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Department overview:
Fitch Ratings' Sustainable Finance Group provides cross analytical group support to Fitch's rating analysts with regard to environmental, social and governance (ESG) issues and how they impact on Fitch's public and private ratings.
The Sustainable Finance Group (SUF) supports analysts in addressing ESG credit risk for the legal, regulatory and market environments in over 100 countries in which Fitch Ratings operates, with particular emphasis on risk identification, quantification and interpretation of industry-specific ESG risks from a credit perspective. The SUF group also is responsible for cross-sector and thematic ESG research across all analytical groups.
Members of the SUF group are expected to continually expand and deepen their sector knowledge in this fast-changing area. Members of the team are also expected to be readily available and responsive to internal analysts as well as external investors on all sector and thematic ESG risk issues. Through our structure, our people and our process, the SUF group provides broad coverage and exceptional service both internally and externally, as well as acting as the voice of Fitch on all sustainable risk issues.
Like many groups within Fitch Ratings, the SUF group places great importance on interaction with its colleagues around the world and other areas of the firm. This collaboration ensures a consistent application of Fitch's strategic ESG initiatives across analytical groups, successful competitive positioning, and a coordinated group approach to the overall dynamics of ESG risk in the industries in which Fitch operates.
The SUF group currently has analysts in London, New York and Hong Kong.
Responsibilities:
The role will support the development of Fitch's Sustainable Finance franchise globally. The role forms part of Fitch's newly established Climate Risk team which functions as internal subject matter experts on climate change and environmental issues. A key focus of the role will also be to support rating analysts with respect to Fitch's Climate Vulnerability Scores product .
Previously known as ESG Vulnerability Scores, an initial sector report for global utilities was published in October 2020 and for oil & gas and chemicals in January 2021.
Primary duties:
- Act as internal subject matter expert on climate change and environmental matters, including providing guidance and topical presentations to rating analyst colleagues.
- Provide cross analytical group support to Fitch's rating analysts with regard to Fitch's Climate Vulnerability Scores product.
- Contribute to product development and data analytics for physical climate risk assessment, in collaboration with SUF ESG Research and SUF ESG Analytics.
- Write event-driven, ad-hoc commentaries, as well as in-depth Special Reports on climate change and related topics. This research may involve liaising with rating analyst and Sustainable Finance Research Team colleagues.
- External outreach with market participants, including investors, issuers, bankers and members of the media, to communicate the agency's views and insights on climate change, environmental issues, and with regard to the Climate Vulnerability Scores product.
Qualifications and Experience:
- Experience is required from a credit/equity research, corporate banking credit departments, investment banking, consulting, and/or other relevant corporate finance roles
- Strong personal interest in the areas of climate change and ESG
- Demonstrably strong business English writing skills are essential
- Intermediate Excel skills
- Strong analytical and quantitative skills
- Excellent communicator - both verbally and in writing
- Experience with analysing large, unstructured datasets desirable, but not essential
- Ability to meet tight deadlines
- Ability to work well independently as well as part of a small team, is essential
- Bachelor's Degree with a specialty in Finance, Economics, Accounting, Maths or Statistical Sciences from a reputable global or domestic academic institution. Candidates with a strong academic background in ESG will also be considered
Some travel in Europe and beyond may be required.
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.
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Fitch 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 is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.
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