Assistant Vice President, Credit Ratings, US RMBS

Posted 22 Days Ago
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New York, NY
Hybrid
95K-150K Annually
Mid level
Enterprise Web • Fintech • Financial Services
The Role
The Assistant Vice President will conduct new ratings for U.S. RMBS transactions, perform collateral assessments, cash flow analysis, and legal document reviews. Responsibilities include presenting analysis, conducting scenario analysis, developing criteria, and publishing industry commentaries while interacting with clients and stakeholders.
Summary Generated by Built In

About the Role
The DBRS Morningstar U.S. RMBS team is seeking a ratings analyst with strong quantitative and analytical skills at the Assistant Vice President level. The role is based in New York, New York as part of the Global Structured Finance team. The successful candidate will primarily conduct all the activities required to assign new ratings for U.S. RMBS transactions, including collateral assessment, cash flow analysis, third-party due diligence, and legal document reviews.
Candidate should be willing to work in an environment with a strong focus on teamwork and have strong work ethics, an analytical and quantitatively oriented mind-set, and attention to details. The successful candidate will possess the interpersonal, presentation, and communication skills necessary to work with all levels of professionals, executives, and external contacts. The role offers wide opportunities to develop structured finance experience in a client facing environment.
Job Responsibilities

  • Act as a ratings analyst on structured finance transactions with minimal supervision, and present analysis to rating committee.
  • Perform transaction analysis including analysis of collateral, deal structure, and legal issues.
  • Focus on key credit issues during the new issue rating process.
  • Test cash flows to confirm accuracy and robustness of cash flow models. Conduct scenario/sensitivity analysis and communicate analysis to senior staff and colleagues.
  • Conduct analysis to evaluate the credit profile of securities and review related legal documents.
  • Participate in criteria development and enhancement of structured finance models.
  • Produce and publish industry commentaries and newsletters.
  • Participate in external meetings with bankers, investors, and originators.


Qualifications

  • Completion of bachelor's degree in finance, math, economics, computer science, engineering, or any other related field.
  • 4+ years of experience in structured finance.
  • Proficiency in Microsoft Excel and Microsoft Office programs. • Robust understanding of credit & legal aspects of structured finance transactions in the residential mortgage product area.
  • Strong quantitative and analytical skills, with a high attention to detail. Excellent written and verbal communication and interpersonal skills.
  • Self-starter and team player with demonstrated ability to work in a fast-paced environment.
  • Personable, eager to learn, organized, deadline driven, and systems oriented. Familiarity with structured products market and technical expertise in using fixed income analytical systems such as Intex (Dealmaker, Calc) and Bloomberg.


Nice to have

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


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 Leave & Paternity 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
$95,000.00 - $150,000.00
Bonus Target %
20
R06_DBRSInc DBRS, Inc. - US Legal Entity
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.

Top Skills

Python
VBA

What the Team is Saying

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The Company
HQ: Chicago, IL
12,700 Employees
Hybrid Workplace
Year Founded: 1984

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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