan and lease and unsecured installment loans.

 

What We Offer:

  • Ability to grow your presence in ABS credit, along with the breadth and depth of your reach across different sectors, asset classes, structures and markets.
  • An opportunity to be a lead coverage analyst in a growing and dynamic group, which was the leader in ABS ratings last year;
  • A rewarding leadership role, with responsibilities over new rating analysis, projects to improve criteria and tools and engaging with the market externally.

We’ll Count on You To:

  • Lead deal teams to analyze critical credit, legal and structural elements of ABS transaction structures;
  • Contribute to dynamic rating workflows by leading rating analysis on a portfolio of ABS transactions and participating externally with investors, issuers and bankers;
  • Deploy and implement various credit tools and cashflow models to form analytical views and recommendations; 
  • Stay abreast of sector trends and communicate views internally and externally;
  • Assist in the development of ratings criteria, including forming recommendations to bolster analysis and iteratively improve; and
  • Lead and/or support sector trend research reports and projects.

What You Need to Have:

  • We are looking for a credit professional with a BA/BS degree and a minimum of 5 to 7 years work experience with previous experience rating ABS transactions.
  • Experience managing a team, ability to inspire and strategically plan workflows and progress on multiple projects in parallel.
  • Fitch is a team-oriented work environment, so excellent interpersonal skills are essential, as is a high productivity work-ethic and a results-oriented mindset.
  • Knack for communicating credit views (particularly in writing) and ability to analyze large data sets and form conclusions are required.
  • Strong understanding of credit fundamentals and current economic conditions, combined with a willingness and ability to quickly learn new concepts and techniques.

What Would Make You Stand Out:

  • Direct experience in evaluating new ABS transactions, either buy-side or sell-side is prized;
  • CFA candidate, or other professional designations highlighting strong capacity for the role;
  • Thoughtful views on economic trends in north America and expected impacts to consumer households and credit;
  • Passion for cash flow modeling and loss forecasting analysis, with practical experience;
  • Desire to expand your capabilities and expertise across ABS asset classes with a leading team in the credit 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 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.

FOR NEW YORK AND CALIFORNIA ROLES ONLY: Expected base pay rates for the role will be between $95,000 and $175,000.   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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Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

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