Structured Finance - Residential Mortgage-Backed Securities, Analyst - Chicago

Fitch; Chicago (IL); On-site; USD 85,000 - 100,000; Full time

Job summary

Fitch Ratings is seeking an Analyst to join the Residential Mortgage-Backed Securities (RMBS) group in Chicago or New York. You will collaborate with senior analysts on transaction analysis, run models, and evaluate credit risk and cash flow coverage for RMBS transactions.

You will present reviews at rating committees, understand legal and accounting issues affecting securities, and contribute to research reports and press releases. Strong written/verbal skills and teamwork are essential.

Qualifications

• Bachelor’s degree minimum.
• 1–3 years of relevant experience (excluding internships).
• Experience in capital markets, securitization/structured products, mortgage markets, and/or credit analysis a plus.
• Strong analytical, quantitative, and organizational skills.
• Excellent written and verbal communication skills.
• Ability to excel in a team-oriented environment.

Responsibilities

• Analyze critical credit, legal, and structural elements of RMBS transactions.
• Produce quality internal and external written reports and market commentaries.
• Communicate Fitch rating methodology to issuers and investors.
• Deployment and implementation of cash flow models and tools used in the rating process.
• Lead and/or support research projects.

Skills

Analytical skills

Quantitative skills

Written and verbal communication

Teamwork

Education

Bachelor's degree

Job description

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Structured Finance - Residential Mortgage-Backed Securities, Analyst - Chicago

Requisition ID: 50899

Business Unit: Fitch Ratings

Category: Credit Analysis & Research

Location: Chicago, IL, US

Date Posted: Oct 30, 2026

Fitch Ratings is seeking an Analyst to join the Residential Mortgage-Backed Securities (RMBS) Group in our Chicago or New York office.

About the Team:

The U.S. Residential Mortgage-Backed Securities (RMBS) group is adding an Analyst to its growing team. This position will collaborate with more senior analysts on transaction analysis; run models and perform spreadsheet analysis to evaluate credit risk and cash flow coverage for RMBS transactions; present transaction reviews and analysis at rating committees; develop an understanding of legal and accounting issues affecting a security; and contribute to research reports and press releases.

How You’ll Make an Impact:

• Analyze critical credit, legal, and structural elements of non-agency residential mortgage-backed transactions
• Produce quality internal and external written reports, including credit committees, criteria, special reports, and market commentary
• Communicate Fitch rating methodology and criteria to issuers and investors
• Deployment and implementation of cash flow models and tools used in the rating process
• Lead and/or support research projects

You May Be a Good Fit if:

• You have a bachelor’s degree at minimum
• You have 1–3 years of relevant experience (excluding internships)
• Experience in capital markets, securitization/structured products, mortgage markets, and/or credit analysis is a plus
• You possess strong analytical, quantitative, and organizational skills
• You have excellent written and verbal communication skills
• You have the ability to excel in a team-oriented environment

What Would Make You Stand Out:

• Analyzing critical credit, legal, and structural elements of residential mortgage-backed transactions
• Experience across non-agency RMBS asset classes, such as Prime Jumbo, NQM, CES, CRT, HELOC, RTL, RPL, and NPL
• Exposure to RMBS new-issue and surveillance mandates

Fitch is proud to be an Equal Opportunity and Affir

FOR NEW YORK : Expected base pay rates for the role will be between $85,000 and $100,000 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.