Structured Finance - Residential Mortgage-Backed Securities, Senior Analyst - Chicago

Fitch Group • Chicago, IL

2d • $95,000 - $110,000 • Hybrid

About The Position

Fitch Ratings is seeking a Senior Analyst to join its U.S. Residential Mortgage-Backed Securities (RMBS) Group. The role collaborates with more senior analysts on transaction analysis, runs models and performs spreadsheet analysis to evaluate credit risk and cash flow coverage for RMBS transactions, presents transaction reviews and analysis at rating committees, develops understanding of legal and accounting issues affecting securities, and contributes to research reports and press releases.

The Senior Analyst analyzes critical credit, legal, and structural elements of non-agency residential mortgage-backed transactions; produces internal and external written reports; communicates Fitch rating methodology and criteria to issuers and investors; deploys and implements cash flow models and rating-process tools; and leads or supports research projects.

Fitch employees must take precautions to avoid conflicts of interest or the appearance of conflicts. Successful candidates will be asked to declare securities holdings and other potential conflicts before starting work and may be asked to divest conflicting holdings. Fitch is an Equal Opportunity and Affirmative Action Employer.

Requirements

• Bachelor’s degree at minimum.
• 2–4 years of relevant experience, excluding internships.
• Strong analytical, quantitative, and organizational skills.
• Excellent written and verbal communication skills.
• Ability to excel in a team-oriented environment.

Nice To Haves

• Experience in capital markets, securitization/structured products, mortgage markets, and/or credit analysis.
• Experience analyzing critical credit, legal, and structural elements of residential mortgage-backed transactions.
• Experience across non-agency RMBS asset classes, such as Prime Jumbo, NQM, CES, CRT, HELOC, RTL, RPL, and NPL.
• Exposure to RMBS new-issue and surveillance mandates.

Responsibilities

• Collaborate with more senior analysts on transaction analysis.
• Run models and perform spreadsheet analysis to evaluate credit risk and cash flow coverage for RMBS transactions.
• Present transaction reviews and analysis at rating committees.
• Develop an understanding of legal and accounting issues affecting a security.
• Contribute to research reports and press releases.
• Analyze critical credit, legal, and structural elements of non-agency residential mortgage-backed transactions.
• Produce internal and external written reports, including credit committee materials, criteria, special reports, and market commentary.
• Communicate Fitch rating methodology and criteria to issuers and investors.
• Deploy and implement cash flow models and tools used in the rating process.
• Lead and/or support research projects.

Benefits

• The total compensation package may include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch, depending on the position.

What This Job Offers

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