Bring your judgement to the companies behind Europe’s economy.

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At Ethikos, we are looking for a Senior Credit Rating Analyst with strong German and English skills for a specialist European rating agency based in Madrid. You will combine rigorous financial analysis with an understanding of how businesses operate, focusing on European SMEs and mid-caps.

This is a role for someone who enjoys forming an independent, well-supported view of a company, explaining the reasoning behind it and contributing to rating decisions. Alongside your analytical work, you will help improve the tools and processes the team uses.

What you will do

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- Prepare credit rating reports and solvency analyses, combining financial and qualitative assessment.

- Monitor rated companies and assess changes in their credit profile.

- Participate in the Rating Committee.

- Contribute to the development and improvement of analytical tools and processes.

What you bring

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- Around eight years of relevant company-analysis experience, or around six years complemented by a relevant master’s degree or CFA qualification.

- Experience analysing European companies, particularly SMEs and mid-caps, with a strong focus on Eastern European markets.

- A degree in Business Administration,



Economics or an equivalent qualification.

- English at C1 level or above and German at full professional or bilingual proficiency.

- Strong technical and qualitative analytical judgement, initiative and a proactive approach.

- Knowledge of an Eastern European language would be an advantage. Spanish is not required.

Why explore this opportunity?

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- Develop your credit rating expertise in an agency specialising in SMEs and mid-caps.

- Work in an international context, with exposure to European businesses and participation in rating committees.

- Access training and professional development opportunities in a technology-focused environment.

- Join a B-Corp environment with strong corporate values.

- Make a practical contribution to the quality of credit analysis and the tools behind it.

Location and working arrangement

The role is based in Madrid . Daily attendance at the Madrid office is required during the first six months. After that initial period, the role is hybrid, with two days per week in the office .

At Ethikos, we are committed to a fair, inclusive selection process. xhfqzwm We assess each application on relevant skills, experience, potential and values, regardless of ethnic background, gender, sexual orientation, religion or disability.

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📌 Senior Credit Rating Analyst | German-Speaking | Madrid
🏢 Ethikos 3.0
📍 Madrid