Analyst, Model Development Team (Quantitative Analyst) - Toronto

Fitch Group • Toronto, ON

1d • CA$100,000 - CA$115,000 • Hybrid

About The Position

The Model Development Team at Fitch Ratings is responsible for the development, enhancement, and maintenance of analytical models used in the credit rating process. In particular, we are looking for a quantitative analyst to focus primarily on models in Structured Finance including ABS, CMBS, RMBS, and Structured Credit.

Requirements

• Master’s degree in quantitative disciplines such as Financial Engineering
• Programming and model development experience in Python or Excel/VBA

Nice To Haves

• Prior experience in credit risk or financial/cashflow modelling, including exposure to Excel/VBA/Python
• Strong verbal and written communication skills; ability to convey technical concepts clearly
• Ability to solve problems using critical, rational and creative thinking
• Self-motivated with ability to manage timelines across multiple projects
• Strong work ethic and strong team player

Responsibilities

• Customize models to support ongoing deal flow for new complex financial transactions
• Collaborate with the ratings teams to build and maintain models that apply the relevant rating criteria accurately, robustly and efficiently.
• Team up with other talented specialists to research, design, implement and enhance models, conduct comprehensive testing, and prepare model documentation.
• Leverage the opportunity to contribute to other team initiatives such as trainings, research projects and user/client support.

Benefits

• You will work closely with other talented specialists in the team as well as ratings analysts
• You will gain valuable knowledge of credit modelling and develop a good understanding of rating methodology and criteria.
• You will develop working knowledge of model governance framework and the regulatory environment

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level