Analyst / Senior Analyst, Model Development Team

The Model Development Team at Fitch Ratings is currently seeking a quantitative analyst based out of our New York and Toronto office.

The Model Development Team at Fitch Ratings is responsible for the development, enhancement, and maintenance of analytical models used in the credit rating process. In particular, we are looking for a quantitative analyst to focus primarily on models in Structured Finance including ABS, CMBS, RMBS, and Structured Credit.

What We Offer:

You will work closely with other talented specialists in the team as well as ratings analysts

You will gain valuable knowledge of credit modelling and develop a good understanding of rating methodology and criteria.

You will develop working knowledge of model governance framework and the regulatory environment

We'll Count on You To:

Customize models to support ongoing deal flow for new complex financial transactions

Collaborate with the ratings teams to build and maintain models that apply the relevant rating criteria accurately, robustly and efficiently.

Team up with other talented specialists to research, design, implement and enhance models, conduct comprehensive testing, and prepare model documentation.

Leverage the opportunity to contribute to other team initiatives such as trainings, research projects and user/client support.

What You Need to Have:

Master's degree in quantitative disciplines such as Financial Engineering

Programming and model development experience in Python or Excel/VBA

What Would Make You Stand Out:

Prior experience in credit risk or financial/cashflow modelling, including exposure to Excel/VBA/Python

Strong verbal and written communication skills; ability to convey technical concepts clearly

Ability to solve problems using critical, rational and creative thinking

Self-motivated with ability to manage timelines across multiple projects

Strong work ethic and strong team player

FOR TORONTO ROLES ONLY: Expected base pay rates for the role will be between $100,000 and $115,000 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.

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