Fitch Ratings is a global credit ratings agency that plays a critical role in capital markets by providing credit analysis, ratings, research, and commentary to financial market participants.

Structured Finance – Asset-Backed Securities, Associate Director (Toronto)

Location: Toronto, ON, CA

Fitch Ratings is seeking an Associate Director to join the Asset-Backed Securities Group in our Toronto office.

The Associate Director will lead rating and research on ABS projects, with an initial focus on U.S. auto loan, auto lease, and equipment leasing sectors.

About the Team:

- Team-oriented work environment with a focus on communication, productivity, and results
- Opportunity to be a lead coverage analyst at a global rating agency
- Role that supports debt capital markets through timely, insightful rating actions and research

How You’ll Make an Impact:

- Analyze critical credit, legal, and structural elements of ABS transaction structures
- Assist in developing rating criteria, write reports, and provide analytical recommendations
- Deploy and implement cash‑flow models and tools used in the rating process
- Lead and/or support research projects
- Maintain assigned rating relationships

You May be a Good Fit if:

- BA/BS degree with a minimum of 4 years of structured finance or ABS experience
- Exceptional communication (especially writing) and strong quantitative and technical expertise
- Self‑motivated, able to manage timelines across multiple projects, with strong time‑management and organization skills
- Understanding of credit fundamentals and a willingness to learn new concepts and techniques quickly

What Would Make You Stand Out:

- Prior structured finance experience from a credit perspective
- Cash‑flow modeling or loss forecasting analysis experience

Why Choose Fitch:

- Hybrid work environment:



2 to 3 days a week in office required based on business needs and location
- Culture of learning & mobility with dedicated training, leadership development, and mentorship programs
- Investing in your future with retirement planning and tuition reimbursement programs
- Comprehensive health care offerings for physical, mental, financial, and occupational wellbeing
- Family‑friendly policies, including a generous parental leave plan
- Inclusive community with Employee Resource Groups and a collaborative workplace culture
- Paid volunteer days, matched donation funding, and ample community volunteer opportunities

Fitch is committed to providing global securities markets with objective, timely, independent and forward‑looking credit opinions. To protect Fitch’s credibility and reputation, employees must maintain the highest ethical standards and avoid conflicts of interest. Should you be successful in the recruitment process, you will be asked to declare any securities holdings or potential conflicts prior to commencing employment, and may be required to divest holdings if necessary.

Fitch is a proud 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, or other status protected by law.

Expected base pay rates for this role are between CAD 135,000 and 160,000 per year. Actual salaries will be determined on an individual basis and may vary based on education, training, experience, past performance, and other job‑related considerations. Base pay is one component of Fitch’s total compensation package, which may include commission earnings, discretionary bonuses, long‑term incentives, and other advantages sponsored by Fitch, depending on the position.

📌 Structured Finance (Toronto)
🏢 Fitch Group
📍 Toronto