Assistant Vice President, Private Credit Ratings

Morningstar DBRS’ Private Corporate Credit team is seeking a highly motivated and analytical professional with 4 - 6 years of experience in credit analysis, preferably with high-yield corporate issuers. As an Assistant Vice President, you will play a key role in assessing the creditworthiness of small to medium-sized, highly leveraged companies across diverse industries. This is a unique opportunity to join a globally respected credit ratings agency, work alongside seasoned experts, and gain exceptional exposure to the private capital markets.

You will contribute directly to Morningstar DBRS’ mission of providing independent, insightful credit opinions that help investors and market participants make informed decisions. The role also offers meaningful interaction with senior leaders, lenders, investors, and bankers, while keeping you at the forefront of market and industry trends.

This role is based in our Chicago or New York office, with a hybrid work arrangement (minimum three days per week in-office).

Responsibilities:

• Lead the surveillance of a portfolio of small to medium-sized, highly leveraged companies
• Conduct fundamental credit analysis, and prepare high-impact rating committee packages
• Lead dynamic rating committee discussions and communicate credit views
• Build trusted relationships with market participants, including lenders, investors, and bankers
• Manage a diverse portfolio, ensuring timely and high-quality credit opinions
• Support continuous process improvement and database development
• Deliver timely and insightful written credit 

Qualifications:

• 4 -6  years of experience in credit analysis, corporate lending, or related fields
• Bachelor’s degree in business, finance, economics, or a related discipline (CFA designation preferred)
• Strong foundation in credit analysis and capital markets, ideally with exposure to high-yield or middle-market credits
• Familiarity with legal documentation tied to corporate debt and loan issuance
• Exceptional analytical skills and a deep understanding of financial statements
• Excellent communication and presentation abilities
• Proactive, self-motivated team player who thrives in a fast-paced, collaborative environment
• Demonstrated interest in private credit or private assets, and a desire to deepen expertise in this growing area

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.

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide-range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

• Financial Health
  • 75% 401k match up to 7%
  • Stock Ownership Potential
  • Company provided life insurance - 1x salary + commission

• Physical Health 
  • Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
  • Additional medical Wellness Incentives - up to $300-$600 annual
  • Company-provided long- and short-term disability insurance

• Emotional Health 
  • Trust-Based Time Off
  • 6-week Paid Sabbatical Program
  • 6-Week Paid Family Caregiving Leave
  • Competitive 8-24 Week Paid Parental Bonding Leave
  • Adoption Assistance
  • Leadership Coaching & Formal Mentorship Opportunities
  • Annual Education Stipend
  • Tuition Reimbursement

• Social Health 
  • Charitable Matching Gifts program
  • Dollars for Doers volunteer program
  • Paid volunteering days
  • 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range

Inclusive of annual base salary and target incentive

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 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.

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