• Competitive
  • London, England, United Kingdom
  • Self Employed, Full time
  • Fitch Ratings
  • 2019-07-22

Model Development specialist

  • London, England, United Kingdom
  • Full time

Model Development specialist

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.


Job Description:


Fitch's Model Development Team (MDT) is looking for a model development specialist at Analyst, Senior Analyst or Associate Director to focus on the maintenance and enhancement Fitch's Corporate and Sovereign Rating models and documentation.


The successful candidate will work closely with the Corporate and Sovereign Groups to maintain and develop the models in line with the Groups' operational requirements, Fitch's best practice guidelines, and policies and procedures. The developer may also identify opportunities to enhance the model implementation and to further automate checks and controls. The development process will comprise model design, build, testing and submission for validation by the Model Validation Group. The successful candidate will also be responsible for conducting high quality testing on many of the team's modelling projects and conducting filing and documentation reviews.


The developer will be teamed up with other talented developers within MDT on other Fitch models giving the opportunity to see a wide variety of modelling techniques. Through these projects, the developer will gain valuable credit modelling experience, a sound understanding of rating criteria and knowledge of model governance framework, practices and the regulatory environment.


The role offers broad exposure to Fitch's Corporate and Sovereign rating process, model development function and Fitch's second line of defence risk management teams. As a result, the successful candidate will experience working with a wide variety of people across multiple disciplines giving the opportunity for career development, from fundamental analysis to other areas of risk management.


The Corporate and Sovereign model development specialist will report to the Head of the Model Development Team for Corporate and Public Finance.



Key responsibilities:

  • Conducting thorough testing of model development projects
  • Conducting filing and documentation reviews
  • Maintenance and enhancement of the Corporate and Sovereign Rating models
  • Involvement in other model development projects
  • Model documentation
  • Building a positive cooperative relationship with the analytical team


Position Requirements:

  • Masters or Degree in quantitative disciplines required
  • CFA or qualified accountant a positive
  • Some quantitative or financial modelling experience
  • Strong Excel background required, proficient VBA, R or Python preferred
  • Previous exposure to credit rating analysis or credit modelling a plus
  • Capable of explaining and communicating the technical aspects of modelling clearly


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