Analyst/Senior Analyst / Associate Director - Structured Finance, CLOs and Covered Bonds - Milan

myGwork - LGBTQ+ Business Community; Milano; Ibrido; EUR 40.000 - 60.000; Tempo pieno

Descrizione del lavoro

A global rating agency in Milan is seeking a Credit Analyst to join their Structured Finance Team. This role involves analyzing structured finance transactions and ensuring compliance with rating criteria while communicating effectively with investors. Candidates should be enthusiastic, detail-oriented, and possess strong analytical skills in both English and Italian. The position offers a hybrid work model and includes numerous benefits aimed at promoting employee well-being and career development.

Servizi

Hybrid work environment

Leadership development programs

Comprehensive healthcare offerings

Generous parental leave policies

Paid volunteer days

Competenze

• Strong analytical thinking and intellectual curiosity.
• Excellent oral and written communication skills in Italian and English.
• Ability to review and analyze legal contracts from a credit risk perspective.

Mansioni

• Implement default and recovery cash flow modeling.
• Review transaction legal documents.
• Prepare rating proposals for internal committees.
• Communicate rating rationale to investors.
• Collaborate across teams for consistent analytical approaches.

Conoscenze

Analytical thinking

Attention to detail

Oral communication in English

Oral communication in Italian

Descrizione del lavoro

Analyst/Senior Analyst / Associate Director - Structured Finance, CLOs and Covered Bonds - Milan

Fitch’s European Structured Finance Team is currently seeking a Credit Analyst based in Milan. The team maintains existing ratings and assigns ratings to new structured finance transactions, CLOs and covered bond programmes.

What We Offer

• Analyst, Senior Analyst or Associate Director-level credit analyst in a collaborative, team‑oriented work environment.
• Ratings of transactions backed by mortgage loans, consumer loans and/or corporate loans, including leveraged‑loan CLOs and covered bond programmes; senior analysts have the opportunity to become lead rating analysts at the global rating agency.
• Analysis of transactions in line with Fitch’s rating criteria and provision of high‑quality opinions to investors and other market participants.

We’ll Count On You To

• Implement default, recovery, and other cash flow modelling assumptions.
• Review transaction legal documents.
• Review origination, underwriting and servicing practices of transaction originators and investment policies and practices of CLO managers.
• Prepare rating proposals for presentation to internal rating committees, ensuring analytical conclusions are evidence‑based and consistent with Fitch criteria.
• Communicate rating rationale to investors and other market participants through press releases, presale and new issue reports, research, presentations, and meetings.
• Communicate with arrangers and originators to understand asset characteristics and structural features of the transactions.
• Assist in the development of criteria and supporting research.
• Collaborate across teams (Sovereigns, Corporates, Financial Institutions, and Economics) to draw on cross‑sector insights and ensure consistent analytical approaches.

Qualifications

• Highly motivated, enthusiastic, keen to learn and committed to building a career at a rating agency.
• Strong analytical thinking, intellectual curiosity, and attention to detail.
• High level of personal responsibility, initiative and self‑management; strong team player with excellent oral and written communication skills in Italian and English.
• Ability to review and analyse legal contracts from a credit risk perspective; a legal background is not required.
• Interest in capital markets.

What Would Make You Stand Out

• Prior experience in credit analysis with an understanding of structured finance, or European CLOs or covered bond programmes, and relevant regulatory frameworks.

Benefits

• Hybrid work environment: 3 days a week in office required.
• A culture of learning & mobility: dedicated trainings, leadership development and mentorship programs.
• Investing in your future: retirement planning and tuition reimbursement programs.
• Promoting health & wellbeing: comprehensive healthcare offerings.
• Supportive parenting policies: family‑friendly policies, generous global parental leave plan.
• Inclusive work environment: collaborative workplace where all voices are valued, with employee resource groups.
• Dedication to giving back: paid volunteer days, matched funding for donations, 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, 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.

Fitch Group is proud to be an Equal Opportunity and Affi­ mative 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.