Summary
Morningstar DBRS's Global Sovereign Ratings team is seeking a highly motivated individual with an interest in government finance and credit analysis to join its team in Toronto as a Vice President. The ideal candidate will have at least five years' experience as a lead analyst covering public finance credit ratings in the U.S. and Canada. Working closely with the Sector Lead and the other members of the Global Sovereign Ratings team, the successful candidate will be responsible for the coverage of a broad range of public sector entities in North America, including states, provinces, territories, municipalities, public and not-for-profit (NFP) universities and hospitals, and other government-related entities.
Primary Responsibilities
- Assume lead analyst coverage of existing public finance ratings, including states/provinces, municipal governments, universities, hospitals, and other government-related entities.
- Perform issuer and industry research, financial statement analysis, assess issuer forecasts and management strategy to inform rating recommendations.
- Produce timely, high-quality credit reports and commentaries on rated issuers and industry trends; engage with media and handle investor queries on rated issuers.
- Interact with and maintain relationships with issuers, investors, and intermediaries.
- Respond to and lead new rating opportunities and assignments in both the Canadian and U.S. public finance sector.
- Contribute to the refinement of research products and rating methodologies.
- Oversee the work of junior analysts; help train and mentor less experienced team members.
- Adhere to rigorous regulatory requirements, including detailed record-keeping, training, and compliance with Morningstar DBRS policies and procedures.
Requirements
- Seven years of public policy or finance experience, with a minimum of five years in a public finance credit or analysis role.
- Bachelor's and/or Master's degree in Economics, Finance, Public Policy, Public Administration, or another relevant discipline.
- Knowledge of broader public sector and not-for-profit entities and of the functioning of various levels of government.
- Solid research and analytical skills, with a thorough attention to detail.
- Strong communication skills, both oral and written.
- Self-starter and strong team player.
- Ability to meet deadlines while producing high quality work.
French language skills and completion of the CFA program would be a plus.
Note: The above is for a Vice President position. An attractive but less experienced candidate may be considered for an Assistant Vice President position
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.
R08_DBRSLtdCanada DBRS Limited - Canada Legal Entity
Skills Required
- Seven years of public policy or finance experience
- A minimum of five years in a public finance credit or analysis role
- Bachelor's and/or Master's degree in Economics, Finance, Public Policy, Public Administration, or relevant discipline
- Knowledge of broader public sector and not-for-profit entities
- Solid research and analytical skills
- Strong communication skills, both oral and written
- Self-starter and strong team player
- Ability to meet deadlines while producing high quality work
Morningstar Compensation & Benefits Highlights
-
Leave & Time Off Breadth — Time away options include a paid six‑week sabbatical every four years and flexible time off in North America, with broad usage reported in 2024. Feedback suggests these programs are a distinctive strength by market standards.
-
Parental & Family Support — A global minimum beginning in 2025 provides at least 16 weeks paid leave for primary caregivers and up to 8 weeks for secondary caregivers, plus at least 6 weeks paid caregiving leave. This breadth positions family support as a clear pillar of the package.
-
Equity Value & Accessibility — An optional Shared Ownership program lets employees direct part of a bonus into RSUs with a 50% company match. This structure adds a notable long‑term ownership component to total rewards.
Morningstar Insights
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!
Gallery
Morningstar Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.











