Description

{"description": " About the Role

Morningstar DBRS U.S. RMBS team is seeking a ratings analyst with strong quantitative and analytical skills at the 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.

The analyst's primary focus will be on rating Reverse Mortgages and Home Equity Investments. Morningstar DBRS is a market leader in these products, and this role is critical to continuing to build the related analytical tools, methodologies, and research publications covering these sectors.

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 lead analyst on structured finance transactions, and present analysis to rating committee.
• Perform transaction analysis including analysis of collateral, deal structure and legal issues.
• Skillful analysis and parsing of issuer collateral tapes (Excel), running the Python model to extract cash flows into the cash flow waterfall tool (Excel) set up per the deal structure, to resolve ratings levels.
• 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.
• Build and maintain relationships with bankers, investors and originators.

Qualifications

• Completion of bachelor's degree in finance, math, economics, computer science, engineering, or any other related field.
• 5+ years of experience in structured finance.
• Strong proficiency in Microsoft Excel plus experience with other 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. CFA charter holder or progress towards this goal.
• Experience with Reverse Mortgages &/or Home Equity Investments. Understanding of accrual products or Home Equity Investment valuation mathematics.
• VBA, Python, or other basic programming skills.

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
  
  • 100% 401k match up to 6% of salary
  • 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 Leave
  • Adoption Assistance
  • Leadership Coaching & Formal Mentorship Opportunities
  • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
  • 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

$113,308.00 - 211,538.00 USD Annual

Incentive Target Percentage

30% Annual

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 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.

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
  
  • 100% 401k match up to 6% of salary
  • 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 Leave
  • Adoption Assistance
  • Leadership Coaching & Formal Mentorship Opportunities
  • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
  • 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

$113,308.00 - 211,538.00 USD Annual
Incentive Target Percentage
30% Annual

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 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.

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