Assistant Vice President - US Structured Credit, Funds - Surveillance

Reposted 7 Days Ago
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New York, NY
Hybrid
95K-154K Annually
Senior level
Enterprise Web • Fintech • Financial Services
Empowering Investor Success
The Role
The AVP will lead credit rating surveillance, conduct portfolio analysis, prepare committee materials, and mentor junior analysts within the US Structured Credit team.
Summary Generated by Built In
About the Role
The U.S. Structured Credit (US SC) team is looking for an Assistant Vice President (AVP) to support its
growing portfolio of credit ratings as a surveillance analyst.
US SC is a credit rating analytics team that assigns credit ratings, monitors credit ratings, develops
research and maintains credit rating methodologies for investment fund debt, collateralized loan obligations (CLOs), other corporate securitizations and bespoke credit rating opportunities.
Job Responsibilities
  • Lead analyst responsible for monitoring transaction performance and surveilling existing credit ratings.
  • Complete credit ratings administration for surveillance including record retention, credit rating committee coordination and publishing liaison.
  • Conduct portfolio analysis using Morningstar DBRS developed predictive models and credit rating methodologies.
  • Prepare and present detailed discussion and committee memos for US SC credit rating committees.
  • Draft credit rating letters, press releases, and other relevant disclosures.
  • Assist with data analysis applying MDBRS rating methodologies and analytical tools.
  • Assess legal, regulatory, counterparty and other risks related to US SC credit ratings.
  • Train and mentor junior analysts to support credit ratings administration including record retention, credit rating committee coordination and publishing.
  • Respond to client and colleague inquiries regarding methodologies, analysis and research.
  • Coordinate with other MDBRS teams to support credit rating surveillance, analysis, administration and research.

Qualifications
  • Completed a bachelor's degree.
  • 5-7 years' relevant experience, which could include:
    o Funds or Structured Finance ratings-related work,
    o Middle office or financial reporting background,
    o Credit or counterparty risk management focusing on credit funds, or
    o Other relevant experience as a market participant.
  • Strong interest in credit funds, CLOs, private credit and private equity encouraged.
  • Advanced knowledge and practical skills in using Microsoft Excel, with the ability to track and manipulate data to provide accurate reporting.
  • Demonstrated analytical abilities, with a high attention to detail and producing high quality work.
  • Willingness and ability to learn new analytical approaches proactively.
  • Self-starter with ability to prioritize and complete critical work quickly, independently and with a sense of urgency.
  • Ability to work in a fast-paced environment, multi-tasking to multiple deadlines.
  • Must be a team player with strong interpersonal skills with the ability to motivate team members to produce timely and accurate work product.

Nice to Have
  • Knowledge of analytical programming language (VBA, Python, etc.) is a plus.
  • Middle Office/Operational Experience providing Front Office & Management Support

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.
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 Caregiving Leave
    • Competitive 8-24 Week Paid Parental Bonding 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 - 154,000.00 USD Annual
Incentive Target Percentage
20% Annual
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.
R06_DBRSInc DBRS, Inc. - US Legal Entity

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The Company
HQ: Chicago, IL
12,700 Employees
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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