Assistant Vice President, Credit Ratings, US RMBS

About the Role

The DBRS Morningstar 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.

Job 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.

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.

Bonus Target %

Morningstar’s hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. While some positions are available as fully remote, we’ve found that we’re at our best when we’re purposely together on a regular basis, typically three days 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.