Analyst – London or Barcelona
Dual-headquartered in New York and London with 50 offices worldwide, Fitch Ratings is a global rating agency dedicated to providing value beyond the rating through independent and prospective credit opinions, research and data. Offering a world of knowledge and experience behind every opinion, we transform information to deliver meaning and utility to investors, issuers and other market participants. Fitch Ratings’ global expertise draws on local market knowledge and spans across the fixed-income universe. The additional context, perspective and insights we provide help investors make important credit judgments with confidence.
Fitch Solutions is committed to delivering value beyond the rating by providing a range of fixed-income products and professional development services to the global financial community. In addition to offering proprietary content, the firm also distributes the ratings, research, financial data and analytical tools of Fitch Ratings. With innovation and experience behind every product and service, Fitch Solutions' flexible offerings are designed to meet the diverse needs of the credit markets. Fitch Ratings and Fitch Solutions are part of the Fitch Group, a jointly-owned subsidiary of Fimalac, S.A. and Hearst Corporation.
Department Overview:
The Fitch Ratings Financial Institutions Group has actively built the agency into the global leader in bank credit rating coverage. Our experienced analysts provide comprehensive, timely and transparent coverage of every major institution around the world, as well as unparalleled coverage of smaller companies. Our analysts offer a diversity of talent and backgrounds, with experience in regulatory oversight, investment banking, buy-side investing, accounting and more.
The FI group's rating process utilises a set of rating scales that are unique to Fitch Ratings. The Viability Rating, which expresses Fitch Ratings' view of a bank's stand-alone credit profile, is combined with the Support Rating to arrive at the Issuer Default Rating, an anchor for its debt issue ratings. Fitch Ratings' Support Rating and Support Rating Floors provide important insight relative to the likelihood and nature of external support should the financial institution experience financial difficulties. Ratings guidelines are applied to long and short-term foreign currency ratings; long and short-term local currency ratings; and National ratings for emerging markets (non-comparable across borders).
Quantitative aspects of a bank's strengths and weaknesses are reviewed, such as balance sheet integrity, profitability, and risk management. The analysts also evaluate qualitative factors of the institution, such as strategy and quality of management, the environment in which it operates, and the most likely future development of its business. Final rating decisions are made by committees comprised of analysts and seasoned independent committee members, including Fitch Ratings senior management.
Job description:
We are currently seeking a Credit Analyst / Associate Director to join our Southern European financial institutions team. The position can be based in London or Barcelona.
The successful candidate will initially focus primarily on the ratings of financial institutions in Spain. Candidates must have experience of working within an analytical or audit capacity.
This role requires a considerable degree of responsibility at an early stage and Analysts will be required to carry out data analysis, bank research and write credit rating reports in English. Analysts will conduct in-depth meetings with senior management at rated institutions.
They will also be trained to present credit analysis on banks to a rating committee, deal with investor customer queries, prepare for and attend rating committees on banks from other geographic areas and contribute to internal discussions on rating issues.
Person Specification:
• Experience of working as a financial analyst, auditing financial institutions or similar.
• Good educational background to at least a first university degree level.
• Fluency in English and Spanish, both written and verbal is essential. Additional language skills will be viewed as a plus
• Ability to work independently as well as being a good team player.
• Ability to cope with time pressure and work to deadlines is essential.
Application:
To apply please submit a cover letter and most recent CV including remuneration details, via the enclosed links.
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