Structured Finance - ABS, Associate Director - Chicago
Fitch Ratings, Chicago, IL, United States
Structured Finance - ABS, Associate Director - Chicago
As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplementary credit analysis, ratings, research, and commentary to financial market participants. For over 100 years, Fitch Ratings has been creating value for global markets through rigorous analysis and deep expertise, leading to a variety of market‑leading tools, methodologies, indices, research, and analytical products.
Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is owned by Hearst.
Fitch Ratings is seeking an Associate Director to join the Asset‑Backed Securities (ABS) Group in our Chicago office. The Associate Director will be responsible for a wide range of projects, including rating ABS transactions, authoring market commentary and research, and developing credit opinions related to ABS transactions. The role covers the U.S. ABS market with a focus on auto loan, auto lease, and equipment leasing sectors.
About The Team
Team‑oriented work environment with an emphasis on excellent communication skills, high productivity, and a results‑oriented mindset.
Opportunity to lead coverage analysis at a global rating agency.
A role that helps the debt capital markets make more informed decisions through timely, insightful, and forward‑looking rating actions and research.
How You’ll Make An Impact
Analyze the critical credit, legal, and structural elements of ABS transaction structures.
Assist in the development of rating criteria, including writing relevant reports and developing recommendations to bolster analysis.
Deploy and implement cash‑flow models and tools used in the rating process.
Lead and/or support research projects.
Maintain assigned rating relationships.
You May Be a Good Fit If
BA/BS degree with a minimum of 4 years of experience in structured finance, with direct ABS experience preferred.
Exceptional communication (particularly in writing) and strong quantitative and technical expertise.
Self‑motivated and able to manage timelines across many projects, with strong time‑management and organizational abilities.
Strong understanding of credit fundamentals and willingness to quickly learn new concepts and techniques.
What Would Make You Stand Out
Previous experience in the Structured Finance sector from a credit perspective.
Experience with cash‑flow modeling or loss forecasting analysis.
Why Choose Fitch
Hybrid Work Environment: 2 to 3 days a week in office required.
Culture of Learning & Mobility: Dedicated trainings, leadership development, and mentorship programs.
Investing in Your Future: Retirement planning and tuition reimbursement programs.
Health & Well‑being: Comprehensive healthcare offerings.
Parenting Policies: Generous global parental leave plan.
Inclusive Work Environment: Employee Resource Groups and collaborative culture.
Giving Back: Paid volunteer days and matched funding for donations.
Fitch is committed to providing objective, timely, independent, and forward‑looking credit opinions. Employees must take precautions to avoid conflicts of interest or any appearance of a conflict. Successful candidates will declare any securities holdings that may conflict with their responsibilities and may be asked to divest before beginning employment.
Fitch is proud to be an Equal Opportunity and affirmative action employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
FOR CHICAGO: Expected base pay rates for the role are between $110,000 and $135,000 per year. Actual salaries will be determined individually and may vary based on education, training, experience, past performance, and other factors. Base pay is one component of the total compensation package, which may also include commission earnings, discretionary bonuses, long‑term incentives, and other benefits.
Seniority level Director
Employment type Full‑time
Job function Research and Analyst
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Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is owned by Hearst.
Fitch Ratings is seeking an Associate Director to join the Asset‑Backed Securities (ABS) Group in our Chicago office. The Associate Director will be responsible for a wide range of projects, including rating ABS transactions, authoring market commentary and research, and developing credit opinions related to ABS transactions. The role covers the U.S. ABS market with a focus on auto loan, auto lease, and equipment leasing sectors.
About The Team
Team‑oriented work environment with an emphasis on excellent communication skills, high productivity, and a results‑oriented mindset.
Opportunity to lead coverage analysis at a global rating agency.
A role that helps the debt capital markets make more informed decisions through timely, insightful, and forward‑looking rating actions and research.
How You’ll Make An Impact
Analyze the critical credit, legal, and structural elements of ABS transaction structures.
Assist in the development of rating criteria, including writing relevant reports and developing recommendations to bolster analysis.
Deploy and implement cash‑flow models and tools used in the rating process.
Lead and/or support research projects.
Maintain assigned rating relationships.
You May Be a Good Fit If
BA/BS degree with a minimum of 4 years of experience in structured finance, with direct ABS experience preferred.
Exceptional communication (particularly in writing) and strong quantitative and technical expertise.
Self‑motivated and able to manage timelines across many projects, with strong time‑management and organizational abilities.
Strong understanding of credit fundamentals and willingness to quickly learn new concepts and techniques.
What Would Make You Stand Out
Previous experience in the Structured Finance sector from a credit perspective.
Experience with cash‑flow modeling or loss forecasting analysis.
Why Choose Fitch
Hybrid Work Environment: 2 to 3 days a week in office required.
Culture of Learning & Mobility: Dedicated trainings, leadership development, and mentorship programs.
Investing in Your Future: Retirement planning and tuition reimbursement programs.
Health & Well‑being: Comprehensive healthcare offerings.
Parenting Policies: Generous global parental leave plan.
Inclusive Work Environment: Employee Resource Groups and collaborative culture.
Giving Back: Paid volunteer days and matched funding for donations.
Fitch is committed to providing objective, timely, independent, and forward‑looking credit opinions. Employees must take precautions to avoid conflicts of interest or any appearance of a conflict. Successful candidates will declare any securities holdings that may conflict with their responsibilities and may be asked to divest before beginning employment.
Fitch is proud to be an Equal Opportunity and affirmative action employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
FOR CHICAGO: Expected base pay rates for the role are between $110,000 and $135,000 per year. Actual salaries will be determined individually and may vary based on education, training, experience, past performance, and other factors. Base pay is one component of the total compensation package, which may also include commission earnings, discretionary bonuses, long‑term incentives, and other benefits.
Seniority level Director
Employment type Full‑time
Job function Research and Analyst
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