Structured Finance - Analyst / Senior Analyst, Asset-Backed Securities - Chicago, IL

Fitch Group; Chicago (IL); Hybrid; USD 95,000 - 110,000; Full time

Job summary

An established industry player is seeking a motivated Analyst or Senior Analyst to join their Asset-Backed Securities Group. This role offers a unique opportunity to grow your expertise in credit analysis and contribute to impactful financial decisions. You'll analyze critical elements of ABS transactions, lead dynamic rating workflows, and stay abreast of sector trends. With a culture that promotes collaboration and continuous learning, this position is ideal for those passionate about finance and eager to make a difference in the global capital markets. Join a team that values your input and supports your professional growth in a hybrid work environment.

Benefits

Hybrid Work Environment

Training and Development Programs

Retirement Planning

Tuition Reimbursement

Comprehensive Healthcare

Generous Parental Leave

Employee Resource Groups

Paid Volunteer Days

Qualifications

• 3+ years of relevant experience in credit analysis or related fields.
• Strong communication skills, particularly in writing and analysis.

Responsibilities

• Analyze credit, legal, and structural elements of ABS transactions.
• Lead analysis and monitoring of a portfolio of ABS transactions.

Skills

Credit Analysis

Communication Skills

Data Analysis

Interpersonal Skills

Finance Fundamentals

Education

BA/BS Degree

Tools

Cashflow Models

Job description

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.

Structured Finance – Analyst / Senior Analyst, Asset-Backed Securities

Fitch Ratings is seeking an Analyst or a Senior Analyst to join the Asset-Backed Securities Group in our New York office.

Fitch Ratings is adding a highly motivated professional to the Asset Backed Securities (ABS) team as an Analyst. The position provides opportunities to grow credit understanding across consumer ABS through monitoring macro trends and impacts to pool and ABS rating performance. The analyst will join a growing team covering consumer sectors such as auto loan and lease, credit cards, and unsecured installment loans.

Successful candidates should demonstrate the ability to develop credit views, have experience analyzing performance trends, and have strong communication skills (written and verbal).

About the Team:

• Ability to grow your presence in ABS credit, along with the breadth and depth of your capabilities across different sectors, asset classes, structures, and markets.
• An opportunity to develop as an analyst in a growing and dynamic group at a global rating agency.
• A rewarding role that is essential for the debt capital markets to make more informed decisions via timely, insightful, and forward-looking rating actions and research.

How You’ll Make an Impact:

• Analyze the critical credit, legal, and structural elements of ABS transaction structures.
• Contribute to dynamic rating workflows by leading analysis and monitoring a portfolio of ABS transactions.
• Utilize cashflow models to form opinions on future performance.
• Staying abreast of sector trends and communicate your views effectively.
• Lead and/or support sector trend research reports and projects.

You May be a Good Fit if:

• You hold a BA/BS degree with at least 3 years of relevant experience.
• You have excellent communication skills, especially in writing.
• You can effectively analyze large datasets and derive conclusions.
• You possess strong interpersonal skills suited for a collaborative work environment.
• You demonstrate a strong work ethic and a focus on achieving results.
• You have a solid grasp of finance fundamentals and current economic conditions.
• You are eager and able to quickly learn new concepts and techniques.

What Would Make You Stand Out:

• Direct experience with ABS credit, either buy-side or sell-side is prized.
• Thoughtful views on economic trends in North America and expected impacts to consumer households and credit.
• Passion for analysis, putting together themes and working with like-minded individuals.
• Desire to expand your capabilities and expertise across ABS asset classes with a leading team in the credit markets.

Why Choose Fitch:

• Hybrid Work Environment: 3 days a week in office required based on your line of business and location.
• 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.

Fitch is proud to be an Equal Opportunity and Affirmative 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.

Expected base pay rates for the role will be between $95,000 and $110,000 per year. 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.