Director Corporate Ratings- Natural Resources

Fitch Group; São Paulo; Hybrid; BRL 420,000 - 660,000; Full time

Benefits offered by this job

Hybrid work

Global presence

Team environment

Learning & mentorship

Lead analyst opportunity

Job summary

Fitch is seeking an Associate Director for the LATAM Corporate Ratings - Natural Resources, based in São Paulo, Rio de Janeiro, or Monterrey. The role focuses on leading credit analyses, building robust financial models, and presenting findings to rating committees.

You will mentor junior staff, engage with executives, and contribute to external communications while operating in a hybrid work environment requiring 3 days in office weekly.

Qualifications

• Bachelor's degree minimum; MBA or advanced degree a plus.
• 7+ years of credit-related experience, ideally in the natural resources sector.
• Strong ability to quickly identify key risk factors in a transaction.
• Excellent Excel and financial modelling skills to support analysis.
• Proven ability to formulate and deliver clear opinions backed by robust analytical rationale, with regular interaction with rating committees, issuers, bankers and other external parties.
• Ability to ask probing questions of companies and their advisers and to remain informed about sector trends affecting transactions.
• Demonstrated written and verbal communication skills in English, and in Portuguese or Spanish.

Responsibilities

• Perform analysis of key quantitative and qualitative factors influencing the credit quality of companies in LATAM Natural Resources and Airlines team.
• Develop and maintain comprehensive financial models.
• Present analysis of companies to internal credit rating committees.
• Conduct meetings with Natural Resources and Airlines management teams.
• Involvement in communicating rating rationale to external audiences (primarily institutional investors, sell-side analysts and media).
• Write timely and effective research on topical issues.
• Mentor junior members of the Natural Resources and Airlines team.

Skills

Credit analysis

Financial modelling

Excel

Communication

English & Portuguese/Spanish

Education

Bachelor's degree

MBA or advanced degree

Job description

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Director Corporate Ratings- Natural Resources

Requisition ID: 50689

Business Unit: Fitch Ratings

Category: Credit Analysis & Research

Location: São Paulo, BR Rio de Janeiro, RJ, BR Monterrey, MX

Date Posted: Oct 27, 2026

The Latin American Corporates and Infrastructure team is currently seeking an Associate Director based out of our São Paulo, Rio de Janeiro or Monterrey’s office.

Qualitative credentials will weigh meaningfully in the selection of the candidate. A healthy sense of intellectual curiosity is critical, along with a willingness and ability to attack and explain topics of analytical complexity. Fitch is a team-oriented work environment, so excellent communication skills are essential, as is a high productivity work-ethic and results oriented mindset.

What We Offer:

• An opportunity to be a lead coverage analyst in the LATAM’s Natural Resources and Airlines team at a global rating agency.
• A team-oriented work environment.
• Fitch Ratings is a global company with a presence in over 30 countries, offering opportunities to work with diverse teams and clients from around the world.
• Hybrid Work Environment: 3 days a week in office required
• A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity

We’ll Count on You To:

• Perform analysis of key quantitative and qualitative factors influencing the credit quality of companies in the LATAM Natural Resources and Airlines team.
• Develop and maintain comprehensive financial models.
• Present analysis of companies to internal credit rating committees.
• Conduct meetings with Natural Resources and Airlines management teams.
• Involvement in communicating rating rationale to external audiences (primarily institutional investors, sell-side analysts and media) in meetings, conference calls, press releases and written research reports.
• Write timely and effective research on topical issues.
• Participate in the evaluation of other credits within the team, as well as other related credit groups.
• Represent Fitch in panel discussions and conferences arranged by industry associations, regulatory bodies etc.
• Mentor junior members of the Natural Resources and Airlines team.
• Participate in meetings with Natural Resources and Airlines executive-level management teams to strengthen understanding of their business and industry.

What You Need to Have:

• Bachelor's degree at minimum, MBA or other advanced degree a plus;
• 7+/10+ years of credit-related experience, ideally in the natural resources sector.
• Strong ability to quickly identify key risk factors in a transaction;
• Excellent Excel and financial modelling skills to support analysis, along with sound understanding of capital structures and financial documentation;
• Proven ability to formulate and deliver clear and concise opinions backed by robust analytical rationale, with regular interaction expected with ratings committees, issuers, bankers and other external parties;
• Ability to ask probing questions of companies and their advisers and to remain fully informed about sector trends to assess their impact on specific transactions; and
• Demonstrated written and verbal communication skills in English, and in Portuguese or Spanish

What Would Make You Stand Out:

• A deep understanding of and a keen interest in the Mining, Pulp&Paper and Airlines sectors;
• A professional background in capital markets and/or credit analysis and well-developed financial statement analysis and modeling skills;
• A strong pattern of leadership and the ability to proactively and successfully interact with various stakeholders, both within and outside of the organization.
• Demonstrated ability to lead and handle multiple tasks in a fast-paced environment.
• Ability to work to tight deadlines and display a strong degree of flexibility to take on additional responsibilities, as required.

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.

For more information please visit our websites:

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 be 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.

Fitch Group is proud to be an Equal Opportunity and Affinitive 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.