U.S. RMBS Credit Ratings, Vice President – New York

Morningstar DBRS is seeking a ratings analyst with strong quantitative and analytical skills to join the Global Structured Finance group on the U.S. RMBS Credit Ratings team as a Vice President in New York.

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. The candidate should be willing to work in an environment with a strong focus on teamwork, have strong work ethic, have an analytical and quantitatively oriented mind-set, and pay 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.

• →Act as a lead analyst on structured finance transactions, 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.
• →Build and maintain relationships with bankers, investors and originators.

• Completion of bachelor’s degree in finance, math, economics, computer science, engineering, or any other related field.
• 5+ 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.

• Master’s degree in finance, math, economics, computer science or any other related field.
• VBA, Python, or other basic programming skills.

If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentiality to our Compliance team (days vary by region). These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker.

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.