Fitch Ratings Summer Analyst Program - New York
Fitch Ratings has an exciting 2020 summer opportunity for current Juniors to learn about the work we do at Fitch, why we’re so important in the global market and our culture. 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.
The Summer Analyst Program is a 10-week rotational program offering exposure to our different analytical sectors while immersing you in the credit ratings process. Through a hands-on experiences, you'll have an access to senior leaders and everyday projects.
Who should apply?
Candidates who are pursuing a college, university or graduate degree, who are in the penultimate year of study, with an expected graduation date of May 2021 are encouraged to apply.
Ideal candidates will have a financial flair and a keen interest in credit, fixed income and industry analysis.
Rotations:
You will have an opportunity to rotate through TWO analytical sectors. Product groups likely to be included in the Summer Analyst program are: Structured Finance, Corporates, Financial Institutions, Global Infrastructure & Project Finance Group, Fund & Asset Management, and US Public Finance.
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 securitization, 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 organizations. In addition, the group supports dedicated teams for rating specialized securities such as covered bonds.
Global Infrastructure and Project Finance Group:
Fitch's Global Infrastructure and Project Finance Group (GIG) is responsible for the credit ratings of debt related to infrastructure assets mainly in the transportation, energy, and social infrastructure sectors in the Americas.
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, perspective 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.US
Public Finance:
Fitch Ratings creates value beyond the rating by bringing an informed perspective to the U.S. Public Finance sector. Nearly 90% of the world’s largest institutional investors routinely turn to Fitch Ratings for in-depth analysis, comprehensive research and easily understood criteria for rating state and local governments, public housing, higher education, healthcare, public power, and public transportation bonds. With offices across the United States, our analysts are sensitive to local legislative and legal issues and are poised to address the specific needs of regional markets.