The Role
About the role
Morningstar DBRS is seeking a full-time Analyst to join its Financial Institutions Group in Madrid or Frankfurt. Reporting to the Senior Vice President, Sector Lead, the successful candidate will support lead analysts in assigning and monitoring ratings for European banks, insurance companies, investment management companies, and non-bank financial institutions.
In addition, the Analyst will participate in various ongoing projects and contribute to commentaries within the European FIG team. Key responsibilities include performing financial statement analysis, creating and maintaining industry databases, and supporting lead analysts in preparing press releases, rating reports, and commentaries. The Analyst will also acquire a broad understanding of sector-specific rating methodologies and criteria.
Responsibilities
This position may require occasional European travel.
Qualifications
Base Salary Compensation Range
EUR 42,000.00-57,800.00
Bonus Target:
10% Annual
Base Salary Compensation Range
0.00-0.00
Bonus Target:
We expect the compensation and target bonus for this role to fall within the stated range. The specific compensation offered will depend on the candidate's qualifications, experience, and other job-related factors.
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.
Morningstar DBRS is seeking a full-time Analyst to join its Financial Institutions Group in Madrid or Frankfurt. Reporting to the Senior Vice President, Sector Lead, the successful candidate will support lead analysts in assigning and monitoring ratings for European banks, insurance companies, investment management companies, and non-bank financial institutions.
In addition, the Analyst will participate in various ongoing projects and contribute to commentaries within the European FIG team. Key responsibilities include performing financial statement analysis, creating and maintaining industry databases, and supporting lead analysts in preparing press releases, rating reports, and commentaries. The Analyst will also acquire a broad understanding of sector-specific rating methodologies and criteria.
Responsibilities
- Assist Lead analysts in preparing analytical materials for credit rating committees and for the monitoring of existing credit ratings, as well as contributing to issuer and sector research.
- Participate as an observer in rating committees, draft rating committee minutes and update internal. databases to reflect committee decisions.
- Perform financial statement analysis.
- Adhere to regulatory and company procedures.
- Acquire a solid understanding of covered sectors and of relevant rating methodologies.
This position may require occasional European travel.
Qualifications
- Degree in economics, finance, statistics, accounting or related field. CFA designation or enrollment in the CFA program is preferred.
- Numeracy and proficiency in Microsoft Excel, graphic creation and database management are essential.
- Some professional or academic experience in credit analysis of financial institutions is preferred.
- Detail-oriented research abilities.
- Ability to manage multiple projects, work closely with others as well as independently, and produce detailed work in a dynamic environment.
- Excellent communication skills in English. Fluency in Spanish, German, and/or another European language is a plus.
Base Salary Compensation Range
EUR 42,000.00-57,800.00
Bonus Target:
10% Annual
Base Salary Compensation Range
0.00-0.00
Bonus Target:
We expect the compensation and target bonus for this role to fall within the stated range. The specific compensation offered will depend on the candidate's qualifications, experience, and other job-related factors.
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.
What the Team is Saying
Anna
Team Lead of Software Engineering
Upasna
Software Engineer, Data Collections - AI R&D
Saurabh
Senior Software Engineer
Wendell
Head of Sales, Institutional Equity Research
Raaghavendar
Associate Software Engineer
Jeff
Head of Technology and Product
Morningstar Compensation & Benefits Highlights
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Leave & Time Off Breadth — A recurring paid sabbatical combined with flexible time off in North America and regionally set PTO provides substantial time-away flexibility. Paid volunteer days further broaden the time-off offering.
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Parental & Family Support — A global minimum of paid parental leave for primary and secondary caregivers, along with paid caregiving leave, signals strong family support. Adoption-assistance reimbursement adds another layer of care for growing families.
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Retirement Support — Retirement programs include employer matching or fixed contributions and free access to Morningstar retirement-planning tools. These elements support long-term savings alongside the broader total-rewards package.
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The Company
What We Do
At Morningstar, we believe in building great products in-house in a highly collaborative, agile environment where we focus on technical excellence, the user experience, and continuous improvement. Our technologists represent a range of skills and experience levels, but they all view their work as a craft and push technology’s boundaries.
Why Work With Us
Imagining big things is in our blood -- it's transformed us from a company with just a few employees in 1984 to a leading independent investment research company with a worldwide presence today. As of April 2020, we acquired Sustainalytics to drive long-term meaningful outcomes for investors in the ESG space. Join us on this exciting journey!
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Morningstar Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Typical time on-site:
3 days a week
