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Analyst/Associate Director - Structured Finance - Frankfurt Job Details
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| Analyst/Associate Director - Structured Finance - Frankfurt (Ref: 10261) | |
| Sector, Sub Sector: | Other |
| Compliance Type: | Regulatory/Compliance |
| Expertise: | - |
| Company: | Fitch Ratings |
| Location: | Frankfurt Europe, Other, Germany |
| Employment Type: | Contract |
| Job Description: |
Fitch Ratings is a leading global rating agency committed to providing the world’s credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade, gaining market presence throughout the world and across all fixed income markets. Fitch Ratings is dual-headquartered in New York and London, operating offices and joint ventures in more than 47 locations and covering entities in more than 90 countries. Fitch Ratings is a majority-owned subsidiary of Fimalac, S.A., an international business support services group headquartered in Paris, France. Department Overview Fitch’s European Structured Finance team maintains existing ratings and assigns ratings to new structured finance transactions. Fitch rates Structured Finance transactions across the four main asset classes: Asset Backed Securities, Residential Mortgage Backed Securities, Commercial Mortgage Backed Securities and Structured Credit. The European Structured Finance team is extending its local presence in Germany and will add new rating analysts to the German team, based in Frankfurt. The German team is in charge of assigning and maintaining the rating of structured finance transactions, such as Auto Loan and Lease Securitisations, Collateralised Loan Obligations including loans to small and medium sized as well as large entities, Residential Mortgage Backed Securitisations and Commercial Mortgage Backed Securitisations, as well as other transaction types relating to German, Austrian or Swiss assets. The Frankfurt Structured Finance team has currently 6 analysts covering all transaction types. The team places a high priority on the quality of its analysis, transparency of its research and its responsiveness to market participants. Job Description Based in Frankfurt you will focus on rating new as well as maintaining timely and prospective ratings on existing German, Austrian and Swiss Structured Finance transactions (ABS, CDO, CMBS, RMBS). This includes, collecting and analysing portfolio data, the review of legal documentation and analysis of the transaction structure as well as communication with counterparties. You will be expected to write credit analysis reports and press releases on rated structured finance transactions. In addition, you will participate in criteria developments across products and regions. Within this position you will conduct an in-depth quantitative credit risk analysis of the portfolio assets. Additionally you will consider the individual transaction waterfall, as well as interest rate and/or currency mismatches between the portfolio assets and the structured finance bonds as part of cash flow modelling the transaction structure. You will conduct qualitative assessments of the operational risks based on on-site reviews at the issuers. Furthermore, you will review all relevant laws and regulations, legal opinions and relevant documentation. The role gives the analyst the ability to work in the European Structured Finance business with a number of market participants, in all types of Structured Finance products. Analysts may be based in London for short periods, where training will be given on a one-to-one basis within small working teams and by in-house seminars on various topics. Person Specification You will posses a sound academic track record to at least first university degree level with a specialty in finance or statistical sciences. At Associate Director level, in addition to the above you will demonstrate prior professional experience within the banking industry, ideally, in the securitisation market, in risk management, or have a background in the mortgage industry. |
| Job Ref No: | 10261 |
