Analyst, Model Development Team (Quantitative Analyst) - Toronto

At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity encouraging an environment where employees can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective. Fitch is also committed to supporting its employees by advancing conversations around diversity, equity and inclusion. Fitch’s Employee Resource Groups (ERGs) have been established by employees who have joined together as a workplace community based on similar backgrounds or life experiences. Fitch’s ERGs are available to connect employees with others within the organization to offer professional and personal support.

With our expertise, we are not only creating data and information but also producing timely insights from every angle to influence decision making in this ever changing and highly competitive market. We have a relentless hunger to innovate and unlock the power of human insights and to drive value for our customers. There has never been a better time to make an impact and we invite you to join us on this journey.

Analyst / Senior Analyst, Model Development Team

The Model Development Team at Fitch Ratings is currently seeking a quantitative analyst based out of our New York and Toronto office.

The Model Development Team at Fitch Ratings is responsible for the development, enhancement, and maintenance of analytical models used in the credit rating process. In particular, we are looking for a quantitative analyst to focus primarily on models in Structured Finance including ABS, CMBS, RMBS, and Structured Credit.

What We Offer:

You will work closely with other talented specialists in the team as well as ratings analysts

You will gain valuable knowledge of credit modelling and develop a good understanding of rating methodology and criteria.

You will develop working knowledge of model governance framework and the regulatory environment

We’ll Count on You To:

Customize models to support ongoing deal flow for new complex financial transactions

Collaborate with the ratings teams to build and maintain models that apply the relevant rating criteria accurately, robustly and efficiently.

Team up with other talented specialists to research, design, implement and enhance models, conduct comprehensive testing, and prepare model documentation.

Leverage the opportunity to contribute to other team initiatives such as trainings, research projects and user/client support.

What You Need to Have:

Master’s degree in quantitative disciplines such as Financial Engineering

Programming and model development experience in Python or Excel/VBA

What Would Make You Stand Out:

Prior experience in credit risk or financial/cashflow modelling, including exposure to Excel/VBA/Python

Strong verbal and written communication skills; ability to convey technical concepts clearly

Ability to solve problems using critical, rational and creative thinking

Self-motivated with ability to manage timelines across multiple projects

Strong work ethic and strong team player

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 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 have helped fund a century of growth and enables our clients to make important credit judgements with confidence.

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: | | is committed to providing global securities markets with objective, timely, independent and forward-looking 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.

FOR TORONTO ROLES ONLY: Expected base pay rates for the role will be between $100,000 and $115,000 per year. Actual salaries will be determined on an individualized basis and may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base pay is one part of Fitch’s total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch.

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