Structured Finance - Credit Analyst, Associate Director - Structured Credit & CLOs - Chicago

$95,000 - $125,000/Yr

Fitch Ratings - Chicago, IL

Full-time - Mid Level

Chicago, IL

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

Fitch Ratings is seeking an Associate Director to join its Structured Credit group based out of our Chicago, IL office location. In this role, you will be a lead coverage analyst at a global rating agency, contributing to the analysis of ratings on Collateralized Loan Obligations (CLOs) using proprietary models. You will prepare and present rating conclusions to a credit committee, draft rating action commentary reports to communicate rating decisions to market participants, and serve as a credit committee member for rating assignments within the Structured Credit sector. Additionally, you will contribute to recurring and special research publications, providing timely insights that aid debt capital markets in making informed decisions through insightful and forward-looking rating actions and research. At Fitch, we pride ourselves on our open culture where employees can exchange ideas and perspectives, regardless of their seniority. We embrace diversity and appreciate authenticity, encouraging an environment where employees can be their true selves. Our commitment to supporting our employees includes advancing conversations around diversity, equity, and inclusion, with Employee Resource Groups (ERGs) established to connect employees based on similar backgrounds or life experiences. This collaborative, team-oriented work environment requires excellent communication skills and offers a unique opportunity to make a significant impact in the structured finance sector.

Responsibilities

• Analyze ratings on Collateralized Loan Obligations (CLOs) using proprietary models.
• Prepare and present rating conclusions to a credit committee.
• Draft rating action commentary reports to communicate rating decisions to market participants.
• Serve as a credit committee member for rating assignments within the Structured Credit sector.
• Contribute to recurring and special research publications.

Requirements

• Bachelor's or Master's degree in a quantitative discipline (finance, accounting, economics, etc.).
• At least 4 years of experience in the financial industry, preferably related to CLOs or Structured Finance.
• Strong analytical thinking, intellectual curiosity, and attention to detail.
• High level of personal responsibility, initiative, and self-management.
• Ability to communicate complex subjects accurately and succinctly.
• Interest in capital markets and structured finance.
• Proficiency with Microsoft Office suite; knowledge of programming languages is a plus but not required.

Nice-to-haves

• Critical thinking and meticulous attention to detail.
• Strong sense of personal responsibility and initiative.
• Ability to convey complex subjects clearly and concisely.
• Open-mindedness and ability to understand alternative viewpoints.
• Keen interest in structured finance and CLOs.

Benefits

• Competitive salary between $95,000 and $125,000 based on experience and qualifications.
• Discretionary bonuses and long-term incentives.
• Comprehensive benefits package including health insurance and retirement plans.