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European Structured Finance - Analyst/Senior Analyst, London

Employer
Fitch Ratings
Location
Lambeth, UK
Salary
Competitive
Closing date
Jul 17, 2019

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Job Role
Finance Data Analyst
Sector
Finance
Contract Type
Permanent
Hours
Full Time
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.Department OverviewFitch'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 1,100 European structured finance transactions. The structured credit team assigns ratings to corporate loan securitisations including SME CLOs and leveraged loan CLOs. Job DescriptionStructured Finance is looking for a financial modeller or analyst with strong numerical, excel and VBA skills to assist the Group's Model Officer in the development and management of the cash flow model used in the rating process of all European and Australian ABS, RMBS and CLO transactions.The successful candidate will contribute to the Group's model management process by cooperating with analysts in applying the cash flow model and by making or reviewing transaction-specific model customizations. You will become a key contact for analysts for questions on the cash flow model and will also have the opportunity to participate in the European Structured Finance Group's ongoing projects to develop, enhance, and automate the cash flow model. This will include implementation of model enhancements, testing as well as writing and maintenance of model supporting documentation.Sitting within the Analytical Group you will develop an in-depth theoretical and practical understanding of the background for the cash flow model, its use in the ratings process, and the related criteria in order to support the Analytical Team. For these reasons, the role will also include - in the first stage - serving as primary, secondary or surveillance analyst on RMBS, ABS and CLOs transactions.You will also work closely with the central Model Development Team and with the Model Validation Group to ensure that the cash flow model is developed and maintained in line with Fitch policies, procedures, regulatory requirements and operational needs.The role will report to the Model Officer of the cash flow model and will require travelling between London and Milan.The role offers broad exposure to Fitch's Structured Finance Group's rating process and Fitch's second line of defence risk management teams. As a result, the successful candidate will experience working with a wide variety of people across multiple disciplines giving the opportunity for career development, from fundamental analysis to other areas of risk management.Position Requirements:The successful candidate will possess a combination of the below experience and knowledge:Degree in quantitative disciplinesStrong numerical skillsStrong Excel and VBA skillsOrganisation skills and the ability to manage and prioritise workloadGood communication skills, including the ability to interact with a wide range of constituents and build good working relationshipsCash flow model review or audit experience a plusKnowledge of fundamental of Structured Finance credit analysis a plusCash flow modelling or accountancy qualification a plusFitch Ratings supports its analysts with internal training through the Fitch Credit Academy. Analysts are expected to study Structured Finance modules, participate in internal training sessions and pass various assessments according to their level of experience. Fitch also requires analysts to participate in training on its policies and procedures. 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 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.For more information about this policy, please visit the code of ethics and conduct page - http://www.fitchratings.com/web/en/dynamic/about-us/code-of-ethics-and-conduct.jspli-ac1

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