Structured Finance - Esoteric ABS, Managing Director

Fitch Ratings is seeking a Managing Director to join its Asset-Backed Securities group, leading the Corporate (Esoteric) Assets coverage.

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.

This position represents a critical leadership role within the North American ABS team, with direct responsibility for analytical and market strategy across multiple esoteric sectors with a corporate analytical focus, including: Oil & Gas Proved Developed Producing (PDP) reserves, Digital Infrastructure (Fiber Networks and Wireless Towers), Credit-Linked Notes (CLNs), and Future Flow transactions. The Managing Director will also lead a specialized team focused on asset-based funding research and development, driving innovation in analytical frameworks and expanding Fitch's presence in emerging asset classes.

The role demands both senior strategic leadership and hands-on credit engagement as we scale the team across these rapidly expanding sectors. The ideal candidate brings a unique blend of deep corporate credit expertise and structured finance/ABS market experience, essential for evaluating the underlying asset fundamentals while applying securitization frameworks to complex esoteric structures. As a recognized thought leader with an established market presence in corporate esoteric ABS, the Managing Director will represent Fitch externally at the highest levels while actively participating in rating analysis and criteria development. This unique combination of corporate finance acumen, structured finance expertise, leadership capabilities, and hands-on analytical engagement is essential as we establish market-leading positions in sectors that are experiencing significant growth and structural evolution.

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

We'll Count on You To:

• Lead the Team and Market Strategy: Have direct managerial and business leadership responsibility for a team of analysts and directors covering esoteric corporate ABS transactions across Oil & Gas PDP, Digital Infrastructure (Fiber and Wireless Towers), CLNs, Future Flow, and emerging asset-based funding structures. Drive the strategic development of Fitch's esoteric corporate ABS business and internal talent expansion.
• Provide Credit and Analytical Leadership: Provide sector expertise across multiple esoteric ABS asset classes, ensuring consistent application of Fitch's criteria and methodologies while championing the development of new analytical frameworks for emerging structures. Oversee rating analysis, surveillance, and monitoring activities, leading rating committees and ensuring quality, consistency, and timeliness of rating actions and analytical outputs.
• Represent Fitch Externally: Articulate Fitch's credit views, sector outlooks, and structural perspectives in management review meetings, investor conference calls, issuer presentations, and industry roundtables in a credible, engaging, and authoritative manner. Author and oversee high-impact sector research and thought leadership publications that position you as an industry authority.
• Develop Talent and Foster Collaboration: Develop and mentor a high-performing team of analytical talent, creating a positive, collaborative work environment that prioritizes professional development, analytical excellence, and alignment with Fitch's strategic goals. Establish and maintain highly effective networks with key external constituencies.
• Drive Innovation and Excellence: Champion analytical excellence and bring practical ideas for improvement by leveraging new technologies and analytical tools.

You May be a Good Fit if:

• Established Market Leader: You have substantial relevant experience (12-15+ years) in structured finance and specifically in Oil & Gas PDP, Digital Infrastructure, CLNs, Future Flow, and/or similar specialized asset classes. You are an established and recognized thought leader in esoteric ABS markets with a strong existing market presence among issuers, investors, and industry participants.
• Proven People Leader: You have demonstrated experience managing and developing high-performing analytical teams, with proven ability to inspire, mentor, and drive team performance. You possess superior communication skills and experience building trust and respect in internal and external relationships.
• Strategic and Analytical Expert: You have deep understanding of corporate finance fundamentals, structured finance mechanics, securitization principles, and cashflow modeling across diverse asset types. You demonstrate ability to lead criteria development, evaluate credit and structural elements of complex transactions, and drive innovation in analytical approaches.

What Would Make You Stand Out:

• Direct experience in leadership roles at a rating agency, investment bank, institutional investor focused across these asset classes
• Proven ability to balance strategic leadership with hands-on management, demonstrating willingness to actively participate in detailed analytical work, rating committees, and transaction reviews as the team scales and builds depth across rapidly expanding esoteric ABS sectors
• CFA charter holder or other relevant professional designations; advanced degree in finance, economics, engineering, or related field
• Strong relationships and credibility with key market participants including major issuers, bankers, institutional investors, and industry associations

What We Offer:

• A senior leadership opportunity to shape the strategic direction of Fitch's Corporate Esoteric ABS business and establish market-leading positions across multiple specialized sectors
• The chance to lead and develop a talented team of analytical professionals in one of the most dynamic and innovative segments of asset based lending and structured finance
• A platform to leverage and expand your expertise and market presence across diverse esoteric asset classes while driving innovation in analytical frameworks and rating methodologies
• A role that enables you to influence debt capital markets through timely, insightful, and forward-looking rating actions, research, and thought leadership
• Visibility and engagement with senior stakeholders across issuers, investors, and intermediaries through regular external participation
• A collaborative, global work environment that values intellectual curiosity, analytical rigor, and professional growth
• Competitive compensation package commensurate with experience and market leadership position

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. 

FOR NEW YORK ROLES ONLY: Expected base pay rates for the role will be between $275,000 and $310,000 per year. 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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