Structured Finance - Residential Mortgage-Backed Securities, Senior Analyst
Job Description
Fitch Ratings is seeking a Senior Analyst for the Residential Mortgage-Backed Securities (RMBS) group based in Chicago, IL (hybrid).
Key responsibilities
- Analyze key credit, legal, and structural components of residential mortgage-backed transactions
- Assist in the development of RMBS ratings criteria, including drafting related reports and formulating recommendations to strengthen analysis
- Produce high-quality written materials for internal and external audiences (credit committees, criteria publications, 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
- Maintain responsibility for an assigned rating relationship
- Collaborate with more senior analysts on transaction analysis and ongoing RMBS work
- Run computer models and perform spreadsheet analysis to evaluate credit risk and cash flow coverage for RMBS transactions
- Present transaction reviews and analysis at rating committees
- Build understanding of legal and accounting issues impacting a security
- Contribute to research reports and press releases
Requirements
- Bachelor’s degree (minimum)
- 2–3 years of relevant experience (excluding internships)
- Experience in capital markets, mortgage markets, and/or credit analysis is a plus
- Strong analytical, quantitative, and organizational skills
- Excellent written and verbal communication skills
- Ability to excel in a team-oriented environment
Location and compensation
- Location: Chicago, IL, US (hybrid)
- Base salary: USD 95,000 to 110,000 per year
Benefits
- Hybrid work environment: 3 days per week in office required based on line of business and location
- Culture of learning and mobility: dedicated trainings, leadership development, and mentorship programs
- Retirement planning and tuition reimbursement programs
- Comprehensive healthcare offerings
- Global parental leave plan
- Employee Resource Groups