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Structured Finance - Analyst/Associate Director - Frankfurt (15241)
June 13, 2018
Frankfurt am Main, Germany
Dual-headquartered in New York and London, 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 help investors to make important credit judgments with confidence.
Fitch Solutions delivers credit market data, analytical tools and risk services to the global financial community. In addition to offering proprietary market-based content, Fitch Solutions distributes the ratings, research and financial data of Fitch Ratings through a variety of flexible platforms. With innovation and experience behind every solution, Fitch Solutions helps financial professionals meet the diverse and evolving needs of today's global markets.
Fitch Ratings and Fitch Solutions, along with Fitch Learning and BMI Research, are part of the Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is majority-owned by Hearst Corporation.
Fitch Group are an equal opportunity / affirmative action employer, complying with all laws governing employment in each jurisdiction in which it operates, and provide equal opportunity to all applicants and employees. All qualified applicants will be considered without regard to race, color, religion, gender, national origin, age, disability, marital or protected veteran status, sexual orientation, gender identity and other status protected by applicable laws.
The German team of currently seven analysts is in charge of assigning and maintaining the ratings of structured finance transactions, such as Auto Loan and Lease Securitisations, Collateralised Loan Obligations including loans to small and medium sized as well as large entities and Residential Mortgage Backed Securitisations. The Structured Finance team is closely linked to the Covered Bond team offering many opportunities for cross-group cooperation.
Based in Frankfurt you will focus on the rating analysis of new and existing structured finance transactions. Analysts will closely work with Fitch's other European offices. During the first months you will undergo intense formal and on-the-job training to acquire the skills for a successful rating analysis.
The nature of daily tasks will be rich in variety ranging from quantitative analysis to writing research reports and include:
Analysis of new transactions (eg collecting and analysing portfolio data, cash flow modelling, review of legal documentation, analysis of the transaction structure),
Analysis of existing transactions (eg performance analysis),
Communication with external parties involved in the rating process,
Presentation of your analysis in rating committees,
Publication of credit analysis reports and press releases for structured finance transactions,
Participation in the publication of research on structured finance related market developments,
Participation in the development of rating criteria across products and regions.
Qualifications and experience:
You will possess a degree or equivalent with a specialty in Finance, Economics, Economic Law, Maths or Statistical Sciences. Intern/Traineeships or professional experience within the banking industry ideally in the credit analysis or a background in securitization is a plus.
Due to the nature of the role, numeracy and computer proficiency is a pre-requisite, including use of excel functions and application of modelling skills. You must be able to demonstrate strong analytical and problem solving skills. You should have strong written and verbal communication skills and an ability to formulate and deliver concise opinions, facts and arguments both verbally and in writing.
Fluency in both English and German is a prerequisite. Multicultural experience is a plus, such as time spent studying or working abroad.
Given the requirement for rating agencies to provide independent opinions, integrity and discipline are required and you must be able to appreciate the wider regulatory environment in which Fitch operates.
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 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.
For more information about this policy, please visit the code of ethics and conduct page - http://www.fitchratings.com/web/en/dynamic/about-us/code-of-ethics-and-conduct.jsp