Associate Quantitative Analyst, Credit Ratings

RMBS Analyst (Mumbai)
The Team: DBRS 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 Residential Mortgage Backed securitization space and experience in Python, VBA and SQL. This role will provide unique opportunities for mastering the key aspects of our business including in-depth collateral and deal analysis to client interaction. You will be part of a team responsible for rating residential mortgage backed securities (RMBS).
The Analyst will also help enhance work optimization tools, cash flow analysis tools, and credit models by working with SQL, VBA/VB Script, Intex API, Python, and other development tools. With the evolving business needs and development tools, a desire to learn and an ability to learn quickly is critical for success in this role.
Responsibilities
+ Work directly with the rating team to deliver projects and services.
+ Perform, when required, quantitative analysis in order to measure outcomes.
+ Understand core concepts around data storage and access specifically in structured data systems such as databases
+ Analyze the credit risk in residential mortgage-backed 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 like Intex Calc.
+ Assist the primary analyst in preparing rating committee note, rationale and building and maintaining various databases relating to mortgages
+ Collect, organize, and analyze data from internal and external sources for use in criteria development, ratings, and research reports. Also automate and improve data pipelines for the Research Platform.
+ 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.
+ Productionize and maintain Analytical Tools
+ Understand the domain and implement quick fix solutions to align the development activities with dynamic business needs
+ Participate actively in the design and build phases, to aim at producing high quality deliverables.
Requirements
+ Academic background in mathematics, statistics, engineering or other quantitative discipline.
+ A master's degree required, CFA or FRM preferred.
+ 0-3 years of Structured Finance experience, experience at a rating agency is a plus.
+ Proficient in Python, Data science stack (Jupyter, pandas), 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 Loan Performance, Intex, and Bloomberg is a plus.
+ Proficiency in other programming languages 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 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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