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U.S. RMBS Credit Ratings, Vice President New York

Morningstar, Inc

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At a glance

Compensation
No compensation found
Location
NEW YORK, NY
Work Authorization
Not specified

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Requirements

Credentials this posting asks for.

Bachelor's degree

Job overview

Morningstar DBRS is seeking a Vice President ratings analyst for its U.S. RMBS Credit Ratings team in New York. The role focuses on assigning ratings to U.S. RMBS transactions through collateral and cash flow analysis, due diligence, and legal review. The analyst will lead transaction work, present to rating committees, contribute to structured finance criteria and models, publish industry commentary, and maintain relationships with market participants.

Skills & qualifications

RequiredNice to have

Skills

Quantitative AnalysisAnalytical SkillsMicrosoft ExcelMicrosoft OfficeStructured FinanceResidential Mortgage CreditAttention to DetailWritten CommunicationVerbal CommunicationInterpersonal SkillsTeamworkOrganizationDeadline ManagementSystems OrientationFixed Income AnalysisIntex DealmakerIntex CalcBloombergVBAPythonProgramming

Qualifications

Bachelor's in Related Field5+ Years Structured Finance ExperienceMaster's in Related Field

Full job description

U.S. RMBS Credit Ratings, Vice President - New YorkMorningstar DBRS is seeking a ratings analyst with strong quantitative and analytical skills to join the Global Structured Finance group on the U.S. RMBS Credit Ratings team as a Vice President in New York.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 candidate should be willing to work in an environment with a strong focus on teamwork, have strong work ethic, have an analytical and quantitatively oriented mind-set, and pay 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. * 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. * Proficiency in Microsoft Excel and 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. * VBA, Python, or other basic programming skills.About UsMorningstar 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 BenefitsAt 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 offe

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