1-3 years of relevant experience in finance or related fields.
Familiarity with capital markets and mortgage-backed securities is advantageous.
Strong analytical and quantitative skills essential.
Excellent written and verbal communication skills needed.
Ability to thrive in a collaborative team environment.
Responsibilities
Analyze credit, legal, and structural elements of RMBS transactions.
Produce internal and external reports, including credit committee documentation.
Communicate Fitch's rating methodology to stakeholders.
Implement cash flow models in the rating process.
Support and lead research projects related to RMBS.
Benefits
Hybrid work model available.
Opportunities for professional development and growth.
Access to comprehensive health and wellness programs.
Participation in a collaborative and innovative team environment.
Full Job Description
Fitch Ratings is seeking an Analyst to join the Residential Mortgage-Backed Securities (RMBS) Group in our Chicago or New York office.
About the Team:
The U.S. Residential Mortgage-Backed Securities (RMBS) group is adding an Analyst to its growing team. This position will collaborate with more senior analysts on transaction analysis; run 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.
How You'll Make an Impact:
Analyze critical credit, legal, and structural elements of non-agency residential mortgage-backed transactions
Produce quality internal and external written reports, including credit committees, criteria, special reports, and market commentary
Communicate Fitch rating methodology and criteria to issuers and investors
Deployment and implementation of cash flow models and tools used in the rating process
Lead and/or support research projects
You May Be a Good Fit if:
You have a bachelor's degree at minimum
You have 1-3 years of relevant experience (excluding internships)
Experience in capital markets, securitization/structured products, mortgage markets, and/or credit analysis is a plus
You possess strong analytical, quantitative, and organizational skills
You have excellent written and verbal communication skills
You have the ability to excel in a team-oriented environment
What Would Make You Stand Out:
Analyzing critical credit, legal, and structural elements of residential mortgage-backed transactions
Experience across non-agency RMBS asset classes, such as Prime Jumbo, NQM, CES, CRT, HELOC, RTL, RPL, and NPL
Exposure to RMBS new-issue and surveillance mandates
FOR NEW YORK : Expected base pay rates for the role will be between $85,000 and $100,000 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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About Fitch
Fitch Ratings Inc. is a credit rating agency and a subsidiary of Fitch Group, which is owned by Hearst Corporation. Fitch Ratings is headquartered in New York City and London. The company was founded by John Knowles Fitch on December 24, 1913 in New York City as the Fitch Publishing Company. It merged with London-based IBCA Limited in December 1997. In 2000 Fitch acquired both Chicago-based Duff & Phelps Credit Rating Co. (April) and Thomson BankWatch (December). Fitch Ratings is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission in 1975, together with Moody's and Standard & Poor's.
