Associate Director, TMT (20821)
Fitch Ratings, a global rating agency dual-headquartered in New York and London with 51 offices worldwide, dedicated to providing value beyond the rating through independent and prospective credit opinions, research and data. We transform information by offering knowledge and experience behind every opinion to deliver meaning and utility to investors, issuers and other market participants. Fitch Ratings' global expertise draws on local market knowledge, spanning the fixed-income universe. The context, perspective and insights we provide help investors make important credit judgments with confidence.
Since 2008, Fitch Solutions has offered a range of comprehensive data, analytical tools and risk services to fixed-income investors and other market participants. The firm also distributes Fitch Ratings' credit ratings, research and data through various platforms. Product offerings cover research services, risk and performance analytics, structured finance solutions, pricing and valuation services, quantitative analytics and training.
Fitch Ratings and Fitch Solutions are part of the Fitch Group. The Fitch Group is a subsidiary of Fimalac, S.A., headquartered in Paris, France.
Fitch Ratings' EMEA Corporate group provides public and private ratings of companies and their debt instruments in Western Europe and, increasingly, CEE, the CIS, Middle East and Africa.
The department employs a team of credit analysts across Europe. In addition to London, Fitch's largest office, the department has analysts on the ground in Moscow, Paris, Frankfurt, Warsaw, Barcelona, Milan, South Africa and Dubai.
The department is split into five sector teams: Natural Resources and Commodities; Utilities and Transport; Consumer and Healthcare; Industrials; and Telecoms, Media and Technology. In addition, a specialist Leveraged Finance team focuses on credits with leveraged capital structures.
The EMEA TMT team covers over 50 public credits, with more than half in the telecoms sector. Most of the team is in London, with two members in Moscow.
As a member of the EMEA TMT team, you will take analytical responsibility for a varied portfolio of corporate issuers. You will monitor news and results flow to identify events or trends which may lead to rating changes. You will conduct meetings with and analyse the creditworthiness of issuers in the sector.
You will also present to and discuss recommendations for new ratings or rating changes with a rating committee and communicate Fitch's credit opinions externally. You will participate in, and ideally initiate, ad-hoc sector commentaries and topical research. The role will also involve some analytical support to business development activities, interaction with issuers, investors and bankers. It will entail some travel.
The current portfolio envisaged comprises around 15 entities, mainly in Western Europe. Some sector experience would be an advantage.
The successful candidate will report to the head of the EMEA TMT team.
Qualifications and experience:
The role would suit an individual with some analytical experience looking to develop further in an intellectually challenging, analytically rigorous yet supportive environment. Fitch's corporate analysts have diverse backgrounds, including career financial/credit analysts, professional services, or financial or operational roles in companies. Desirable qualities include:
- A first rate academic background in a finance-related field. Professional qualifications (e.g. ACA, CFA) an advantage.
- A strong understanding of, or interest in, TMT.
- Strong analytical skills evidenced by experience in an analytical or similar role. Credit analysis experience helpful but not essential.
- Good written and verbal communications skills in English. Other language skills helpful
- Cash-flow modelling and accounting skills
- A strong team spirit, enabling him/her to work seamlessly with other members of the EMEA team
Fitch is an equal opportunity employer that employs people across the full spectrum of society. Fitch works hard to create a workplace with an emphasis on inclusion, innovation and merit. By valuing diversity and equality in our workplace, we believe it adds strength to our business