
Vice President, Asset Backed Securities Commercial, Esoteric & New Assets
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Job overview
Morningstar DBRS seeks a Vice President ratings analyst for its U.S. ABS Commercial platform in New York. The role supports ratings for transactions backed by equipment loans and leases, data centers, franchise and whole-business securitizations, and emerging asset classes. The analyst conducts transaction analysis, presents recommendations to rating committees, engages with market participants, monitors ratings, and mentors junior analysts.
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Full job description
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 levelto 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, clientfacing 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 analystsQualifications * 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 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 th
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