Director, Structured Credit - Manchester

Fitch; Manchester; On-site; GBP 90,000 - 150,000; Full time

Benefits offered by this job

Hybrid work environment

Training & mobility programs

Healthcare & wellbeing

Job summary

Fitch Ratings is seeking a Director-level Credit Analyst for the European Structured Finance team in Manchester. You will lead credit analysis, develop default and cash-flow models, and prepare rating proposals for internal committees while engaging with investors and originators.

The role requires strong numerical skills, knowledge of securitisation (CLOs welcome), and excellent written and verbal communication in English.

Qualifications

• Experience in finance and credit analysis.
• Knowledge of securitisation structures and CLOs is beneficial.
• Strong numerical and analytical abilities.

Responsibilities

• Implement default, recovery, and cash flow modelling.
• On-site review of underwriting and servicing of originators and CLO managers.
• Prepare rating proposals for internal rating committees.
• Communicate rating rationale to investors and market participants.
• Collaborate with transaction arrangers to understand asset features.

Skills

Credit analysis

Advanced Excel

Financial modeling

English communication

Tools

Excel

Job description

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Director, Structured Credit - Manchester

Requisition ID: 50334

Business Unit: Fitch Ratings

Category: Credit Analysis & Research

Location: Manchester, GB

Date Posted: Jul 23, 2026

Fitch Ratings is currently seeking a Credit Analyst at Director level within the Structured Credit team based out of Manchester.

As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplementary credit analysis, ratings, research, and commentary to financial market participants. For over 100 years, Fitch Ratings has been creating value for global markets through its rigorous analysis and deep expertise, which have resulted in a variety of market leading tools, methodologies, indices, research, and analytical products. Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries, which also includes Fitch Solutions. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

At Fitch Ratings, credit analysts play a pivotal role in moving markets, as quality credit analysis is the lifeblood of our organization. With a legacy of over a century, our unique approach to credit ratings offers unmatched opportunities for professional growth. Embracing a “challenger mindset,” you'll join a team dedicated to innovating service to our clients. Our people-driven analysis thrives on collaboration across all levels and locations, surpassing traditional financial modeling. Lastly, as part of our global community, you'll find inspiration, challenge, and support, with ample opportunities for visibility and influence in the global financial marketplace.

About The Team

Fitch’s European Structured Finance team maintains existing ratings and assigns ratings to new structured finance transactions.

• We are currently seeking a Director level Credit Analyst to join the European Structured Finance team
• The successful candidate will be part of a team of analysts rating transactions back by mortgage loans, consumer loans and/or corporate loan including leveraged loan CLOs
• The team analyzes transactions in line with Fitch’s rating criteria and provides high quality credit opinions to investors and other market participants

How You’ll Make An Impact

• Implement default, recovery, and cash flow modelling
• On-site review of underwriting and servicing of transaction originators and CLO managers
• Preparing rating proposals for presentation to internal rating committees
• Communicating rating rationale to investors and other market participants through presale reports, presentations, and meetings
• Communicating with transaction arrangers and originators to understand asset characteristics and structural features of the transactions
• Assist in the development of criteria and supporting research

You May Be a Good Fit If

• This is a demanding and exciting role, so we are looking for highly motivated candidates
• The successful candidate should have some prior experience in finance
• Knowledge of securitisation structures and in particular CLOs would be beneficial
• Candidates will be highly numerate and analytical, with advanced Excel skills
• The role also involves analysis of legal transaction documents. While no legal background is required successful candidates should be able to review and analyse legal contracts from a credit risk perspective

What Would Make You Stand Out

• A central element of the position is communicating your analysis, both internally and externally. Therefore, candidates should have excellent written and oral communication skills in English
• Other European languages are desirable

Why Choose Fitch

• 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
• Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals
• Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
• Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively
• Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe
• Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community

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 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.
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