Credit Analyst - Structured Finance - Analyst or Senior Analyst level - Madrid

Requisition ID:49564

Business Unit:Fitch Ratings

Category:Credit Analysis & Research

Location:Madrid, M, ES

Date Posted:Feb 27, 2026

EMEAStructured Finance is currently seeking a Credit Analyst based out of our Madrid office.
- Fitch’s European Structured Finance (SF) team maintains and assigns ratings to SF transactions across four main asset classes: Asset Backed Securities, Residential Mortgage Backed Securities, Commercial Mortgage Backed Securities and Structured Credit. The team currently maintains surveillance on over 1,500 European SF transactions.
- Furthermore, the Covered Bonds (CvB) team maintains about 100 public ratings mainly in Europe, but also in Americas and Asia-Pacific. The Madrid-based SF & CvB team comprises currently 14 analysts responsible for assigning and maintaining ratings on approximately 120 Iberian transactions, and four members are dedicated to rate European CLO transactions interacting mainly with our London colleagues.

What We Offer:




- We are currently seeking either an Analyst or Senior Analyst to join the Madrid SF & CvB team.
- The team analyses transactions in line with Fitch’s rating criteria and provides high quality credit opinions to investors and other market participants.

We’ll Count on You To:
- Implement default, recovery, and cash flow modelling.
- Reviewing transaction legal documents.
- On-site review of underwriting and servicing of transaction originators and managers.
- Preparing rating proposals for presentation to internal rating committees.
- Communicating rating rationale to investors and other market participants through presale reports, presentations, and meetings.
- Communicating with transaction arrangers and originators to understand asset characteristics and structural features of the transactions.
- Assist in the development of criteria and supporting research.

What You Need to Have:
- Knowledge of securitisation stru

📌 Credit Analyst (Madrid)
🏢 Fitch Ratings
📍 Madrid