Analyst- Structured Finance (CLO)

The Team: Morningstar DBRS' 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 Collateralized Loan Obligations (CLO) backed securitization space. Basic experience in Python, SQL and VBA would also be required. 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 the US Structured Credit Group.
Responsibilities: • Analyze the credit risk in structured credit 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 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. 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• Work with Credit Operations to ensure analytics governance compliance across Predictive Models, Cash Flow Engines, and Analytical Tools w.r.t. the SC business.• Understand the domain and implement quick fix solutions to align the development activities with dynamic business needs.
Requirements: • Academic background in mathematics, statistics, engineering or other quantitative discipline.• A master's degree required, CFA or FRM preferred.• 3-5 years of experience in Structured Finance, experience on CLO/CDO/MML (Structured Credit) at a rating agency is a plus.• Expertise on Microsoft Excel, Visual Basic for Applications (VBA) and MSSQL. Knowledge on python will be a plus.• Excellent writing, communication, and quantitative/analytical skills.• Creative thinker who is adept at taking an analytical approach to problem solving.• Experience with Intex / any Cashflow Modelling platform is a plus.• Proficiency in other programming languages a plus
Morningstar DBRS 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 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.
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