Credit Analyst - Structured Finance - Brazil

Hearst Corporation; São Paulo; On-site; BRL 120,000 - 180,000; Full time

Job summary

Fitch Ratings in São Paulo, Brazil, seeks a Credit Analyst to join its Structured Finance team. The role involves quantitative analysis, cash flow modeling, and reviewing transaction structures, with engagement across issuers and other securitization participants.

You will support ratings assignments and surveillance, work with Excel-based models, and develop independent credit views in a collaborative regional team.

Qualifications

• Bachelor's degree in economics, finance, business, accounting or related quantitative field.
• Approximately two to three years of relevant professional experience in credit analysis, structured finance or securitization.
• Strong quantitative and analytical skills with ability to interpret financial statements and portfolio data.
• Proficiency in Excel and financial models.
• Excellent attention to detail, organization and time management with multiple priorities.
• Strong written and verbal communication skills in Portuguese and English.

Responsibilities

• Analyze collateral performance, portfolio characteristics and risks in structured finance transactions.
• Build, run and review cash flow and credit models using Fitch criteria.
• Review transaction documentation and data, identify information gaps and coordinate follow-ups.
• Prepare clear rating committee materials and present analytical conclusions.
• Monitor assigned portfolio and recommend timely rating actions as needed.
• Draft rating reports, surveillance updates and market commentaries.

Skills

Quantitative analysis

Financial modeling

Credit analysis

English proficiency

Portuguese proficiency

Education

Bachelor's degree (quantitative field)

Tools

Excel

Job description

Job Description

Credit Analyst - Structured Finance - Brazil

Fitch Ratings is seeking a Credit Analyst to join its Structured Finance team in São Paulo

The analyst will support the assignment and ongoing surveillance of ratings across Brazilian structured finance and securitization transactions, including asset-backed securities and structured credit. The role combines quantitative analysis, cash flow modeling, collateral performance assessment, review of transaction structures and legal documentation, preparation of rating committee materials and clear communication of credit views to internal and external stakeholders.

What We Offer:

• Develop broad credit expertise across structured finance asset classes and transaction types, with exposure to both new ratings and surveillance.
• Receive hands‑on training in Fitch's criteria, analytical tools, cash flow models and rating committee process.
• Work in a collaborative local and regional team, with regular interaction with experienced analysts and senior decision‑makers.
• Build market knowledge through engagement with issuers, originators, servicers, arrangers, investors and other securitization participants.
• Contribute to published research and commentary on relevant credit and securitization trends.

We'll Count on You To:

• Analyze collateral performance, portfolio characteristics and key credit, legal, operational and structural risks in structured finance transactions.
• Build, run and review cash flow and credit models, apply Fitch criteria and perform sensitivity and downside analyses.
• Review transaction documentation and data, identify information gaps and coordinate analytical follow‑ups with internal teams and external counterparties.
• Prepare clear, well-supported rating committee materials and present analytical conclusions in rating discussions, with increasing ownership as experience develops.
• Monitor an assigned portfolio of outstanding transactions, evaluate performance trends and emerging risks, and recommend timely rating actions when appropriate.
• Draft high-quality rating reports, presale reports, surveillance updates, market commentaries and other internal or external analytical materials.
• Participate in meetings with issuers, originators, servicers, arrangers and other transaction parties, asking focused questions and documenting key analytical conclusions.
• Maintain accurate analytical records, meet deadlines and support regional research, criteria and special projects.

What You Need to Have:

• Bachelor's degree in economics, finance, business administration, accounting, engineering or a related quantitative field.
• Approximately two to three years of relevant professional experience in credit analysis, structured finance, securitization, banking, asset management, audit, consulting or a related area.
• Strong quantitative and analytical skills, including the ability to interpret financial statements, portfolio data and transaction performance information.
• Proficiency in Excel and comfort working with financial models.
• Excellent attention to detail, organization and time‑management skills, with the ability to manage multiple priorities and meet deadlines.
• Strong written and verbal communication skills in Portuguese and English.
• Intellectual curiosity, sound judgment and the ability to develop and clearly articulate independent credit views.
• Ability to work effectively both independently and as part of a collaborative team.

What Would Make You Stand Out:

• Prior exposure to securitization or structured credit products in Brazil, including FIDCs, CRIs, CRAs or other asset‑backed transactions.
• Experience with cash flow modeling, credit underwriting, portfolio analytics or legal and structural analysis of financial transactions.
• Knowledge of fixed‑income markets.

Why Fitch?

At Fitch Group, the combined power of our global perspectives is what differentiates us. Our global network of colleagues comes together to accomplish things greater than they ever could alone.

Every team member is essential to our business and each perspective is critical to our success. We embrace a diverse culture that encourages a free exchange of ideas, guaranteeing your voice will be heard and your work will have an impact, regardless of seniority.

We are building incredible things at Fitch and we invite you to join us on our journey.

Fitch Group is a global leader in financial information services with operations in more than 30 countries. Wholly owned by the Hearst Corporation, we are comprised of three main businesses: Fitch Ratings | Fitch Solutions | Fitch Learning.

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 interest or any appearance of a conflict of interest. Should 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.

Fitch Group is proud to be an Equal Opportunity and Affluent Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.