At a Glance
- Tasks: Join the Model Development Team to design and enhance credit rating models.
- Company: Fitch Ratings, a leading global credit ratings agency with a collaborative culture.
- Benefits: Hybrid work, comprehensive healthcare, training, and generous parental leave.
- Other info: Opportunities for professional growth and community involvement through volunteer programs.
- Why this job: Make an impact in global finance while developing your skills in a dynamic environment.
- Qualifications: Master’s in quantitative disciplines and programming experience in Excel/VBA, Python or R.
The predicted salary is between 50000 - 60000 £ per year.
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.
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.
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 training, research projects and user/client support.
You May Be a Good Fit If
- 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.
What Would Make You Stand Out
- 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.
Why Choose Fitch
- Hybrid Work Environment: 3 days a week in office required.
- A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity.
- Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short- and long-term goals.
- Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing.
- Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively.
- Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe.
- Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community.
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.
Analyst/ Senior Analyst, Model Development Team - London (6 Month FTC) employer: Fitch Ratings
Fitch Ratings is an exceptional employer, offering a dynamic and collaborative work environment in the heart of London. With a strong focus on employee growth through dedicated training and mentorship programmes, Fitch empowers its analysts to thrive while contributing to impactful credit analysis that shapes global markets. The company also prioritises employee wellbeing with comprehensive healthcare offerings and family-friendly policies, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Analyst/ Senior Analyst, Model Development Team - London (6 Month FTC)
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Fitch Ratings.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Fitch Ratings might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Analyst/ Senior Analyst, Model Development Team - London (6 Month FTC)
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Fitch Ratings will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Fitch Ratings. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Fitch Ratings confidence in your short-term commitment to the role.
How to prepare for a job interview at Fitch Ratings
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Fitch Ratings.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Fitch Ratings that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
