Structured Finance - ABS, Director - New York

CFA Institute; New York (NY); On-site; USD 150,000 - 180,000; Full time

Job summary

Fitch Ratings, a leading global credit ratings agency, seeks a Director for the Asset-Backed Securities group in New York or Chicago. You will lead critical ABS transaction analysis, develop credit views, and author market commentary for North American ABS, with initial focus on consumer-related credit sectors.

You will guide deal teams, deploy cash-flow models, and stay ahead of sector trends while communicating findings to investors and stakeholders.

Qualifications

• BA/BS degree plus a minimum of 7 years' work experience in ABS rating or related credit field.
• Proven ability to lead multiple projects and teams in parallel.
• Strong interpersonal skills, productivity mindset, and results orientation.
• Excellent written communication to articulate credit views clearly and concisely.
• Willingness to quickly learn new concepts and techniques in a dynamic market.

Responsibilities

• Lead deal teams to analyze critical credit, legal, and structural elements of ABS transactions.
• Drive rating workflows by leading analysis on a portfolio of ABS deals and engaging with investors, issuers, and bankers.
• Develop and deploy credit tools and cash-flow models to form analytical views and recommendations.
• Stay informed about sector trends and communicate views internally and externally.
• Assist in developing ratings criteria and recommendations to strengthen analyses.
• Lead or support sector trend research reports and related projects.

Skills

Leadership

Communication

Analytical thinking

Credit fundamentals

Learning agility

Education

BA/BS degree

Tools

Cashflow modeling

Credit analysis tools

Job description

Structured Finance - Director, Asset-Backed Securities

Fitch Ratings is seeking a Credit Professional to join the Asset-Backed Securities Group in our Chicago or New York offices.

Fitch Ratings is adding a highly motivated credit professional to the Asset Backed Securities (ABS) team as a Director. The position will be responsible for a wide range of projects including assuming a role in rating ABS transactions and authoring market commentary and research.

Successful candidates should demonstrate an ability to lead new transaction analysis and apply macro trends impacting consumers to develop credit views. In this leadership role strong communication skills are essential to the role with broad internal and external responsibilities to disseminate credit views. The position covers North American ABS, with initial emphasis on consumer sectors such as auto loan and lease and unsecured installment loans.

What We Offer:

• Ability to grow your presence in ABS credit, along with the breadth and depth of your reach across different sectors, asset classes, structures and markets.
• An opportunity to be a lead coverage analyst in a growing and dynamic group at a global rating agency;
• A rewarding leadership role leading new rating analysis that is essential for the debt capital markets to make more informed decisions.

We'll Count on You To:

• Lead deal teams to analyze critical credit, legal and structural elements of ABS transaction structures;
• Contribute to dynamic rating workflows by leading rating analysis on a portfolio of ABS transactions and participating externally with investors, issuers and bankers;
• Deploy and implement various credit tools and cashflow models to form analytical views and recommendations;
• Stay abreast of sector trends and communicate views internally and externally;
• Assist in the development of ratings criteria, including forming recommendations to bolster analysis and iteratively improve; and
• Lead and/or support sector trend research reports and projects.

What You Need to Have:

• We are looking for a credit professional with a BA/BS degree and a minimum of 7-years work experience with previous experience rating ABS transactions.
• Experience managing a team, ability to inspire and strategically plan workflows and progress on multiple projects in parallel.
• Fitch is a team-oriented work environment, so excellent interpersonal skills are essential, as is a high productivity work-ethic and a results-oriented mindset.
• Knack for communicating credit views (particularly in writing) and ability to analyze large data sets and form conclusions are required.
• Strong understanding of credit fundamentals and current economic conditions, combined with a willingness and ability to quickly learn new concepts and techniques.

What Would Make You Stand Out:

• Direct experience in evaluating new ABS transactions, either buy-side or sell-side is prized;
• CFA candidate, or other professional designations highlighting strong capacity for the role;
• Thoughtful views on economic trends in north America and expected impacts to consumer households and credit;
• Passion for cash flow modeling and loss forecasting analysis, with practical experience;
• Desire to expand your capabilities and expertise across ABS asset classes with a leading team in the credit 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 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 have helped fund a century of growth and enables our clients to make important credit judgements with confidence.

For more information please visit our websites:

www.fitchratings.com | www.fitchsolutions.com | www.fitchlearning.com

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 Affir

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.

FOR NEW YORK ROLES ONLY: Expected base pay rates for the role will be between $150,000 and $180,000. Actual salaries will be determined on an individualized basis and may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base pay is one part of Fitch's total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch.