at Morningstar, Investment Management, LLC in New York, New York, United States
Job Description
About the Role
The Morningstar DBRS U.S. RMBS team is seeking a ratings analyst with strong quantitative and analytical skills at the Assistant Vice President level. The role is based in New York, New York as part of the Global Structured Finance team.
The successful candidate will primarily conduct all the activities required to assign new ratings for U.S. RMBS transactions, including collateral assessment, cash flow analysis, third-party due diligence, and legal document reviews. Candidate should be willing to work in an environment with a strong focus on teamwork and have strong work ethics, an analytical and quantitatively oriented mind-set, and attention to details.
The successful candidate will possess the interpersonal, presentation, and communication skills necessary to work with all levels of professionals, executives, and external contacts. The role offers wide opportunities to develop structured finance experience in a client facing environment.
Job Responsibilities
Act as a ratings analyst on structured finance transactions with minimal supervision, and present analysis to rating committee.
Perform transaction analysis including analysis of collateral, deal structure, and legal issues.
Focus on key credit issues during the new issue rating process.
Test cash flows to confirm accuracy and robustness of cash flow models. Conduct scenario/sensitivity analysis and communicate analysis to senior staff and colleagues.
Conduct analysis to evaluate the credit profile of securities and review related legal documents.
Participate in criteria development and enhancement of structured finance models.
Produce and publish industry commentaries and newsletters.
Participate in external meetings with bankers, investors, and originators.
Qualifications
Completion of bachelor's degree in finance, math, economics, computer science, engineering, or any other related field.
4+ years of experience in structured finance.
Proficiency in Microsoft Excel and Microsoft Office programs.
Robust understanding of credit & legal aspects of structured finance transactions in the residential mortgage product area.
Strong quantitative and analytical skills, with a high attention to detail.
Excellent written and verbal communication and interpersonal skills.
Self-starter and team player with demonstrated ability to work in a fast paced environment.
Personable, eager to learn, organized, deadline driven, and systems oriented.
Familiarity with structured products market and technical expertise in using fixed income analytical systems such as Intex (Dealmaker, Calc) and Bloomberg.
Nice to have
Master's degree in finance, math, economics, computer science or any other related field.
VBA, Python, or other basic programming skills.
Base Salary Compensation Range:
$95,000 - $150,000
Bonus Target:
20%
.
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide-range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
Financial Health
75% 401k match up to 7%
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
Physical Health
Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plansand coverages
Additional medical Wellness Incentives - up to $300-$600 annual
Company-provided long- and short-term disabilityinsurance
Emotional Health
Trust-Based Time Off
6-week Paid Sabbatical Program
6-Week Paid Family Leave & Paternity Leave
Adoption Assistance
Leadership Coaching & Formal MentorshipOpportunities
Annual Education Stipend
Tuition Reimbursement
Social Health
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups
.
Base Salary Compensation Range$95,000.00 - $150,000.00
Bonus Target %20R06_DBRSInc DBRS, Inc. - US Legal Entity
Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. While some positions are available as fully remote, we've found that we're at our best when we're purposely together on a regular basis, typically three days each week. A range of other benefits are also available to enhance flexibility as needs change.... For full info follow application link.
Morningstar and its subsidiaries are an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity, parental status, or other legally protected characteristics or conduct.