• Job Description

  Req#: 45738

  The Model Validation Group (MVG) is currently seeking a model validation analyst at Analyst or Senior Analyst level based out of our Barcelona office.

  The MVG is part of the Criteria Review and Approval Group which reports to the Chief Risk Officer. The core objective of the department is to ensure the quality and consistency of Fitch’s rating criteria and models. The MVG team focuses on reviewing and validating all models used in the credit rating analysis across Fitch Ratings and works closely with the Criteria Officers to review and approve criteria.

  What We Offer:

  • Gain valuable credit modelling and validation experience and a good understanding about the related credit products, their rating methodology and criteria
  • Develop good knowledge of model governance practices and the regulatory environment

  We’ll Count on You To:

  • Review various types of credit rating models, such as default models, cashflow models, capital models, regression models covering asset classes of ABS, CMBS, Covered Bond, RMBS, Structured Credit, corporates, financial institutions, insurance, sovereigns, etc.
  • Review model codes, build replica models, conduct comprehensive testing, discuss review observations with the model owners and developers, and write review reports

  What You Need to Have:

  • Master's Degree in quantitative disciplines or finance
  • 0-3 years’ experience in financial modelling/analysis
  • Capable of explaining and communicating model review observations and model technical aspects clearly
  • Self-motived with an ability to manage timelines across multiple projects
  • Thorough attention to detail
  • Strong work ethic

  What Would Make You Stand Out:

  • Demonstrated proficiency in Python, R, or database
  • Previous exposure to credit rating analysis or cash flow modelling
  • A Certificate in Quantitative Finance (CQF)

  Why Fitch?

  At Fitch Group, the combined power of our global perspectives is what differentiates us. Our global network of colleagues comes together to accomplish things greater than they ever could alone.

  Every team member is essential to our business and each perspective is critical to our success. We embrace a diverse culture that encourages a free exchange of ideas, guaranteeing your voice will be heard and your work will have an impact, regardless of seniority.

  We are building incredible things at Fitch and we invite you to join us on our journey.

  Fitch Group is a global leader in financial information services with operations in more than 30 countries. Wholly owned by the Hearst Corporation, we are comprised of three main businesses: Fitch Ratings | Fitch Solutions | Fitch Learning.

  For more information please visit our websites:

  www.fitchratings.com | www.fitchsolutions.com | www.fitchlearning.com

  Fitch is committed to providing global securities markets with objective, timely, independent and forward-lo oking 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 be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.

  Fitch Group 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.

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• About the company

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