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Non-Banks FI - Credit Analyst- Associate Director - Frankfurt

Employer
Fitch Ratings
Location
Frankfurt am Main, Germany
Salary
Competitive
Closing date
Dec 6, 2019

View more

Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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.

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 majority-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:

The Fitch Ratings Financial Institutions Group has actively built the agency into the global leader in bank credit rating coverage with strong market positions in banks and increasingly non-bank financial institutions (NBFI). Our experienced analysts provide comprehensive, timely and transparent coverage of major institutions around the world, as well as unparalleled coverage of smaller companies. Our analysts offer a diversity of talent and backgrounds, with experience in regulatory oversight, counterparty analysis, auditing, investment banking, buy-side investing and more.

The NBFI team forms part of the Financial Institutions group and covers a range of NBFI segments, including investment managers, securities firms, finance and leasing companies along with exchanges and clearing houses in the EMEA region. The NBFI rating process includes a detailed assessment of a company's stand-alone credit profile as well as of the likelihood and nature of external support should the entity experience financial difficulties. Quantitative aspects of an entity's credit profile are reviewed, such as balance sheet integrity, profitability and cash flow generating capacity. The analysts also evaluate qualitative factors of the institution, such as strategy and quality of management, the environment in which it operates, and the most likely future development of its business. Final rating determinations are made by committees comprised of analysts and seasoned independent committee members, including Fitch Ratings senior management.

Job Description:

We are currently looking for an Associate Director to join our NBFI team in Frankfurt or London. Coverage will initially be EMEA NBFI credits with a focus on finance companies and other NBFI sectors. The successful candidate will have a strong background in financial institutions and/or corporate credit analysis.

Primary duties will include:
  • Monitoring a portfolio of issuer ratings, including performing analysis of quantitative and qualitative factors and the preparation of rating committee documentation.
  • Participation in credit rating committees for NBFIs in the EMEA and other regions.
  • Writing and publishing of comprehensive rating reports on individual issuers.
  • Regular interaction with contacts at issuers and liaison with issuers' senior management at onsite rating meetings.
  • Publication of sector-specific research and insightful commentary.
  • Responding to external queries from investors, bankers and other fixed income market participants and the media.


Qualifications and Experience:

Suitable candidates should have the following qualifications and experience:

  • Significant analytical experience, ideally in a credit- or audit-related field.
  • Background in either financial institutions or corporate credit analysis. Experience in analysing one or several of Fitch's NBFI sectors (finance companies, investment managers, securities firms, financial market infrastructure companies) and/or experience in leveraged finance credit analysis is desirable.
  • Good educational background to at least a first university degree level, preferably with professional qualifications (such as CFA, ACA, ACCA).
  • Proficiency in English is a must and fluency in Russian would be an advantage but not essential
  • Ability to work independently as well as being a good team player.
  • Ability to cope with time pressure and work to deadlines is essential.


We are looking for a self-motivated professional who works well in a team environment and can actively contribute to credit-related discussions. Strong writing and communication skills are essential, as well as a strong command of financial statement analysis, experience with spreadsheet creation and analysis, and the ability to handle numerous projects simultaneously. This position is available in Fitch's London office and will involve occasional travel.

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.jsp

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