Analyst/Senior Analyst / Associate Director - Structured Finance, CLOs and Covered Bonds - Milan

<p><span>Fitch’s European Structured Finance Team is currently seeking a Credit Analyst, based in Milan. Fitch’s European Structured Finance Team maintains existing ratings and assigns ratings to new structured finance transactions, CLOs and covered bond programmes.</span><span><br/><br/></span></p> <p><strong><span>What We Offer </span></strong></p> <ul type="disc"> <li><span>We are currently seeking an Analyst, Senior Analyst or Associate Director-level credit analyst to join the European Structured Finance team, that operates in a collaborative, team-oriented work environment;</span></li> <li><span>The successful candidate will be part of a team rating transactions backed by mortgage loans, consumer loans and/or corporate loans, including leveraged-loan CLOs and covered bonds programmes; the selected candidate will have the opportunity to be a lead rating analyst at a global rating agency;</span></li> <li><span>The team analyses transactions in line with Fitch’s rating criteria and provides high-quality opinions to investors and other market participants. </span></li> </ul> <p><strong><span> </span></strong></p> <p><strong><span>We’ll Count On You To:</span></strong></p> <ul type="disc"> <li><span>Implement default, recovery, and other cash flow modelling assumptions; </span></li> <li><span>Review transaction legal documents; </span></li> <li><span>Review origination, underwriting and servicing practices of transaction originators and investment policies and practices of CLO managers; </span></li> <li><span>Prepare rating proposals for presentation to internal rating committees, </span><span>ensuring analytical conclusions are evidence-based and consistent with Fitch criteria;</span><span> </span></li> <li><span>Communicate rating rationale to investors and other market participants through press releases, presale and new issue reports, research, presentations, and meetings; </span></li> <li><span>Communicate with arrangers and originators to understand asset characteristics and structural features of the transactions; </span></li> <li><span>Assist in the development of criteria and supporting research; </span></li> <li><span>Collaborate across teams (Sovereigns, Corporates, Financial Institutions, and Economics) to draw on cross-sector insights and ensure consistent analytical approaches.</span></li> </ul> <p><strong><span> </span></strong></p> <p><strong><span>You May be a Good Fit if</span></strong></p> <ul type="disc"> <li><span>This is a demanding and exciting role; we are looking for highly motivated candidates, enthusiastic, keen to learn and committed to building a career at a rating agency;</span></li> <li><span>Strong analytical thinking, intellectual curiosity, and attention to detail;</span></li> <li><span>High level of personal responsibility, initiative and self-management; a strong team player, attentive to detail, with strong oral and written communication skills in Italian and English;</span></li> <li><span>The role involves analysis of legal transaction documents; while no legal background is required, successful candidates should be able to review and analyse legal contracts from a credit risk perspective;</span></li> <li><span>Have interest in capital markets.</span></li> </ul> <p> </p> <p><strong><span>What Would Make You Stand Out </span></strong></p> <ul type="disc"> <li><span>Prior experience in credit analysis, with an understanding of structured finance, or European CLOs or covered bond programmes, alongside relevant regulatory frameworks.</span></li> </ul> <p> </p> <p><strong><span>Why Choose Fitch: </span></strong></p> <ul> <li><span>Hybrid Work Environment: 3 days a week in office required;</span></li> <li><span>A Culture of Learning &amp; Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity;</span></li> <li><span>Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals;</span></li> <li><span>Promoting Health &amp; Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing;</span></li> <li><span>Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively;</span></li> <li><span>Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe;</span></li> <li><span>Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community.</span></li> </ul> <p><strong><span> </span></strong></p> <p><span>Fitch is committed to providing global securities markets with objective, timely, independent, and forward-looking credit opinions. To protect Fitch’s credibil