Assistant Vice President, Credit Ratings, US RMBS

Company Background:

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, we are one of the top four credit rating agencies in the world and a market leader in Canada, the U.S. and Europe in multiple asset classes.

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.

Job Description:

About the Role:
The Morningstar DBRS 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.

Role and 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.

Professional Experience, Skills & Qualifications:

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.

Base Salary Compensation Range:
$95,000 – $150,000

Bonus Target:
20%

https://dbrs.morningstar.com/about