(Senior) Analyst, Financial Institutions - Italian Banks, Milan

Fitch Ratings is currently seeking a Analyst/ Senior Analyst for the Financial Institutions team covering Italian banks based out of our Milan office. 

As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplementary credit analysis, ratings, research, and commentary to financial market participants. For over 100 years, Fitch Ratings has been creating value for global markets through its rigorous analysis and deep expertise, which have resulted in a variety of market leading tools, methodologies, indices, research, and analytical products. Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries, which also includes Fitch Solutions. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

At Fitch Ratings, credit analysts play a pivotal role in moving markets, as quality credit analysis is the lifeblood of our organization. With a legacy of over a century, our unique approach to credit ratings offers unmatched opportunities for professional growth. Embracing a “challenger mindset,” you'll join a team dedicated to innovating service to our clients. Our people-driven analysis thrives on collaboration across all levels and locations, surpassing traditional financial modeling. Lastly, as part of our global community, you'll find inspiration, challenge, and support, with ample opportunities for visibility and influence in the global financial marketplace.

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About the Team

The Financial Institutions Group (FIG) has built Fitch Ratings into a global leader in bank credit ratings coverage. The team provides transparent, timely and comprehensive analysis of major institutions across the region, combining strong sector expertise with a collaborative and internationally connected working environment.

How You'll Make an Impact:

• Monitor and maintain a portfolio of bank issuer ratings, including preparing rating committee materials and supporting rating decisions.
• Perform detailed financial and credit analysis of Italian banks and other European financial institutions, including maintaining analytical tools, financial models and peer comparisons.
• Write and publish high-quality rating reports, research and market commentary that support transparency in capital markets.
• Participate in rating committees, contribute analytical opinions and engage directly with issuers' senior management through regular meetings.
• Support broader team initiatives by contributing to sector research, country analyses, peer benchmarking and ad hoc analytical projects.

You May Be a Good Fit If:

• You have approximately 2-5 years of analytical experience in credit analysis, banking, audit, financial institutions, regulation, investment banking, asset management, ratings, or a related field.
• You possess strong financial statement analysis skills and are proficient in Excel.
• You have excellent written and verbal communication skills in both Italian (native level) and English.
• You hold a university degree and have the ability to manage multiple priorities while working effectively both independently and as part of a team.

What Would Make You Stand Out:

• Experience analysing banks and an understanding of banking regulation.
• A professional qualification such as CFA or progress toward one.
• Knowledge of an additional European language such as French, German or Spanish.
• Demonstrated curiosity around innovation, including the application of AI tools to enhance analytical workflows and productivity.  

Why Choose Fitch:

• Hybrid Work Environment: 3 days a week in office required
• A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity
• Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals
• Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
• Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively
• Inclusive Work Environment : A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe
• Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community

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. Intelligent solutions are increasingly part of our day-to-day operations, helping teams work more efficiently and think differently as we continue to evolve. We’re looking for colleagues who are comfortable operating in an AI-enabled environment—or who are curious, adaptable, and eager to build their AI literacy over time. We value professionals who embrace technology as part of continuous learning and who are committed to using it thoughtfully to enhance how work gets done.

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 interest 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 proud to be an 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, and other statuses protected by law. 

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