Corporates - Leveraged Finance - Associate Director (9181)
August 12, 2018
London, United Kingdom
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 and BMI Research, are part of the Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is majority-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 European Leveraged Finance Group is responsible for approximately 400 -500 point-in-time credit opinions, private ratings and public ratings on European leveraged corporate credits across a range of sectors, working in tandem with sector-specialised colleagues in the European Corporates group. The ELFG also publishes widely-read periodic and ad hoc research and commentary on the European leveraged markets and presents regularly at conferences and on tours to the European leveraged credit banking, issuer and investor communities.
Reporting to the team head, the successful candidate will contribute to the Group's activities in the leveraged/sub-investment grade rating arena across both public ratings and private ratings or credit opinions, covering the full range of debt products, including senior secured loans, mezzanine debt and high yield bonds.
Fitch's leading position in the European leveraged loan market means that the agency's rated universe in this market continues to grow rapidly, with many of the ratings assigned being used by CLO asset managers and other alternative debt management platforms.
The Group's focus on the evolving and challenging leveraged credit markets in Europe makes this an extremely dynamic environment in which to work, requiring regular and effective dialogues with other Fitch departments, including Structured Finance and Corporates, as well as an ability to communicate effectively with issuers, investors, bankers, journalists and other professionals.
Principal responsibilities will include: preparing analytical summaries on individual leveraged credits; engaging in marketing and issuer management meetings; presenting rating recommendations to our internal rating committees; and contributing to the Group's on-going operational, statistical data development and research publication activities.
Qualifications and experience:
Analytical experience, with strong credit skills a pre-requisite.
Exposure to the European leveraged credit markets, preferably in an analytical role.
Strong written and verbal communication skills and the ability to manage internal and external relationships effectively.
Extremely strong numeracy skills and experience with financial models, forecasting and sensitivity analysis.
Familiarity with legal documentation and structures is beneficial but not crucial.
The ability to integrate quickly into the ELFG, rapidly assimilating our methodological approach to credit ratings.