Structured Finance - Structured Credit & CLOs, Associate Director - Chicago

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Requisition

Business Unit:
Fitch Ratings

Category:
Credit Analysis & Research

Location:

Chicago, IL, US

Date Posted:
Jan 12, 2026

As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplementary credit analysis, ratings, research, and commentary to financial market participants. For over 100 years, Fitch Ratings has been creating value for global markets through its rigorous analysis and deep expertise, which have resulted in a variety of market leading tools, methodologies, indices, research, and analytical products.

Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries, which also includes Fitch Solutions. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

At Fitch Ratings, credit analysts play a pivotal role in moving markets, as quality credit analysis is the lifeblood of our organization. With a legacy of over a century, our unique approach to credit ratings offers unmatched opportunities for professional growth. Embracing a “challenger mindset,” you'll join a team dedicated to innovating service to our clients. Our people-driven analysis thrives on collaboration across all levels and locations, surpassing traditional financial modeling.

Lastly, as part of our global community, you'll find inspiration, challenge, and support, with ample opportunities for visibility and influence in the global financial marketplace.

Fitch Ratings is seeking an Associate Director to join its Structured Credit & CLOs group in our Chicago office.

• A collaborative, team-oriented work environment where excellent communication skills are essential
• An opportunity to be a lead coverage analyst at a global rating agency
• A role that aids debt capital markets in making more informed decisions through timely, insightful, and forward‑looking rating actions and research

• Analyze ratings on Collateralized Loan Obligations (CLOs) using proprietary models
• Prepare and present rating conclusions to a credit committee
• Draft rating action commentary reports to communicate rating decisions to market participants
• Con to recurring and special research publications

• Bachelor's or Master’s degree in a quantitative discipline (finance, accounting, economics, etc.)
• At least four years of experience in the financial industry, with a preference for experience related to CLOs or Structured Finance
• Strong analytical thinking, intellectual curiosity, and attention to detail
• High level of personal responsibility, initiative, and self‑management
• Ability to communicate complex subjects accurately and succinctly
• Interest in capital markets and structured finance
• Proficiency with Microsoft Office suite; knowledge of programming languages is a plus but not required

• Critical thinking and meticulous attention to detail
• Strong sense of personal responsibility and initiative
• Ability to convey complex subjects clearly and concisely
• Open‑mindedness and ability to understand alternative viewpoints
• Keen interest in structured finance and CLOs

• Hybrid Work Environment: 3 days a week in office required based on your line of business and location.
• A Culture of Learning & Mobility:
  Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity.
• Investing in Your Future:
  Retirement planning and tuition reimbursement programs that empower you to achieve your short and long‑term goals.
• Promoting Health & Wellbeing:
  Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing.
• Supportive Parenting Policies:
  Family‑friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively.
• Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee…