Structured Finance - RMBS, Director - Chicago

Fitch Ratings; Chicago (IL); On-site; USD 180,000 - 240,000; Full time

Job summary

Fitch Ratings in Chicago seeks a Director to join the Residential Mortgage-Backed Securities Group. You will lead end-to-end analysis of RMBS transactions, assess credit, cash flow, legal, and structural risks.

You’ll present at rating committees, mentor junior analysts, and contribute to criteria development and market engagement, collaborating across teams worldwide.

Qualifications

• 8+ years of relevant RMBS/ABS, mortgage credit, structured finance, or related capital markets experience.
• Bachelor’s degree required; advanced degree is a plus.

Responsibilities

• Lead end-to-end analysis of RMBS transactions, assessing credit, cash flow, legal, and structural risks
• Present findings at rating committees and mentor junior analysts
• Develop and apply criteria, contribute to methodological enhancements, and produce market research
• Manage issuer and transaction relationships and represent Fitch in external meetings

Skills

RMBS/ABS experience

Mortgage credit

Structured finance

Capital markets

Education

Bachelor’s degree

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.

Fitch Ratings is seeking a Director to join the Residential Mortgage-Backed Securities Group (RMBS) in our Chicago office.

About The Team

The U.S. RMBS group is seeking a Director to help lead transaction coverage and contribute to criteria, research, and market engagement. In this role, you will lead end-to-end analysis and presentation of complex RMBS transactions; independently assess credit, cash flow, legal, and structural risks; chair or present at rating committees; mentor junior analysts; engage with issuers, arrangers, and investors; and contribute to thought leadership and criteria enhancements.

How You’ll Make An Impact

• Lead primary and surveillance analysis of RMBS transactions, including collateral, structural, legal, and counterparty assessments
• Own cash flow modeling, scenario design, and sensitivity analysis; oversee model deployment and results interpretation
• Present recommendations at rating committees; chair committees as needed and document decisions to a high standard
• Drive criteria application and contribute to criteria development and methodological enhancements
• Produce high-quality research, market commentary, and issuer/investor communications
• Manage and deepen assigned issuer and transaction relationships; represent Fitch in external meetings and conferences
• Coach and review the work of junior and senior analysts to ensure analytical rigor and consistency
• Monitor market developments, performance trends, and regulatory changes; translate insights into analytical viewpoints

You May Be a Good Fit If

• You have 8+ years of relevant experience in RMBS/ABS, mortgage credit, structured finance, or closely related capital markets roles
• You hold at least a bachelor’s degree; advanced degree and/or