Fitch Ratings is currently seeking a Credit Analyst (Analyst / Senior Analyst) for the Financial Institutions – Benelux Banks team based out of our Warsaw or Madrid office (other continental Europe locations may also be considered).
As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplemental credit analysis, ratings, research, and commentary to financial market participants. For over 100 years, we have created value for global markets through rigorous analysis and deep expertise, resulting in a variety of market‑leading tools, methodologies, indices, research, and analytical products.
About The Team The Fitch Ratings Financial Institutions Group has built the agency into the integral leader in bank credit rating coverage. Our analysts provide comprehensive, timely, and transparent coverage of major institutions and smaller companies, drawing on experience in regulatory oversight, counterparty analysis, auditing, investment banking, and buy‑side investing.
Analyze the financial institutions sector and individual bank data across diverse operating environments, developing an understanding of how economic, regulatory, and market developments influence credit profiles.
Update and enhance internal analytical tools used for peer analysis and charts.
Participate in credit rating committees for banks in your region and other countries, gaining exposure to a broad range of business models and credit considerations.
Interact with issuer contacts and gain valuable exposure to senior management at banks through rating meetings and ongoing dialogue.
Contribute to sector‑specific research and commentary, including the preparation of peer data, country snapshots, and sector background information.




Support the wider team in covering other banks in the portfolio, including reviewing annual and quarterly accounts, responding to ad‑hoc data requests, and helping to prepare committee packs.
Proven analytical experience (between 2 and 5 years), preferably in credit or audit‑related fields, gained at a commercial/investment bank, accountancy firm, buy‑side firm, regulatory authority, rating agency, or similar organization.
Background in financial institutions or corporate credit analysis; experience in developed markets bank analysis is desirable.
Excellent written and verbal communication skills in English and either Italian or Spanish.
Good educational background to at least a first university degree level, preferably with professional qualifications such as CFA.
Strong command of financial statement analysis.
Proficiency in Excel.
Hybrid Work Environment: 3 days a week in office required.
Dedicated training, leadership development, and mentorship programs.
Retirement planning and tuition reimbursement programs.
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. 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.
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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📌 Credit Analyst (Analyst / Senior Analyst) Financial Institutions - Benelux Banks - Madrid
🏢 Fitch Ratings
📍 Madrid