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Department Overview
The German team is responsible for 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 Bonds team offering many opportunities for cross-group cooperation.
Responsibilities
Based in Frankfurt you will focus on the rating analysis of new and existing structured finance transactions. The team covers various regions such as Germany, the Netherlands, Ireland, Scandinavia or Eastern Europe. Analysts will work closely 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,
- Participation in the publication of research on structured finance related market developments,
- Participation in the development of rating criteria across products and regions.
You will possess a master degree or equivalent with a specialty in Finance, Economics, Economic Law, Maths or Statistical Sciences. Intern/Traineeships or professional experience within the banking industry are a plus.
Due to the nature of the role, numeracy and computer proficiency is a pre-requisite. 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, strength of character and discipline is required and you must be able to appreciate the wider regulatory environment in which Fitch operates.
Fitch Group is a global leader in financial information services with operations in more than 30 countries. Wholly owned by the Hearst Corporation, we are comprised of three main businesses: Fitch Ratings | Fitch Solutions | Fitch Learning.
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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 is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.
