• Competitive
  • London, England, United Kingdom
  • Self Employed, Full time
  • Fitch Ratings
  • 2019-04-19

Financial Institutions- Africa & Middle East Banks- Director- London/Dubai (21573)

  • London, England, United Kingdom
  • Full time

Financial Institutions- Africa & Middle East Banks- Director- London/Dubai (21573)


Fitch Group is a global leader in financial information services with operations in more than 30 countries.  Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, an industry-leading provider of credit risk products and services; and Fitch Learning, a preeminent training and professional development firm.  With dual headquarters in London and New York, Fitch Group is owned by Hearst. 

 

Fitch complies with all laws governing employment in each jurisdiction in which it operates, and provides equal opportunity to all applicants and employees.  All applications will be considered without regard to race, colour, religion, gender, national origin, age, disability, marital or veteran status, sexual orientation, and other status protected by applicable laws.

 

Departmental 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 major institutions 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, counterparty analysis, auditing, investment banking, buy-side investing 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 and to local currency ratings and National ratings for emerging markets (the latter are non-comparable across borders).

 

Quantitative aspects of a bank's strengths and weaknesses are reviewed, such as balance sheet integrity and profitability. 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 London or Dubai, focusing primarily on the ratings of banks in Africa and the Middle East.  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

 

Personal Specification:

 
  • Demonstrable experience of carrying out credit analysis for either a credit ratings agency, a bank or an asset manager
  • Experience of credit analysis in either the Middle Eastern or African banking sector
  • Educated to degree level (2.1 equivalent minimum, with professional qualifications an advantage) in either finance related or a science degree
  • Excellent demonstrable written and verbal communication skills in English (Arabic and French can also help)
  • Ability to work independently as well as being a good team player.
  • 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 interests or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will asked to declare any securities holdings and other potential conflicts for you and your Family Members prior to commencing employment. If you, or your Family Members, have any holdings that may conflict with your work responsibilities, they must be sold before beginning work. In certain roles, employees and their Family Members may be limited to investments in diversified mutual funds only.

 

For more information about this policy, please visit the code of ethics and conduct page - http://www.fitchratings.com/web/en/dynamic/about-us/code-of-ethics-and-conduct.jsp