Director- Structured Credit recruitment

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:

Fitch’s European Structured Finance team 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.

Fitch Ratings maintains surveillance on over 1,500 European structured finance transactions.

The structured credit/corporate securitisation team rates collateralised debt obligations backed by portfolios SME loans, leveraged loans, project finance loans as well as credit linked notes and Esoteric Structured Products. The team currently monitors a portfolio of over 200 transactions. Recently the focus has been on transactions structured as collateral for repo funding by the ECB.

Job Description:   

We are currently seeking a Director level Credit Analyst to join the European Structured Credit and Corporate Securitisation Team. The successful candidate will be part of a team of analysts rating Collateralized Debt Obligations backed by corporate loan portfolios. The role encompasses:

Analysing transactions to provide high quality credit opinions to investors and other market participants;
Implementing appropriate default and cash flow modelling;
Scrutinizing transaction legal documents to ensure compliance with Fitch criteria and models;
On-site review of underwriting and servicing of transaction originators;
Preparing rating proposals for presentation to internal rating committees;
Communicating rating rationale to investors and other market participants through presale reports and presentations and meetings;
Working with transaction arrangers and originators to understand assets characteristics and structural features of the transactions;
Development of research and criteria

Person Specification: 

This is a demanding and exciting role so we are looking for highly motivated candidates with strong credit skills.
This position requires experience in one or more of the following areas

Candidates will be highly numerate and analytical                                                                        Advanced Excel skills
Advanced VBA/Access would be beneficial.
Excellent demonstrable written and verbal communication skills
The role also involves comprises analysis of legal documents. While no legal background is required successful candidates should be able to review and analyse legal contracts from a credit risk perspective. 
 

Fitch is an equal opportunity employer that employs people across the full spectrum of society. Fitch works hard to create a workplace with an emphasis on inclusion, innovation and merit. By valuing diversity and equality in our workplace, we believe it adds strength to our business