Model Validation Analyst / Senior Analyst - Chicago Model Validation Analyst / Senior Analyst -  …

Fitch Ratings
in Chicago, IL, United States
Internships & Graduate Trainee, Full time
Last application, 13 May 21
Fitch Ratings
in Chicago, IL, United States
Internships & Graduate Trainee, Full time
Last application, 13 May 21
Model Validation Analyst / Senior Analyst - Chicago
At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity, employees work in an environment where they can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective.

With our expertise, we are not only creating data and information, but also producing timely insights from every angle to influence decision making in this ever changing and highly competitive market. We have a relentless hunger to innovate and unlock the power of human insights and to drive value for our customers. There has never been a better time to make an impact and we invite you to join us on this journey.

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 Overviews:

The Model Validation Group (MVG) is part of the Criteria Review and Approval Group and sits within the Credit Policy Group (CPG). The core objective of the department is to ensure the quality and consistency of Fitch's ratings with its credit rating criteria. The MVG team focuses on reviewing and validating all models used in the credit rating analysis across Fitch Ratings and works closely with the Criteria Officers to achieve CPG's objective.

Job Description:

In this position, you will have the opportunity to review various types of credit rating models, such as default models, cashflow models, capital models, regression models covering asset classes of ABS, CMBS, Covered Bond, RMBS, Structured Credit, corporates, financial institutions, insurance, sovereigns, etc. You will be teamed up with more experienced validation analysts to review model codes, build replica models, conduct comprehensive testing, discuss review observations with the model owners and developers, and write review reports. Through these reviews, you can gain valuable credit modelling and validation experience. You will also gain a good understanding about the related credit products, their rating methodology and criteria. You can also develop good knowledge of model governance framework, practices and the regulatory environment.

Position Requirements:

• Master's Degree in quantitative disciplines or finance
• Quantitative and financial modelling experience
• Exposure to Python, R, XML or database is a plus
• 0 - 3yrs experience in financial modelling/analysis
• Capable to explain and communicate model review observations and model technical aspects clearly
• Self-motivation and ability to manage timelines across multiple projects
• Thorough attention to detail
• Strong work ethic
• Previous exposure to credit rating analysis or credit modelling a plus


Fitch Group is a global leader in financial information services with operations in more than 30 countries. Wholly owned by the Hearst Corporation, we are comprised of three main businesses: Fitch Ratings | Fitch Solutions | Fitch Learning.

For more information please visit our websites: | |

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 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.

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