Structured Finance - RMBS, Director - Chicago

Fitch Group • Chicago, IL

90d • $125,000 - $170,000 • Hybrid

About The Position

Fitch Ratings is seeking a Director to join the Residential Mortgage-Backed Securities Group (RMBS) in our Chicago office. The U.S. RMBS group is seeking a Director to help lead transaction coverage and contribute to criteria, research, and market engagement. In this role, you will lead end‑to‑end analysis and presentation of complex RMBS transactions; independently assess credit, cash flow, legal, and structural risks; chair or present at rating committees; mentor junior analysts; engage with issuers, arrangers, and investors; and contribute to thought leadership and criteria enhancements.

Requirements

• 8+ years of relevant experience in RMBS/ABS, mortgage credit, structured finance, or closely related capital markets roles
• At least a bachelor’s degree
• Strong analytical and quantitative skills, including proficiency with cash flow modeling and large datasets
• Excellent written and verbal communication skills and are comfortable engaging senior external stakeholders
• Thrive in a collaborative, fast‑paced environment and can manage multiple transactions and deadlines

Nice To Haves

• Advanced degree and/or CFA/FRM is a plus
• Direct lead experience on RMBS new‑issue and surveillance mandates, including presenting or chairing rating committees
• Deep knowledge of U.S. mortgage products, origination/servicing practices, due diligence, and performance drivers
• Hands‑on experience with RMBS cash flow engines, loan‑level analytics, and scenario/sensitivity frameworks
• Demonstrated contributions to criteria, methodology consultations, or thought‑leadership publications
• Established relationships with RMBS issuers, arrangers, servicers, and investors
• Experience mentoring and reviewing the work of junior analysts; strong quality control and documentation discipline

Responsibilities

• Lead primary and surveillance analysis of RMBS transactions, including collateral, structural, legal, and counterparty assessments
• Own cash flow modeling, scenario design, and sensitivity analysis; oversee model deployment and results interpretation
• Present recommendations at rating committees; chair committees as needed and document decisions to a high standard
• Drive criteria application and contribute to criteria development and methodological enhancements
• Produce high‑quality research, market commentary, and issuer/investor communications
• Manage and deepen assigned issuer and transaction relationships; represent Fitch in external meetings and conferences
• Coach and review the work of junior and senior analysts to ensure analytical rigor and consistency
• Monitor market developments, performance trends, and regulatory changes; translate insights into analytical viewpoints

Benefits

• Hybrid Work Environment: 3 days a week in office required based on your line of business and location
• Dedicated trainings, leadership development and mentorship programs
• Retirement planning and tuition reimbursement programs
• Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
• Family-friendly policies, including a generous global parental leave plan
• Employee Resource Groups
• Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community

What This Job Offers

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