Structured Finance - Senior Credit Analyst, RMBS - Chicago

Fitch Group, Inc., Fitch Ratings, Inc., Fitch Solutions Group; Chicago (IL); On-site; USD 90,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Credit Analyst to join their dynamic team in Chicago. This role offers an exciting opportunity to engage in critical credit analysis for residential mortgage-backed securities, collaborating with experienced professionals and contributing to impactful research. The organization values diverse perspectives and fosters a culture where your insights can drive important decisions in the debt capital markets. With a focus on professional development through Fitch's Credit Academy, you will be well-prepared to excel in a fast-paced environment. If you are passionate about finance and eager to make a difference, this is the perfect opportunity for you.

Benefits

In-person training

Web-based training

Lead coverage analyst opportunity

Global rating agency exposure

Qualifications

• Minimum Bachelor's degree required.
• 3 years of relevant experience in credit analysis or capital markets.

Responsibilities

• Analyze credit, legal, and structural elements of RMBS transactions.
• Produce quality internal and external reports including credit committees.

Skills

Credit Analysis

Analytical Skills

Quantitative Skills

Communication Skills

Team Collaboration

Education

Bachelor's Degree

Tools

Cashflow Models

Spreadsheets

Job description

Structured Finance - Senior Credit Analyst, RMBS - Chicago

Requisition ID: 47118

Business Unit: Fitch Ratings

Category: Credit Analysis & Research

Location: Chicago, IL, US

At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity encouraging an environment where employees can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective.

Fitch Ratings is seeking a Senior Credit Analyst to join the Residential Mortgage-Backed Securities Group (RMBS) in our Chicago or New York offices. This position will collaborate with more senior analysts on transaction analysis; run computer 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.

What We Offer:

1. Upon joining Fitch, the Analyst will benefit from a combination of in-person/on-the-job and web-based training through Fitch’s Credit Academy to prepare them for their new role;
2. An opportunity to be a lead coverage analyst at a global rating agency;
3. A role that helps the debt capital markets make more informed decisions via timely, insightful and forward-looking rating actions and research.

We’ll Count on You To:

1. Analyze critical credit, legal and structural elements of residential mortgage-backed transactions;
2. Assist in the development of ratings criteria, including writing relevant reports and developing recommendations to bolster analysis;
3. Produce quality internal and external written reports including credit committees, criteria, special reports and market commentary;
4. Communicate Fitch rating methodology and criteria to issuers and investors;
5. Deployment and implementation of cashflow models and tools used in the rating process;
6. Lead and/or support research projects;
7. Maintain assigned rating relationships.

What You Need to Have:

1. Bachelor's degree at minimum;
2. 3 years relevant experience;
3. Capital markets, mortgage markets and/or credit analysis experience a plus;
4. Strong analytical, quantitative, and organizational skills;
5. Excellent written and verbal communication skills;
6. Ability to excel in a team-oriented environment.

What Would Make You Stand Out:

1. Previous experience in the Structured Finance sector from a credit perspective;
2. Knowledge and/or experience in the residential mortgage originations or servicing operations;
3. Experience with cash flow modeling or loss forecasting analysis.

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.

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 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.

FOR NEW YORK ROLES ONLY: Expected base pay rates for the role will be between $90,000 and $100,000. 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.