Vice President, Asset Backed Securities - Commercial, Esoteric & New Assets
Morningstar · New York, United States · 20d ago
About the Role:
The Morningstar DBRS U.S. ABS team is seeking a ratings analyst with strong quantitative and analytical skills at the Vice President level to support the Commercial ABS platform. The role is based in New York, New York as part of the Global Structured Finance team. The successful candidate will primarily, under the direction of lead analysts and sector leadership, conduct analytical activities required to assign and monitor ratings for U.S. ABS transactions backed by equipment loans & leases, data centers, franchise/whole business securitizations and other emerging asset classes.
Responsibilities include collateral and obligor assessment, performance data analysis, cash flow and structural analysis, operational and counterparty risk assessment, and legal document review. The role offers exposure to highly structured transactions and evolving asset types in a collaborative, client‑facing environment.
Candidates 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 rating analyst with minimal supervision or support a deal team on ABS transactions and present analysis to rating committee.
Discuss rating approaches and analytical considerations with bankers, issuers and investors.
Analyzing historical performance data and collateral characteristics and/or working with junior analysts performing such analysis.
Prepare and present new transactions to senior members of the ABS team to determine feasibility and methodology application.
Review legal documents and address pertinent legal points with issuers and legal counsel,
Work with cash flow modeling team to run appropriate stress scenarios for rating analysis.
Prepare materials to be reviewed at rating committee,
Present analytical conclusions and recommendation to rating committee members,
Prepare disclosure documents such as pre-sale reports, rating reports, press releases and regulatory disclosures,
Work with the ABS Surveillance team to monitor existing ratings,
Write research and participate in webinars and issuer, banker and investor meetings,
Coordinate with other teams to support credit rating analysis, research and administration,
Adhere to procedures and regulatory compliance,
Mentor junior analysts
Qualifications
Completion of bachelor’s degree in finance, math, economics, computer science, engineering, or any other related field.
7+ 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 asset backed 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.
Nice to have
Master’s degree in finance, math, economics, computer science or any other related field.
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-$178,794.66Incentive Target Percentage
30% AnnualIf 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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