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Associate Director/Director - Structured Finance, Paris Job Details
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| Associate Director/Director - Structured Finance, Paris (Ref: 10283) | |
| Sector, Sub Sector: | Other |
| Compliance Type: | Regulatory/Compliance |
| Expertise: | - |
| Company: | Fitch Ratings |
| Location: | Paris Europe, Other, France |
| Employment Type: | Contract |
| Job Description: |
Fitch Ratings is a global rating agency committed to providing the world’s credit markets with independent and prospective credit opinions, research, and data. With 50 offices worldwide, Fitch Ratings’ global expertise, built on a foundation of local market experience, spans across capital markets in over 150 countries. Fitch Ratings is widely recognized by investors, issuers, and bankers for its credible, transparent, and timely coverage. Fitch Ratings is headquartered in New York and London and is part of the Fitch Group. In addition to Fitch Ratings, the Fitch Group also includes Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of data, analytics, and related services. The Fitch Group also includes Algorithmics, a world leading provider of enterprise risk management solutions. The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France. For additional information, please visit www.fitchratings.com; www.fitchsolutions.com; and www.algorithmics.com. Department Overview Fitch’s European Structured Finance team maintains existing ratings and assigns ratings to new structured finance transactions. Fitch currently rates Structured Finance transactions across four main asset classes: Asset Backed Securities, Residential Mortgage Backed Securities, Commercial Mortgage Backed Securities and Structured Credit. The Paris team is responsible for providing ratings for Structured Finance transactions across all asset classes, mainly focusing on French and Belgium jurisdictions. In addition, the Paris team is actively involved in publishing topical and timely research in relation to asset performance as well as market fundamentals in France and Belgium. 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 Paris, you will focus on the rating of various French and Belgian securitisation transactions, covering all asset classes. This includes, collecting and analysing each underlying asset industry and originator’s historical performance and portfolio data, the review of legal documentation and analysis of the transaction structure as well as communication with counterparties. You will be expected to take part to rating committees, write credit analysis reports and press releases on rated structured finance transactions as well as research reports on industry related topics. 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 of 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. Person Specification Sound academic track record with at least a university degree level or equivalent with a specialty in Finance, Economics, Accounting, Maths or Statistical Sciences. You will demonstrate prior professional experience with several years experience in credit analysis within the banking industry, ideally, in the securitisation market. Only applications with several years experience incredit analysis experience with structured finance, project finance, or related, will be retained. Due to the nature of the role, numeracy and computer proficiency is a pre-requisite, including use of excel functions and application of modelling skills. You must be able to demonstrate strong analytical and problem solving skills. You should have strong written and verbal communication skills and ability to formulate and deliver concise opinion, facts and arguments both verbally and in writing. It is essential that you are fluent in English. To apply please submit a cover letter and most recent CV, including remuneration details to magdalena.rogalski@fitchratings.com. Fitch is an equal opportunity employer that employs people across the full spectrum of society. Fitch works hard to create a workplace with an emphasis on inclusion, innovation and merit. By valuing diversity and equality in our workplace, we believe it adds strength to our business. |
| Job Ref No: | 10283 |
