Analyst, US RMBS Ratings - India

The DBRS Morningstar RMBS team is seeking an Analyst with strong problem-solving and analytical skills in securitization, credit rating processes, and basic SQL/VBA knowledge. This role offers unique opportunities to master credit ratings, including in-depth collateral and deal analysis. Responsibilities include quantitative and qualitative analysis of underlying loans for Residential Mortgage-Backed Securities, assisting with collateral pool analysis, running cashflows, and supporting special projects and research.

Must Have

• Analyze credit risk in Residential Mortgage-Backed Securities
• Review deal documents and legal documentation
• Run cash flow models (in-house and external like Intex Calc)
• Assist in preparing rating committee notes and rationale
• Postgraduate in Finance, CA, or CFA charter holder or equivalent qualification
• Minimum of 1-2 years of relevant experience in capital markets or structured finance credit analysis
• Expertise in Microsoft Excel, Visual Basic for Applications (VBA), MSSQL
• Excellent writing, communication, and quantitative/analytical skills

Good to Have

• Experience at a rating agency
• Knowledge of Python
• Creative thinker with an analytical approach to problem-solving
• Good inter-personal skills and ability to participate as a team player
• Highly motivated, self-starter with a positive attitude and a strong work ethic

Perks & Benefits

• Hybrid work environment (four days in-office each week in most locations)
• Range of other benefits to enhance flexibility

The Team: DBRS Morningstar is a global credit ratings business with about 800 employees in eight offices globally. Formed through the acquisition of DBRS by Morningstar, Inc., the credit ratings business is the fourth-largest provider of credit ratings in the world. DBRS Morningstar is committed to empowering investor success, serving the market through leading-edge technology, and raising the bar for the industry. DBRS Morningstar is a market leader in Canada, the U.S. and Europe in multiple asset classes. DBRS Morningstar rates more than 4,000 issuers and 56,000 securities worldwide, and is driven to bring more clarity, diversity, and responsiveness to the ratings process. Visit https://www.dbrsmorningstar.com/learn/dbrsmorningstar to learn more.

About the Role: DBRS Morningstar RMBS team is looking for candidate with good problem-solving skills and analytical thinking in the securitization space with experience in the credit rating process and basic understanding of SQL/VBA. Knowledge on Python is a plus. This role will provide unique opportunities for mastering the key aspects of our credit ratings business including in-depth collateral and deal analysis. This candidate will also be responsible for conducting quantitative and qualitative analysis on the underlying loans and properties that collateralize Residential Mortgage-Backed Securities transactions. In addition, will assist other analysts with collateral pool analysis; running cashflows & sensitivity analysis; assist with special projects/initiatives, research as needed.

Responsibilities:

• Analyze the credit risk in Residential Mortgage backed securities by performing tasks that includes reviewing deal documents, legal documentation, analyzing periodic data and preparing / running cash flow models both in-house and external like Intex Calc.
• Assist the primary analyst in preparing rating committee note, rationale and building and maintaining various databases relating to mortgages
• Collect, organize, and study data from internal and external sources for use in criteria development, ratings, and research reports.
• Compile and prepare periodic portfolio reports for use by senior staff and identify material changes for research causes.
• Maintain regular and open communication with the operations team and technology team about assigned tasks, priorities and ensure applications under development meet the defined requirements and pass the user acceptance testing prior to its release.
• Take ownership of the tasks with focus on quality and accuracy of the deliverables
• Demonstrate strong learning curve and eagerness to move up the rating value chain
• Ensure compliance with all applicable policies and procedures.
• Highly organized and efficient, with ability to multi-task and meet tight deadlines

Requirements:

• Postgraduate in Finance or CA or CFA charter holder or such equivalent qualification.
• Minimum of 1-2 years of relevant experience in capital markets, structured finance credit analysis, experience at a rating agency is a plus.
• Expertise on Microsoft Excel, Visual Basic for Applications (VBA), MSSQL. Knowledge on Python is a plus
• Excellent writing, communication, and quantitative/analytical skills.
• Ability to communicate analytical thoughts in a crisp, concise, and precise manner.
• Creative thinker who is adept at taking an analytical approach to problem solving.
• Robust quantitative and analytical skills supported by strong attention to detail and accuracy.
• Good inter-personal skills and ability to participate/ contribute as a team player.
• Highly motivated, self-starter with a positive attitude and a strong work ethic.

Morningstar DBRS is an equal opportunity employer.

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.