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Credit Analyst - CMBS - Analyst/Associate Director - London (17061)
August 3, 2018
London, United Kingdom
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.
Fitch Ratings and Fitch Solutions are an equal opportunity / affirmative action employer, complying with all laws governing employment in each jurisdiction in which operating, 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.
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 successful candidate will be part of a team of analysts rating CMBS, focusing both on existing transactions and new assignments.
Typical duties will include:
Analysing transactions to provide investors and other market participants with reasoned credit opinions;
Reviewing borrower, loan and transaction documents and accompanying legal opinions with an eye for ratings impact;
Corroborating factual data provided with reliable external sources
Undertaking credit modelling within the scope of published ratings criteria and in a consistent fashion;
Undertaking on-site property inspections and reviewing property valuation reports with a view to forming forward-looking opinions on property quality.
Preparing written ratings communications and presenting rating proposals to internal rating committees including Senior Management;
Communicating ratings feedback to arrangers on a timely basis in a clear and concise manner.
Researching and communicating non-ratings opinions through press releases, special reports, presentations, calls and meetings;
Assisting in the development of research and criteria, where applicable; participating in internal training seminars;
Keeping abreast of developments in the commercial property sector and general knowledge of wider financial market and economic developments updated.
Qualifications and experience:
This is a demanding and dynamic role, candidates will need to be highly motivated, quality focused, and capable of dealing with a rich variety of analytical challenges.
A key part of the role is communicating reasoned analysis with conviction, demonstrating the rationale, both internally and externally. Therefore candidates should be articulate, confident enough to participate actively in opinionated discussions (both internal and external), and have excellent written and oral communication skills in English.
Candidates will also:
Demonstrate an interest in the European commercial property sector from the perspective of risk.
Display a keen interest in financial markets, preferably with fixed income instruments including structured finance products.
Display a willingness to learn, commitment to quality and a desire to contribute to the goals of the CMBS team and Fitch Ratings more generally.
Be educated to a degree level, and be both numerate and analytical.