Credit Analyst, Structured Finance & Covered Bonds

Credit Analyst/Senior Analyst – Structured Finance & Covered Bonds

The Structured Finance and Covered Bonds team is seeking an Analyst/Senior Analyst based out of our Paris office.

Fitch’s European Structured Finance (SF) & Covered bonds (CVB) department maintains existing ratings and assigns ratings to new SF transactions and CVB programmes. 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. Fitch Ratings maintains surveillance on over 1,500 European structured finance transactions and over 100 programmes from more than 20 countries in Europe, Northern America and Asia-Pacific, accounting for about 900 billion euros of bonds.

The department is spread across several locations, mainly in continental Europe. The Paris-based team focuses on the analysis of SF & CVB out of France, Belgium and Netherlands.

What We Offer:

• A small team within a larger European and global department which allows you to think differently and have a tangible impact on the team’s output and performance. Move across teams is encouraged, via secondment or internal transfers.
• A rare opportunity to develop knowledge and technical expertise across multiple jurisdictions and sectors, especially in Structured Finance, European mortgage & consumer markets and financial institutions’ secured funding
• Variety of work on multiple asset classes and on multiple issuers and jurisdictions
• An inclusive atmosphere based on a culture of continual learning - through curiosity, outspoken debate and collaboration and in pursuit of the highest analytical standards.

We’ll Count on You To:

• Apply credit risk analysing to new transactions by modelling of asset and liability cash-flows in rating scenarios within the scope of Fitch’s rating criteria, ensuring consistency while treating cases on their merits
• Produce fluent, concise commentaries and reports publishing our rating actions and credit rationale
• Review of relevant transaction documents and accompanying legal opinions
• Conduct a qualitative assessment of the operational risks based on calls or on-site reviews at the issuing financial institutions
• Monitor a portfolio of structured finance transactions and covered bonds programmes, including the preparation and presentation of rating committee documentation
• Write and publish comprehensive rating reports and research reports on your sector of expertise
• Participate in committees on covered bonds and structured finance in other jurisdictions
• Maintain effective channels of communication with debt arrangers to handle inbound enquiries, clarify project status and discuss analytical questions/feedback on a timely basis, always striving to be clear and professional

What You Need to Have:

• Prior experience in credit risk analysis within the banking industry, ideally in the securitisation and/or covered bond market
• Numeracy and computer proficiency is a pre-requisite, including use of Excel and application of modelling skills
• Professional Fluency in French as well as the capacity to communicate complex ideas verbally and in simple written business English.
• Master degree or equivalent with a specialty in Finance, Economics, Accounting, Maths or Statistical Sciences

What Would Make You Stand Out:

• Strong analytical and problem-solving skills
• Strong communication skills, ability to work with team member and share knowledge
• Multicultural experience is a plus, such as time spent studying or working abroad

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.

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.

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