Credit Policy Group - Director - Frankfurt

Employer
Fitch Ratings
Location
Frankfurt am Main, Germany
Salary
Competitive
Posted
Sep 21, 2019
Closes
Oct 05, 2019
Ref
6555925
Job Function
Credit Analysis
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.

Department and Position Overview

We are looking for a Director within Fitch's Credit Policy Group (CPG) who will assist in the expansion, administration and daily activities of the Evaluating Committee Robustness (ECR) program. CPG strengthens Fitch's credit analysis and research by undertaking timely and in-depth research, challenging the conventional analytical wisdom and coordinating cross-group projects and training. All of CPG's efforts are ultimately designed to improve Fitch's criteria and credit analysis.

The ECR program is an integral part of CPG's activities. Its primary objective is to assure the overall integrity of our ratings through an independent review of the quality and transparency of Fitch's analytical work documented in rating committee packages. To meet our objective, the ECR program:
  • Assesses alignment with the approved criteria.
  • Reviews the use and sufficiency of peer group analyses.
  • Reviews the documentation of rating, base and stress case assumptions.
  • Evaluates the documentation of key ratings driver analysis and the reasonableness of conclusions.


Key Responsibilities

As a member of the ECR programme, the Director will:

  • Assist in the identification and selection of the analytical sectors that will participate in ECR reviews.
  • Participate in the planning of ECR reviews, including scope definition and selection of sample.
  • Participate in the review of individual rating committee packages and provide a qualitative opinion on criteria compliance, analytical thoroughness and transparency.
  • Manage the ECR reviews from start to finish, including the management of guest reviewers.
  • Write in-depth reports with recommendations to the analytical teams on how to improve the quality of analytical work with focus on criteria alignment and transparency/reasonableness of conclusions.
  • Participate in post-review activities, including follow-up reviews and training.
  • Assist in the review of procedures, the preparation of managerial reports and presentations.
  • Be responsible for the management of Fitch's issue management system, MetricStream.


The Director will also assist CPG in the handling and resolution of complaints received from rated entities, market participants and members of the public in relation to a perceived failure by Fitch in the course of its initiating, determining, maintaining, monitoring, changing, publishing or withdrawing Fitch ratings, assessments, opinions and/or scores.

Qualifications and Experience

In particular, the successful candidate will possess or demonstrate the following:

  • Educated to degree level or equivalent (MBA/CFA preferred).
  • Broad credit analysis experience in multiple sectors and asset classes, especially in Structured Finance, Corporate Credit and/or Financial Institutions.
  • Prior experience in a Credit/Risk Review function in a bank, insurance company or rating agency, although this is not an essential requirement.
  • Excellent interpersonal and communication skills (verbal and writing).
  • Ability to handle multiple projects at the same time and work within tight deadlines in an environment with changing priorities.


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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