Analyst, Credit Ratings, US ABS Surveillance

About the Role

Morningstar DBRS is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO). This Morningstar, Inc. subsidiary has earned a reputation for innovation and excellence in the structured finance market and aims to increase market transparency by providing the highest-quality ratings, securities research, monitoring services, operational risk assessments, data, and technology solutions.

We are looking for problem solvers, analytical thinkers, and solution initiators to focus on extant asset-backed securities (ABS) transactions. This role will provide unique opportunities to learn and master more than 40 segments of the ABS market as well as gaining expertise in computational and automation based processes. You will be part of a team responsible for rating ABS securitized assets such as auto loans, aircraft leases, marine containers, and many others.

This position is based in New York.

Job Responsibilities

• Analyze the credit risk in ABS by performing tasks that include collateral analysis, modeling transactions and reviewing associated documentation.
• Develop strong understanding and fundamentals of structured finance and ABS.
• The candidate would also be credit trained with expectations to assume a portfolio of transactions to surveil after the candidate has been properly trained.
• Interact with other team members to learn the department techniques and automation.
• Develop practices to query and verify data.
• Utilize original thinking to extend in-place automation.
• Assist the team in building various databases.
• Participate in credit rating committees and help in the preparation of committee presentations.

Qualifications

• Completed a bachelor’s degree in a subject such as finance, mathematics, engineering, economics or similar quantitative discipline.
• Excellent quantitative and writing skills.
• Strong communication skills.
• Curiosity and the capability to turn intuition into usable tools to advance departmental efficiency.
• Knowledge of a programming language other than VBA.
• Ability to balance multiple tasks and projects simultaneously.
• Ability to analyze large data sets and deliver largely error-free conclusions.

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 plans and coverages
  • Additional medical Wellness Incentives - up to $300-$600 annual
  • Company-provided long- and short-term disability insurance

• Emotional Health 
  • Trust-Based Time Off
  • 6-week Paid Sabbatical Program 
  • 6-Week Paid Family Leave & Paternity Leave 
  • Adoption Assistance 
  • Leadership Coaching & Formal Mentorship Opportunities
  • Annual Education Stipend 
  • Tuition Reimbursement

• Social Health 
  • Charitable Matching Gifts program
  • Dollars for Doers volunteer program
  • Paid volunteering days
  • 15+ Employee Resource & Affinity Groups 

Bonus Target %

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. No matter where you are, you’ll have tools and resources to engage meaningfully with your global colleagues.