Credit Analyst - Financial Institutions (Nordics) - Director - Stockholm
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Title: Financial Institutions - Credit Analyst - Director level
Location: Stockholm Company overview:
Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective and insights we provide have helped fund a century of growth and enables you to make important credit judgments with confidence. 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 looking for a Director to join our Financial Institutions ("FI") team to be based in Stockholm, focusing on the ratings primarily of banks in the Nordics. Candidates will be involved in the following activities:
- Monitoring a portfolio of issuer ratings, including the preparation of rating committee documentation.
- Writing and publishing comprehensive rating reports on individual issuers (based on public information and management meetings with the rated entities).
- Participation in credit rating committees for banks in their allocated region and other countries.
- Regular interaction with contacts at issuers and liaison with issuers' senior management at rating meetings.
- Publication of sector-specific research and insightful commentary.
- Responding to external queries from investors, bankers and other fixed income market participants.
- Extensive experience gained as a counterparty, bank or corporate analyst, auditor, regulator, consultant, or relationship manager.
- Educated to degree level (with professional qualifications an advantage).
- Excellent demonstrable written and verbal communication skills in English and at least one Scandinavian language.
- The ability to work independently as well as being a good team player.
- The ability to cope with time pressure and work to deadlines is essential.
Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch's credibility and reputation, our employees must take every precaution to avoid conflicts of interest or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.
Fitch is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.