Analyst/ Senior Analyst, Bank Ratings, Indonesia

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Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective and insights we provide have helped fund a century of growth and enables you to make important credit judgments with confidence.

Department Overview

The Fitch Ratings Financial Institutions Group has actively built the agency into the global leader in bank credit rating coverage. The Group is also experiencing growing coverage of non-bank financial institutions (NBFIs), including asset managers, securities firms, leasing/factoring companies and captives. Our experienced analysts provide comprehensive, timely and transparent coverage of every major institution 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, investment banking, buy-side investing, accounting and more.

The FI group's rating process utilises a set of rating scales that are unique to Fitch Ratings. The Viability Rating, which expresses Fitch Ratings' view of a bank's stand-alone financial profile, is combined with the Support Rating to arrive at the Issuer Default Rating, an anchor for its debt issue ratings. Fitch Ratings' Support Rating and Support Rating Floors provide important insight relative to the likelihood and nature of external support should the financial institution experience financial difficulties. Ratings guidelines are applied to long and short-term foreign currency ratings; long and short-term local currency ratings; and National ratings for emerging markets (non-comparable across borders).

Quantitative aspects of a financial institution's strengths and weaknesses are reviewed, such as balance sheet integrity, profitability, cash flow generating ability and risk management. The analysts also evaluate qualitative factors of the institution, such as strategy and quality of management, the environment in which it operates, and the most likely future development of its business. Final rating determinations are made by committees comprised of lead analysts and seasoned independent committee members, including Fitch Ratings senior management.

PT Fitch Ratings Indonesia was established in 2005 and Fitch is the only international rating agency with a local presence in Indonesia. Fitch covers around 50 financial institutions in Indonesia with ratings assigned and monitored on both international and national rating scales.

Role And Responsibilities

Reporting to Financial Institution (FI) Ratings Team Head, Jakarta, this senior analyst role will be responsible for bank ratings under the Indonesian team's coverage.

Duties Include

The Senior Analyst will support the development of Fitch’s franchise in the region by increasing the breadth and depth of bank credit research with a primary focus on Indonesia. They will develop in-depth knowledge of the Fitch-rated banks and general credit trends, producing high-quality research and ratings reports.

• Analytical coverage of a number of Indonesian banks, including support of other analysts in a secondary capacity
• Present credit views and rating recommendations to committees composed of colleagues from other Fitch offices
• Adherence to Fitch’s internal policies and procedures
• Support team head
• Produce timely market commentary in support of analytical work
• Other ad hoc tasks as they arise
• Maintain analytical relationships with these entities, including through regular meetings and communication of rating outcomes to senior management
• Actively participate in rating committees for entities in other markets and contribute to broader internal analytical discussions within Fitch, and challenge the opinions of others (including more senior colleagues)

Experience, Qualifications And Skills

• A minimum of 4 years credit experience working in another credit rating agency, bank / investment bank, regulator, investment manager (or similar institution) or consultancy/accounting firm
• Proficiency in use of Excel/Word/PowerPoint
• Ability to analyse financial institutions in depth for the purpose of assigning credit ratings
• Willing to be forthright/outspoken in internal/external discussions and challenge opinions of others (including of more senior colleagues)
• Strong analytical and quantitative skills with attention to detail
• Ability to work well independently in an international environment yet contribute to team objectives, is essential
• Demonstrable inquisitive, broad-minded and forward-thinking analytical nature, with international perspectives in relation to credit matters
• Ability to communicate well with internal and external constituents
• Resourcefulness in terms of managing challenges associated with data collection and analysis
• Fluent English and Bahasa Indonesia oral communication skills essential; demonstrably strong business English and Indonesian writing skills are 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.

For more information please visit our websites: www.fitchratings.com | www.fitchsolutions.com | www.fitchlearning.com

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.

UNITED STATES ONLY: As part of its continued efforts to maintain a safe workplace for employees, Fitch requires that all employees who receive a written offer of employment on or after October 4, 2021 be fully vaccinated (as defined by the CDC) against the coronavirus by the first day of employment as a condition of employment, to the extent permitted by applicable law. Fitch will consider requests for reasonable accommodations due to medical and/or religious reasons on an individual basis in accordance with applicable legal requirements.

FOR NEW YORK ROLES ONLY: The anticipated base salary range for this full-time position is $ [X] to $ [X], depending on factors such as experience, education, level, skills, and location. Additionally, this position is eligible for annual performance-based incentive plan as well a competitive benefits package that includes (but not limited to) medical, dental, vision, parental leave, paid time off, a 401(k) plan with employee & company contribution options, life/disability/accident insurance and tuition reimbursement.