Analyst

The Team: Morningstar`s structured credit ratings and research subsidiary is a Nationally Recognized Statistical Ratings Organization (NRSRO) that has earned a reputation for innovation and excellence in the structured finance market. This group aims to increase market transparency and provides the highest quality ratings through securities research, monitoring services, data, and technology solutions.
The Role: We are looking for solid individual contributors with good problem solving, analytical thinking in the securitization space with experience in the credit rating process and basic understanding of SQL and VBA. This role will provide unique opportunities for mastering the key aspects of our business including in-depth collateral and deal analysis. You will be part of a team responsible for rating the structured finance securities including Residential Mortgage Backed Securities (RMBS), Commercial Mortgage Backed Securities (CMBS) and Asset Backed Securities (ABS).
Responsibilities:

• Analyze the credit risk in SF securities by performing tasks that includes reviewing deal documents, legal documentation, analyzing periodic data and preparing / running cash flow models both in-house and external modeling platforms.
• Assist the rating analyst in preparing rating committee note, rationale and building and maintaining various databases relating to underlying collateral.
• Collect, organize, and analyze data from internal and external sources for use in criteria development, ratings, and research reports.
• Maintain regular and open communication with the operations team and technology team about assigned tasks, priorities and ensure applications under development meet the defined requirements and pass the user acceptance testing prior to its release.
• Understand the domain and implement quick fix solutions to align the development activities with dynamic business needs.

Requirements:

• 3-6 years of experience in Structured Finance, experience at a rating agency is a plus.
• A master`s degree required, CFA or FRM preferred.
• Expertise on Microsoft Excel, Visual Basic for Applications (VBA) and MSSQL.
• Excellent writing, communication, and quantitative/analytical skills.
• Creative thinker who is adept at taking an analytical approach to problem solving.
• Experience with Intex, Trepp and CBRE is a plus.

Morningstar is an equal opportunity employer.
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.
If you received 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.