DBRS Morningstar U.S. RMBS team is seeking a ratings analyst with strong quantitative and analytical skills at the 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 lead analyst on structured finance transactions, 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.
- Build and maintain relationships with bankers, investors and originators.
Qualifications
- Completion of bachelor’s degree in finance, math, economics, computer science, engineering, or any other related field.
- 7+ 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.
How to Apply for a Job at Morningstar
Step 1: When you find a position you’re interested in, click the ‘Apply’ button. Please fill out this form completely, attaching your resume and cover letter in the approved format. Read the job requirements carefully and make sure to attach writing or design samples as required. Applicants must submit their resume and other information through our corporate website to be considered for a job at Morningstar. No phone calls, please.
Step 2: You will receive an email notification to confirm that we’ve received your application.
Step 3: If you are called in for an interview, a representative from Morningstar will contact you to set up a date, time, and location. Be prepared for a rigorous interview process. To make sure you’re a good fit for Morningstar and we’re a good fit for you, we’ll schedule time for you to meet with multiple staff members at all levels of the company. Expect to return for multiple interviews as part of the process. A representative from Morningstar will contact you with the results of your interview—either with a job offer or to let you know our plans for the position.