At a Glance
- Tasks: Join the Model Development Team to design and enhance credit rating models.
- Company: Fitch Group, a leading global credit ratings agency with a collaborative culture.
- Benefits: Hybrid work environment, professional development, and potential for permanent role.
- Other info: Dynamic team environment with opportunities for growth and learning.
- Why this job: Make an impact in financial markets while working with innovative analysts.
- Qualifications: Master’s degree in quantitative fields and programming experience in Excel/VBA, Python or R.
The predicted salary is between 50000 - 70000 £ per year.
This job is with Fitch Group, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing credit analysis, ratings, research, and commentary to financial market participants.
For over 100 years, Fitch Ratings has been creating value for global markets through its rigorous analysis and deep expertise, which have resulted in a variety of market leading tools, methodologies, indices, research, and analytical products. Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries, which also includes Fitch Solutions.
The Model Development Team (MDT) plays a critical role in designing, enhancing and maintaining the credit rating models that underpin Fitch Rating’s analytical processes. It is part of the Analytical Group with thirty talented modelling specialists located in the UK, US and China. We work very closely with the ratings team to design and develop models applying the relevant rating methodologies rigorously, accurately and efficiently.
This role is a 6 month fixed term contract with high likelihood of extension to a permanent role.
How You’ll Make an Impact:- Gain and leverage valuable knowledge of credit modelling, rating methodology and criteria
- Contribute to the development of models across a diverse set of sectors, including Corporates, Infrastructure and Project Finance, Financial Institutions, and Governments and Public Finance
- Team up with other talented specialists to research, design, implement and enhance models, conduct comprehensive testing, and prepare model documentation.
- Leverage the opportunity to contribute to other team initiatives such as trainings, research projects and user/client support.
- Master’s degree in quantitative disciplines such as Financial Engineering
- Programming and model development experience in Excel/VBA and Python or R.
- Ability to solve problems using critical, rational and creative thinking
- Strong verbal and written communication skills; ability to convey technical concepts clearly
- Strong work ethic and strong team player
- Prior experience in credit risk, financial/cashflow or statistical modelling, with hands-on exposure in Excel/VBA, Python or R.
- Self-motivated with ability to manage timelines across multiple projects
- Hybrid Work Environment: 3 days a week in office required
- A Culture of Learning
Analyst/ Senior Analyst, Model Development Team - London (6 Month FTC) employer: Fitch Group
Fitch Group is an exceptional employer that fosters a collaborative and inclusive work culture, where diverse perspectives are valued as strengths. Employees benefit from a dynamic environment that prioritises professional development and innovation, alongside the opportunity to work with industry-leading analysts on impactful projects in the heart of London. With a strong commitment to employee growth and a hybrid work model, Fitch Ratings offers a meaningful career path in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Analyst/ Senior Analyst, Model Development Team - London (6 Month FTC)
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Fitch Group on LinkedIn. A friendly chat can give us insider info and maybe even a referral, which can really boost our chances.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Since this role involves credit modelling and programming, we should be ready to discuss our experience with Excel/VBA, Python, or R in detail.
✨Tip Number 3
Show off our problem-solving skills! During interviews, we should be ready to tackle hypothetical scenarios or case studies that demonstrate our analytical thinking and creativity.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets seen by the right people. Plus, it shows we’re genuinely interested in joining the Fitch team.
We think you need these skills to ace Analyst/ Senior Analyst, Model Development Team - London (6 Month FTC)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Analyst role. Highlight relevant experience in credit modelling and programming skills in Excel/VBA, Python, or R. We want to see how your background aligns with what we do at Fitch!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about credit analysis and how you can contribute to our Model Development Team. Keep it concise but impactful – we love a good story!
Showcase Your Skills:Don’t just list your skills; demonstrate them! If you've worked on projects involving financial modelling or data analysis, share specific examples. We’re keen to see how you’ve applied your knowledge in real-world scenarios.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Fitch Group
✨Know Your Models
Make sure you brush up on your knowledge of credit modelling and the specific methodologies used by Fitch Ratings. Be prepared to discuss your experience with Excel/VBA, Python, or R, and how you've applied these skills in previous roles.
✨Showcase Your Problem-Solving Skills
During the interview, be ready to demonstrate your critical and creative thinking abilities. You might be asked to solve a hypothetical problem or case study, so practice articulating your thought process clearly and logically.
✨Communicate Clearly
Strong verbal and written communication skills are essential for this role. Practice explaining complex technical concepts in simple terms, as you'll need to convey your ideas effectively to both technical and non-technical team members.
✨Emphasise Team Collaboration
Fitch values a collaborative environment, so highlight your experiences working in teams. Share examples of how you've contributed to group projects, supported colleagues, or participated in training initiatives to show that you're a strong team player.
