US Regional Compliance Officer - Credit Ratings

The Role:

As the US Regional Compliance Officer (RCO) and Designated Compliance Officer (DCO) of Morningstar DBRS (MDBRS), you will play a pivotal role in establishing and maintaining a robust compliance program for MDBRS credit ratings. You will manage a team and work closely with MDBRS senior management and collaborate across departments to foster a culture of compliance, risk management, and ethical behavior.

Key Responsibilities:

US Compliance Oversight:

• Develop, implement, and maintain a comprehensive US MDBRS compliance program that encompasses credit ratings in all jurisdictions where the company operates.
• US RCO and DCO for DBRS Inc responsible for developing and managing the day-to-day operation of DBRS Inc Compliance Program.

Team Leadership:

• Lead and manage a team of compliance professionals, fostering a culture of compliance and ethical behavior.
• Provide guidance, coaching, and support to team members, enabling them to perform their duties effectively.

Regulatory Engagement:

• Serve as the primary point of contact for US regulatory authorities and manage relationships with US regulatory agencies.
• Stay informed about evolving regulatory requirements and ensure company policies and procedures align with these changes.

Risk Assessment and Mitigation:

• Conduct regular risk assessments to identify compliance risks specific to credit ratings and develop strategies to mitigate them.
• Implement controls and measures to manage compliance-related risks effectively.

Global Controls:

• Work closely with the GCCO of Global Controls to ensure the Controls team is appropriately supporting the development and update of compliance policies, conflicts procedures, management of efforts to prevent financial crime and fraud, and monitoring and testing programs in accordance with applicable laws and industry best practices.

Investigations and Reporting:

• Oversee and conduct internal investigations into compliance violations, if necessary, and recommend appropriate corrective actions.

Audits and Examinations:

• Coordinate and manage regulatory audits and examinations specific to credit ratings collaborating with regulatory bodies as needed.

Ethical Culture Promotion:

• Promote a strong ethical culture throughout the organization by setting a positive example and encouraging ethical behavior among employees.

Qualifications:

• Bachelor's degree in finance, law, business, or a related field; advanced degree and relevant certifications preferred.
• Extensive experience (+12 years) in compliance roles within the financial services industry, specifically related to credit ratings.
• Extensive experience interacting and engaging with the SEC.
• Strong knowledge of financial Industry in the US.
• Excellent leadership and management skills.
• Exceptional communication and interpersonal skills.
• Ability to collaborate effectively with cross-functional teams.
• Strong analytical and problem-solving abilities.

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

Base Salary Compensation Range

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.