Assistant Vice President - Sovereign Credit Ratings

Morningstar DBRS’s Global Sovereign Ratings team is seeking an analyst with an interest in government finance and credit analysis, to join its team in Toronto. In this role, you will work closely with the Sector Lead and the other members of the Global Sovereign Ratings team, and the successful candidate will be responsible for the coverage of a broad group of Canadian public sector entities, such as municipalities, universities, hospitals, and other government-related entities. (This is for a 12 month contract. There may be opportunity to extend the contract or convert to a permanent position depending on business needs.)

Primary Responsibilities

• Assume coverage of existing public finance ratings, including municipal governments, universities, hospitals, and other government-related entities.
• Perform issuer and industry research, financial statement analysis, assess issuer forecasts and management strategy to inform rating recommendations.
• Produce timely, high-quality credit reports, press releases, and commentaries on rated entities and industry trends.
• Interact with and maintain relationships with issuers, investors, and intermediaries.
• Contribute to new rating assignments and to the refinement of research products and rating methodologies.
• Adhere to rigorous regulatory requirements, including detailed record-keeping, training, and compliance with Morningstar DBRS policies and procedures.

Requirements

• Three to five years of finance experience, with a minimum of two years in a credit or financial analysis role.
• Bachelor’s and/or Master’s degree in International Affairs; Economics; Finance; Public Policy; Public Administration; or another relevant discipline.
• Knowledge of public sector entities and of the functioning of the various levels of Canadian governments.
• Solid research and analytical skills, with a thorough attention to detail.
• Strong communication skills, both oral and written.
• Self-starter and strong team player, with the ability to meet deadlines while maintaining attention to detail and producing high quality work.
• Ability to meet deadlines while producing high quality work.

French language skills and/or completion of the CFA program would be considered definite assets.

(Note: The above is for an Assistant Vice President. A more junior candidate may be considered for a Senior Analyst role, with potentially less responsibilities)

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.

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.