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- Tasks: Join our European ABS Team as a Credit Analyst and dive into cash flow modeling and transaction reviews.
- Company: Fitch Ratings is a global leader in credit ratings, empowering investors with unparalleled insights.
- Benefits: Enjoy an open culture, professional development support, and the chance to drive innovation.
- Why this job: Be valued for your unique perspective while working collaboratively in a diverse, multi-cultural team.
- Qualifications: Strong analytical skills, proficiency in Excel, and excellent communication abilities are essential.
- Other info: Candidates will complete an Excel test and a case study during the interview process.
The predicted salary is between 43200 - 72000 £ per year.
Fitch Ratings is currently seeking an Analyst to join the European ABS Team based out of our London office.
Fitch is currently seeking a dedicated Credit Analyst to enhance our diverse team of financial professionals. As a global leader in credit ratings and research, we offer unparalleled insights that empower investors to make informed decisions. Take the next step in your career in finance where you will not only be valued for your analytical skills but also your unique perspective and background.
Interested in learning more about how our analysts move markets? Visit:
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.
What We Offer:
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An open culture where employees can exchange ideas and perspectives irrespective of seniority.
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Embrace diversity and authenticity, encouraging employees to be their true selves.
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Opportunity to drive innovation and value for customers.
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Support for professional development through internal training sessions.
We’ll Count on You To:
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Implement cash flow modelling
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Review transaction legal documents
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Conduct on-site reviews of underwriting and servicing practices of originators
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Prepare rating proposals for presentation to internal rating committees
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Communicate rating rationale to investors and other market participants through presale reports, presentations, research and meetings
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Communicate with transaction arrangers and originators to understand asset characteristics and structural features of the transactions and
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Support in the development of criteria and supporting research.
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High motivation with a strong desire to perform credit analysis
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Be highly numerate and analytical, with a high level of proficiency in using Excel (candidates will be asked to complete an Excel test)
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Strong written and oral communication skills in English
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Ability to review, understand and analyse legal transaction documents from a credit risk perspective (no formal legal experience required)
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Analytical thinker who can apply methodologies appropriately and insightfully in reaching structured decisions. A later stage of the interview process will feature a case study.
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Team player who can work collaboratively as part of a multi-cultural team with members in multiple locations
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Strong attention to detail
What Would Make You Stand Out:
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Relevant experience in credit analysis acquired at, for example, an accountancy firm, bank, consultancy, rating agency, specialist lender or trustee.
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Ideally direct experience in securitisation or origination of consumer assets (auto leases / loans, unsecured loans, credit card receivables)
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Other backgrounds will be considered, provided the candidate can demonstrate sufficient aptitude in the behaviours and skills detailed herein with clear motivation to work in Structured Finance at Fitch Ratings
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Intellectually curious and inquisitive, with a willingness to challenge precedent
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Fluency in other European languages
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Strong organisational skills in completing and prioritising work
Credit Analyst - ABS - Analyst, Senior Analyst or Associate Director level - London employer: Fitch Group
Contact Detail:
Fitch Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Analyst - ABS - Analyst, Senior Analyst or Associate Director level - London
✨Tip Number 1
Familiarize yourself with the structured finance market, especially Asset Backed Securities (ABS). Understanding current trends and recent transactions will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Brush up on your Excel skills, as proficiency in this tool is crucial for the role. Consider practicing cash flow modeling and other relevant financial analyses to demonstrate your capabilities.
✨Tip Number 3
Prepare for the case study portion of the interview by reviewing common credit analysis methodologies. Being able to apply these methods effectively will showcase your analytical thinking.
✨Tip Number 4
Highlight any relevant experience you have in credit analysis or securitization, even if it's from a different sector. Show how your unique background can bring value to the Fitch Ratings team.
We think you need these skills to ace Credit Analyst - ABS - Analyst, Senior Analyst or Associate Director level - London
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Credit Analyst position at Fitch Ratings. Understand the key responsibilities and required skills, especially focusing on cash flow modeling and credit analysis.
Tailor Your CV: Customize your CV to highlight relevant experience in credit analysis, particularly any work related to asset-backed securities or structured finance. Emphasize your analytical skills and proficiency in Excel, as these are crucial for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your motivation to work in structured finance and your unique perspective. Mention any relevant experiences that demonstrate your analytical thinking and ability to work collaboratively in a multi-cultural team.
Prepare for the Case Study: Since a case study will be part of the interview process, practice analyzing financial documents and preparing rating proposals. Familiarize yourself with common methodologies used in credit analysis to showcase your analytical capabilities.
How to prepare for a job interview at Fitch Group
✨Showcase Your Analytical Skills
As a Credit Analyst, your analytical abilities are crucial. Be prepared to discuss specific examples of how you've applied your analytical skills in previous roles, especially in credit analysis or financial modeling.
✨Prepare for the Excel Test
Since proficiency in Excel is essential for this role, brush up on your Excel skills before the interview. Practice cash flow modeling and be ready to demonstrate your ability to manipulate data effectively.
✨Understand Structured Finance
Familiarize yourself with the key concepts of structured finance, particularly Asset Backed Securities. Being able to discuss recent trends or transactions in this area will show your genuine interest and knowledge.
✨Communicate Clearly and Confidently
Strong communication skills are vital for this position. Practice articulating your thoughts clearly, especially when discussing complex financial concepts. Prepare to explain your rationale behind credit ratings and analyses.
