Job description
Fitch: together we equal more
Company Overview:
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.
At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity, employees work in an environment where they can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective.
Program Overview:
Fitch Ratings has an exciting 10-week rotational internship program designed for students in their penultimate year of study to experience first-hand what we do at Fitch, what credit ratings are, and why we are so important in the global market.
You will learn the ethical and procedural responsibilities of being a team member and be exposed to broad credit and market research training through on-the-job opportunities. You will complete rotations across two different divisions to understand the variety of work involved and the outcomes and impacts our ratings have on the global markets. Throughout the programme you will participate in a variety of on-the-job learning activities. You will work on special projects during which you will have the opportunity to discuss, debate, compose and contribute to the important work of your assigned teams.
Joining us at Fitch means your voice will be heard and you can make an impact. Immersed in our day-to-day work activities and special projects, you will learn what it means to be a Fitch Ratings credit analyst.
Opportunities to rotate may include the following divisions; Structured Finance, Corporates, Financial Institutions, Global Infrastructure Group and Fund & Asset Management.
We seek:
- Students from a diverse range of academic backgrounds with a passion for research and analysis.
- Intellectually curious students with financial flair and a keen interest in credit, fixed income and industry analysis.
- Individuals who truly value integrity and objectivity – these are two values we hold ourselves to and pride ourselves on
- Those who demonstrate a desire to build up knowledge and be open to feedback in order to continuously improve communication and technical skills.
You will be:
- In your penultimate year of completing your bachelors or master’s degree
- Motivated, driven and able to multitask
- A problem solver and have excellent attention to detail
- An eloquent communicator, both verbally and in writing
- Fluent in English, any additional European languages are seen as highly beneficial
Structured Finance:
Fitch’s Structured Finance team maintains existing ratings and assigns ratings to new structured finance transactions. Fitch currently rates Structured Finance transactions across four main asset classes: Asset Backed Securities, Residential Mortgage Backed Securities, Commercial Mortgage Backed Securities and Structured Credit.
We are committed to bringing our legacy of transparency and openness to bear in all areas of the structured finance market. We have developed new investor-focused surveillance tools and enhanced our existing offerings to ensure that a security’s risk is clearly identified and that our opinions continue to be objective and forward-looking. In the complex field of global securitisation, Fitch Ratings explores every angle of a transaction so that investors have the additional insight and context necessary to make timely and informed business decisions.
Corporates:
The Fitch Ratings Corporates group provides public and private ratings on companies and their debt instruments, including — bank loans, senior and subordinated debt, commercial paper and preferred stock.
The group's analytical methodology addresses the legal, regulatory and market environments in over 100 countries in which Fitch Ratings operates, with particular emphasis on debt structure. Corporates group analysts continually expand and deepen their research, combining industry expertise with the finest analytical tools to offer well-informed and timely judgments.
Financial Institutions:
Fitch has long been the industry leader in the financial institutions sector, providing more ratings worldwide than any other rating agency – on over 3,500 entities and their securities.
Fitch’s financial institutions’ coverage includes not only banks, but also finance and leasing companies, securities firms and asset management organisations. In addition, the group supports dedicated teams for rating specialised securities such as covered bonds.
Global Infrastructure Group:
Fitch's Global Infrastructure Group (GIG) is responsible for the credit ratings of debt related to infrastructure assets mainly in the transportation, energy, and social infrastructure sectors.
The portfolio includes public ratings and private credit opinions covering a variety of transaction types (project finance, corporate finance and structured finance). The assets include airports, toll roads, ports, rail infrastructure, power plants, oil and gas facilities, wind and solar parks, schools and hospitals. The team's output consists mainly of annual surveillance reviews, new ratings and sector research reports which are published primarily through Fitch's website.
Fund and Asset Manager:
The Fund and Asset Manager Rating Group (FAM) is focused on providing investors with timely, prospective and informative ratings and related research on the asset management industry covering three primary areas (money market funds, credit and market risk ratings for bond funds and asset manager ratings). The Group currently maintains more than 800 ratings worldwide.
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Fitch complies with all laws governing employment in each jurisdiction in which it operates, and provides equal opportunity to all applicants and employees. All applications will be considered without regard to race, colour, religion, gender, national origin, age, disability, marital or veteran status, sexual orientation, and other status protected by applicable laws.
Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch’s credibility and reputation, our employees must take every precaution to avoid conflicts of interests or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will asked to declare any securities holdings and other potential conflicts for you and your Family Members prior to commencing employment. If you, or your Family Members, have any holdings that may conflict with your work responsibilities, they must be sold before beginning work. In certain roles, employees and their Family Members may be limited to investments in diversified mutual funds only.
For more information about this policy, please visit the Code of Ethics and Conduct page.