Analyst, Banks, Sydney (21929) Analyst, Banks, Sydney (21929) …

Fitch Ratings
in Sydney, New South Wales, Australia
Self Employed, Full time
Last application, 20 Aug 19
Competitive
Fitch Ratings
in Sydney, New South Wales, Australia
Self Employed, Full time
Last application, 20 Aug 19
Competitive
Analyst, Banks, Sydney (21929)
Company Overview:

Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

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.

As a global credit rating agency, Fitch Ratings gauges the ability of entities and instruments to meet their credit obligations. Investors and financial market participants rely on multiple sources, and the credit rating - indicating how an issue or transaction is likely to perform over time - is one of their key inputs. In this way, we help investors map potential credit risks.

Fitch Solutions, a subsidiary of Fitch Ratings, provides a range of industry-leading products and professional development services to the global financial community. In addition to offering proprietary market-based content, it distributes the ratings, research and financial data of Fitch Ratings through a variety of flexible platforms. With innovation and experience behind every solution it brings to market, our offerings are designed to meet the diverse needs of the fixed-income markets.

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.

Department Overview:

The Fitch Ratings Financial Institutions Group has actively built the agency into the global leader in bank credit rating coverage. Our experienced analysts provide comprehensive, timely and transparent coverage of every major institution around the world, as well as unparalleled coverage of smaller companies. Our analysts offer a diversity of talent and backgrounds, with experience in regulatory oversight, investment banking, buy-side investing, accounting and more.

The FI group's rating process utilises a set of rating scales that are unique to Fitch Ratings. The Viability Rating, which expresses Fitch Ratings' view of a bank's stand-alone financial profile, is combined with the Support Rating to arrive at the Issuer Default Rating, an anchor for its debt issue ratings. Fitch Ratings' Support Rating and Support Rating Floors provide important insight relative to the likelihood and nature of external support should the financial institution experience financial difficulties. Ratings guidelines are applied to long and short-term foreign currency ratings; long and short-term local currency ratings; and National ratings for emerging markets (non-comparable across borders).

Quantitative aspects of a financial institution's strengths and weaknesses are reviewed, such as balance sheet integrity, profitability, cash flow generating ability and risk management. The analysts also evaluate qualitative factors of the institution, such as strategy and quality of management, the environment in which it operates, and the most likely future development of its business. Final rating determinations are made by committees comprised of lead analysts and seasoned independent committee members, including Fitch Ratings senior management.

Fitch covers around 30 financial institutions in Australia and New Zealand and has had a presence in the market since the late 1980's.

Responsibilities:

  • Support more senior analysts and actively participate in the maintenance/assigning of credit ratings to a portfolio of financial institutions
  • Conduct regular issuer/sector/market research for the purpose of analysis, compiling of reports and committee packages, drafting of reports and presentations
  • Ensure databases/systems/filing are maintained in a timely manner, and assist the team in establishes new databases
  • Support team members in the production of special research
  • Administration relating to committee documentation and external correspondence
  • Actively participate in external meetings
  • Actively contribute to rating committees and other internal analytical discussions
  • Financial data entry and checking
  • Scope to manage the analytical coverage and relationships of a portfolio of smaller financial institutions
  • Other ad hoc tasks

Experience:

  • 2+ years of relevant credit experience working in another credit rating agency, bank/investment bank, regulator, investment manager (or similar institution) or consultancy/accounting firm
  • Understanding of the Australian and New Zealand banking systems is a preference, but will consider experience in other developed market financial systems

Qualifications & Skills:

  • Tertiary qualifications in the fields of finance, economics and/or accounting are required
  • Fluent English is essential, other languages are beneficial
  • Strong written and verbal communication skills
  • Proficiency in the use of Excel and Word, with a preference for PowerPoint knowledge as well

Application:

We are not seeking assistance from recruiters at this time.

To apply, please submit a short cover letter stating your suitability for the role plus details of any valid visa that you hold and your up-to-date CV. Please also enter your current and desired gross annual salary and notice period in the applicable spaces when completing your application but do not include them in your CV . We regret we are only able to respond to successful applicants.

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