Senior Analyst, Credit Ratings - RMBS at Morningstar DBRS

About the Role

The Morningstar DBRS U.S. RMBS team is looking for a Senior Analyst to join the Global Structured Finance team in New York, New York.

The successful candidate will conduct the full range of activities required to assign new ratings for U.S. residential mortgage-backed securities (RMBS) transactions, as well as other relevant rating actions. The role requires strong analytical and quantitative skills, attention to detail, and the ability to thrive in a collaborative, team-oriented environment.

The ideal candidate will also possess the interpersonal, presentation, and communication skills necessary to engage effectively with professionals at all levels, including external stakeholders. This position offers significant opportunities to build structured finance expertise in a client-facing environment.

Job Responsibilities

• Analyze credit and legal aspects of RMBS transactions, including collateral, deal structure, and documentation.
• Focus on key credit issues during the new issue rating process.
• Perform transaction analysis and present findings to the rating committee.
• Review banker cash flow models and provide feedback on structural aspects of transactions.
• Participate in criteria development and enhancements of structured finance models.
• Produce and publish newsletters with minimal supervision.
• Participate in meetings with bankers, investors, and originators

Qualifications

• Bachelor’s degree in finance, economics, mathematics, computer science, engineering, or a related field.
• Minimum 2 years of professional experience, preferably within banking, accounting, or structured finance.
• Proficiency in Microsoft Excel and Microsoft Office programs.
• Excellent analytical skills with strong attention to detail.
• Personable, eager to learn, organized, deadline-driven, and systems-oriented.
• Cash flow structuring experience.
• General structured finance experience.

Nice to have

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

We are not considering candidates who require sponsorship now or in the future

About Us
Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world.

Morningstar DBRS empowers investor success by bringing more transparency and a much-needed diversity of opinion in the credit rating industry. Our approach and size allow us to be nimble enough to respond to customers' needs in their local markets, but large enough to provide the necessary expertise and resources they require. Market innovators choose to work with us because of our agility, tech-forward approach, and exceptional customer service.

Morningstar DBRS is the next generation of credit ratings.

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 Caregiving Leave
  • Competitive 8-24 Week Paid Parental Bonding 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

Base Salary Compensation Range

$90,000.00 - 120,000.00 USD Annual

Incentive Target Percentage

15% Annual

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 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.

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