Quantitative Analyst or Senior Analyst - Model Validation Group
Dual-headquartered in New York and London, 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 help investors to make important credit judgments with confidence.
Fitch Solutions delivers credit market data, analytical tools and risk services to the global financial community. In addition to offering proprietary market-based content, Fitch Solutions distributes the ratings, research and financial data of Fitch Ratings through a variety of flexible platforms. With innovation and experience behind every solution, Fitch Solutions helps financial professionals meet the diverse and evolving needs of today's global markets.
Fitch Ratings and Fitch Solutions, along with Fitch Learning, are part of the Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is wholly-owned by Hearst.
Fitch Ratings and Fitch Solutions are an equal opportunity / affirmative action employer, complying with all laws governing employment in each jurisdiction in which operating, and provide equal opportunity to all applicants and employees. All qualified applicants will be considered without regard to race, color, religion, gender, national origin, age, disability, marital or protected veteran status, sexual orientation, gender identity and other status protected by applicable laws.
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.
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.
- Master's Degree in quantitative disciplines
- Quantitative and financial modelling experience
- Exposure to Python, R, C++, XML or database is a plus
- 0 - 3yrs experience in financial modelling
- 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
- Strong interest in structured finance preferred
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