Credit Analyst (Analyst / Senior Analyst) Financial Institutions - Benelux Banks - Warsaw

Fitch Ratings is currently seeking a Credit Analyst (Analyst / Senior Analyst) in the Financial Institutions - Benelux Banks team based out of our Warsaw/Madrid office (other continental Europe locations also possible).   

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. 

Want to learn more about a career as a credit analyst at Fitch Ratings? Visit: https://careers.fitch.group/content/Credit-Analysts/  

About the Team:

The Fitch Ratings Financial Institutions Group has actively built the agency into the global leader in bank credit rating coverage. Our experienced analysts provide comprehensive, timely and transparent coverage of major institutions around the world, as well as unparalleled coverage of smaller companies. Our analysts offer a diversity of talent and backgrounds, with experience in regulatory oversight, counterparty analysis, auditing, investment banking, buy-side investing and more

We are currently looking for an Analyst / Senior Analyst to join our Western European Banks team to be based in Warsaw or Madrid (other locations such as Frankfurt could be also considered), focusing predominantly on the ratings of banks in the Benelux.  In this role, candidates will gain hands-on exposure to bank credit analysis in a dynamic international environment, working closely with experienced analysts across a wide range of markets. The role offers a steep learning curve, significant analytical responsibility from an early stage, and exposure to senior management at rated institutions

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How You’ll Make an Impact:

• Monitoring a portfolio of issuer ratings, including the preparation of rating committee documentation


• Analysing the financial institutions sector and individual bank data across diverse operating environments, while developing an understanding of how economic, regulatory, and market developments influence credit profiles


• Updating and enhancing internal analytical tools used for peer analysis and charts


• Drafting and publishing comprehensive rating reports on individual issuers


• Participating in credit rating committees for banks in their allocated region and other countries, with exposure to a broad range of business models and credit considerations


• Interacting with issuer contacts and gaining valuable exposure to senior management at banks through rating meetings and ongoing dialogue


• Contributing to sector-specific research and commentary, including the preparation of peer data, country snapshots and sector background information


• Supporting the wider team in the coverage of other banks in the portfolio; including reviewing annual and quarterly accounts, responding to ad-hoc data requests, and helping to prepare committee packs

You May be a Good Fit if You Have:

• Proven analytical experience (between 2 and 5 years), ideally in credit- or audit-related fields, gained from working at a commercial/investment bank, accountancy firm, buy-side firm, regulatory authority, rating agency, or similar.


• Background in either financial institutions or corporate credit analysis. Experience in developed markets bank analysis is desirable.


• Excellent demonstrable written and verbal communication skills in English and Italian or Spanish are essential.


• Good educational background to at least a first university degree level, preferably with professional qualifications (such as CFA).


• Ability to work independently as well as being a good team player.


• Ability to cope with time pressure and work to deadlines.


• Strong writing and communication skills as well as strong command of financial statement analysis.


• Proficient in Excel.

This position will involve occasional travel.

Why Choose Fitch:  

• Hybrid Work Environment: 3 days a week in office required  

• 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 Resource Groups that unite and empower our colleagues around the globe 

• Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community 

At Fitch, AI is embedded in how we work every day—supporting smarter decision-making, streamlining workflows, and enabling new ways to create value for our business and clients. Intelligent solutions are increasingly part of our day-to-day operations, helping teams work more efficiently and think differently as we continue to evolve. We’re looking for colleagues who are comfortable operating in an AI-enabled environment—or who are curious, adaptable, and eager to build their AI literacy over time. We value professionals who embrace technology as part of continuous learning and who are committed to using it thoughtfully to enhance how work gets done. 

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 interest 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 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.  

Expected annualized salary for the role will be between 140,000 - 160,000 PLN (analyst level) and 180,000 – 200,000 PLN (senior analyst level) per annum. 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 such as pension, health and life insurance sponsored by Fitch. 

Disclaimer on Benefits Information 

In accordance with the requirements of the EU Pay Transparency Directive, the benefits described in this job advertisement represent a general overview and do not constitute the full list of benefits available for this position. Comprehensive and final details regarding compensation and benefits will be provided to candidates at the offer stage. 

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