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| Southern European Covered Bonds Ratings Analyst - Associate Director |
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Fitch’s covered bonds team maintains existing ratings and assigns ratings to new covered bonds issued on behalf of financial institutions in Europe as well as in Northern America. Fitch currently rates covered bonds issued under 112 programmes from 93 different institutions.
Based in London, you will focus on the preparation and the presentation to internal rating committees of key rationales for rated covered bond programmes issued out of Southern Europe countries (France ,Spain, Portugal, Italy, Greece). You will be expected to write credit analysis reports and press releases on rated covered bonds when appropriate based upon your understanding of the legal framework for the covered bonds issuance as well as the underlying cover assets.
Within this position you will conduct an in-depth quantitative credit risk analysis of the cover pool assets, (which so far consists either in mortgage loans or public sector debt). Additionally you will consider the maturity, interest rate and/or currency mismatches between the cover pool assets and the covered bonds. You will conduct qualitative assessments of the operational risks based on on-site reviews at the issuers. Furthermore, you will review all relevant laws and regulations, legal opinions and relevant transaction documentation. Finally, you will be responsible for the maintenance of up-to-date information within a dedicated database.
Due to the coverage of this position some European travel can be expected. |
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Masters (finance)
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7 years + |
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English : Speak / Write Fluently
Spanish : Speak Fluently
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open-ended |
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unspecified |
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EU National |
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London |
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You will posses a sound academic track record to at least first university degree level with a specialty in finance. You will demonstrate professional experience of at least 2 years in the covered bonds market, in the credit analysis of financial institutions or have a background in securitisation, such as in RMBS, CMBS or CDO.
Due to the nature of the role, numeracy and computer proficiency is a pre-requisite, including use of excel functions and application of modelling skills. It is essential that you are fluent in English and another Southern European language (preferably Spanish) and are able to formulate and delivering concise opinion, facts and arguments both verbally and in writing.
Further postgraduate study and fluency in another European language will be positively considered. Multicultural experience is a plus, such as time spent studying or working abroad. |
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Fitch Ratings is a leading global rating agency. We provide the world's markets with independent, timely and prospective credit opinions and analysis. |
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Fitch Ratings
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