Credit Analyst - Financial Institutions (Nordics) - Analyst - London

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Fitch Ratings
  • 13 Sep 17 2017-09-13

We are currently seeking an Analyst to join our financial institutions team based in London, focussing primarily on Nordic banks.


Department overview:

The Fitch Ratings Financial Institutions Group has actively built the agency into the global leader in bank credit rating coverage. Our experienced analysts provide comprehensive, timely and transparent coverage of every major institution around the world, as well as unparalleled coverage of smaller companies. Our analysts offer a diversity of talent and backgrounds, with experience in regulatory oversight, investment banking, buy-side investing, accounting and more.


The FI group's rating process utilises a set of rating scales that are unique to Fitch Ratings. The Viability Rating, which expresses Fitch Ratings' view of a bank's stand-alone financial profile, is combined with the Support Rating to arrive at the Issuer Default Rating, an anchor for its debt issue ratings. Fitch Ratings' Support Rating and Support Rating Floors provide important insight relative to the likelihood and nature of external support should the financial institution experience financial difficulties. Ratings guidelines are applied to long and short-term foreign currency ratings; long and short-term local currency ratings; and National ratings for emerging markets (non-comparable across borders).


Quantitative aspects of a financial institution's strengths and weaknesses are reviewed, such as balance sheet integrity, profitability, cash flow generating ability and risk management. The analysts also evaluate qualitative factors of the institution, such as strategy and quality of management, the environment in which it operates, and the most likely future development of its business. Final rating determinations are made by committees comprised of lead analysts and seasoned independent committee members, including Fitch Ratings senior management.


Job Description:

We are currently seeking an Analyst to join our financial institutions team based in London, focussing primarily on Nordic banks.


Candidates ideally have some experience of working within an analytical or audit capacity. This role requires a considerable degree of responsibility at an early stage and Analysts will be required to carry out data analysis and produce research and rating committee packages.


Candidates will be involved in the following activities:

  • Supporting the review and assignment of issuer ratings, including the preparation of rating committee documentation
  • Data analysis related to the financial institutions sector and to individual banks, update of financial excel-based models and charts
  • Participation in credit rating committees
  • Writing and publishing comprehensive rating reports on individual issuers
  • Contributing to the preparation of sector-specific research and insightful commentary
  • Regular interaction with contacts at issuers and participation in meetings with senior management
  • Supporting senior analysts in responding to external queries from investors, bankers and other fixed income market participants and the media


Personal Specification:

  • Graduate level with some experience of working in financial analysis or audit.
  • Keen interest in financial institutions.
  • Good communication skills.
  • Fluency in English, both written and verbal, is essential. Scandinavian language skills are a plus.
  • Strong working knowledge of Microsoft Excel, Word and PowerPoint. Financial (cash-flow) modelling skills.
  • Ability to work independently as well as being a good team player.
  • Ability to cope with time pressure and work to deadlines is essential.