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Group Director
Fitch Ratings
New York, NY, United States
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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.
We are looking for a Director within Fitch’s Credit Policy Group (CPG) who will assist in the expansion, administration and daily activities of the Evaluating Committee Robustness (ECR) program. CPG strengthens Fitch’s credit analysis and research by undertaking timely and in-depth research, challenging the conventional analytical wisdom and coordinating cross-group projects and training. All of CPG’s efforts are ultimately designed to improve Fitch’s criteria and credit analysis.
The ECR program is an integral part of CPG’s activities. Its primary objective is to assure the overall integrity of our ratings through an independent review of the quality and transparency of Fitch’s analytical work documented in rating committee packages. To meet our objective, the ECR program:
• Assesses alignment with the approved criteria.
• Reviews the use and sufficiency of peer group analyses.
• Reviews the documentation of base and stress case assumptions.
• Evaluates the documentation of key ratings drivers and the reasonableness of conclusions.
As a member of the ECR program, the Director will:
• Assist in the identification and selection of the analytical sectors that will participate in ECR reviews.
• Participate in the planning of ECR reviews, including scope definition and selection of sample.
• Participate in the review of individual rating committee packages and provide a qualitative opinion on criteria compliance and analytical thoroughness and transparency.
• Participate in post-review activities, including follow-up reviews and training.
• Assist in the review of procedures, the preparation of managerial reports and presentations.
The Director will also assist CPG in the handling and resolution of complaints received from rated entities, market participants and members of the public in relation to a perceived failure by Fitch in the course of its initiating, determining, maintaining, monitoring, changing, publishing or withdrawing Fitch ratings, assessments, opinions and/or scores.
The candidate will:
• Have broad credit analysis experience (5+ years) in multiple sectors and asset classes, especially in Structured Finance, Corporate Credit and/or Financial Institutions.
• Have had prior experience in a Credit/Risk Review function in a bank or insurance company, although this is not a requirement.
• Have very strong interpersonal and communication skills (verbal and writing).
• Be able to handle multiple projects at the same time and work within tight deadlines in an environment with changing priorities.
• Hold a Bachelor’s Degree (MBA/CFA)