Industrial Ratings - Credit Analyst (Senior Analyst / Associate Director)

Employer
Fitch Ratings
Location
Frankfurt am Main, Germany
Salary
Competitive
Posted
Aug 09, 2019
Closes
Sep 05, 2019
Ref
6280034
Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, an industry-leading provider of credit risk products and services; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

Fitch complies with all laws governing employment in each jurisdiction in which it operates, and provides equal opportunity to all applicants and employees. All applications will be considered without regard to race, colour, religion, gender, national origin, age, disability, marital or veteran status, sexual orientation, and other status protected by applicable laws.

Company Overview:

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 owned by Hearst .

Fitch complies with all laws governing employment in each jurisdiction in which it operates, and provides equal opportunity to all applicants and employees. All applications will be considered without regard to race, colour, religion, gender, national origin, age, disability, marital or veteran status, sexual orientation, and other status protected by applicable laws.

Department overview:

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, Stockholm, Warsaw, Barcelona, Milan and Dubai. The department is split into six sector teams: Natural Resources and Commodities, Utilities and Transport, Consumer and Healthcare, Industrials, Real Estate and Telecoms, Media and Technology. In addition, a specialist Leveraged Finance team focuses on credits with leveraged capital structures.

The EMEA Industrial Ratings team covers about 120 public credits, spanning Aerospace & Defence, Capital Goods, Auto Manufacturers, Paper and Packaging, Building Materials and Construction. Roughly half the team is in London, with the rest of the team based in Barcelona, Paris, Warsaw, Frankfurt and Dubai.

Responsibilities:

As a member of the EMEA Industrials team, you will take lead analytical responsibility for a varied portfolio of corporate issuers, primarily based in the European Union but also assisting the team's analytical effort across EMEA. 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 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. The role will also involve some travel.

The current portfolio envisaged comprises around 10-15 entities. Fluent English is a minimum requirement of the role, but other languages would be an advantage.

Qualifications and experience:

The role would suit an individual with significant previous 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, ACCA, CFA) would be an advantage.
  • A strong understanding of, or interest in, Manufacturing and Construction related industries.
  • Strong analytical skills evidenced by experience in an analytical or similar role.
  • A strong team spirit, enabling him/her to work seamlessly with other members of the EMEA team. A willingness to mentor and develop junior analysts would also be looked upon favourably.
  • Cash-flow modelling and accounting skills
  • A willingness to undertake some travel


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.

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 for you and your Family Members prior to commencing employment. If you, or your Family Members, have any holdings that may conflict with your work responsibilities, they must be sold before beginning work. In certain roles, employees and their Family Members may be limited to investments in diversified mutual funds only.

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.jsp

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