Morningstar
Assistant Vice President, Credit Ratings, Funds Finance
Morningstar, New York, New York, us, 10261
About the Role
Assistant Vice President to support the Funds credit ratings team, which is part of the U.S. Structured Credit team.
U.S. Structured Credit (US SC) is a credit rating analytics team that assigns credit ratings, monitors credit ratings, develops research and maintains credit rating methodologies for investment fund debt, collateralized loan obligations (CLOs), other corporate securitizations and bespoke credit rating opportunities.
Job Responsibilities Lead analyst responsible for assigning new credit ratings and surveilling existing credit ratings. Prepare for and participate in management meetings and maintain issuer relationships. Prepare and present detailed discussion and committee memos for US SC credit rating committees. Draft credit rating letters, press releases, presale reports and rating reports. Conduct portfolio analysis using Morningstar DBRS developed predictive models and credit rating methodologies. Assess legal, regulatory, counterparty and other risks related to US SC credit ratings. Conduct periodic monitoring of transaction performance for outstanding credit ratings. Complete credit ratings administration for surveillance including record retention, credit rating committee coordination and publishing liaison. Train and mentor junior analysts to support credit ratings administration including record retention, credit rating committee coordination and publishing. Assist in gathering market research and financial analysis for research, client/investor meetings and conferences. Respond to client and colleague inquiries regarding methodologies, analysis and research. Coordinate with other teams to support credit rating analysis, administration and research. Qualifications
Completed a bachelor's degree. 5-7 years' relevant experience, which could include:
Funds or Structured Finance ratings-related work, Investment banking or legal counsel focusing on funds-related work, Credit or counterparty risk management focusing on credit funds, or Other relevant experience as a market participant
Strong interest in credit funds, CLOs, private credit and private equity encouraged. Advanced knowledge and practical skills in using Microsoft Excel, Word, PowerPoint and Outlook. Excellent written and oral communication skills. Demonstrated analytical abilities, with a high attention to detail and producing high quality work. Willingness and ability to learn new analytical approaches proactively. Willingness and ability to think creatively. Curiosity to develop new application and to perform complex analyses. Self-starter with ability to prioritize and complete critical work quickly, independently and with a sense of urgency. Must be team player with strong interpersonal skills. Nice to Have
Knowledge of analytical programming language (VBA, Python, etc.) is a plus. 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 Leave & Paternity 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
$95,000.00 - $150,000.00 Bonus Target % 19.7
R06_DBRSInc DBRS, Inc. - US Legal Entity 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.
Assistant Vice President to support the Funds credit ratings team, which is part of the U.S. Structured Credit team.
U.S. Structured Credit (US SC) is a credit rating analytics team that assigns credit ratings, monitors credit ratings, develops research and maintains credit rating methodologies for investment fund debt, collateralized loan obligations (CLOs), other corporate securitizations and bespoke credit rating opportunities.
Job Responsibilities Lead analyst responsible for assigning new credit ratings and surveilling existing credit ratings. Prepare for and participate in management meetings and maintain issuer relationships. Prepare and present detailed discussion and committee memos for US SC credit rating committees. Draft credit rating letters, press releases, presale reports and rating reports. Conduct portfolio analysis using Morningstar DBRS developed predictive models and credit rating methodologies. Assess legal, regulatory, counterparty and other risks related to US SC credit ratings. Conduct periodic monitoring of transaction performance for outstanding credit ratings. Complete credit ratings administration for surveillance including record retention, credit rating committee coordination and publishing liaison. Train and mentor junior analysts to support credit ratings administration including record retention, credit rating committee coordination and publishing. Assist in gathering market research and financial analysis for research, client/investor meetings and conferences. Respond to client and colleague inquiries regarding methodologies, analysis and research. Coordinate with other teams to support credit rating analysis, administration and research. Qualifications
Completed a bachelor's degree. 5-7 years' relevant experience, which could include:
Funds or Structured Finance ratings-related work, Investment banking or legal counsel focusing on funds-related work, Credit or counterparty risk management focusing on credit funds, or Other relevant experience as a market participant
Strong interest in credit funds, CLOs, private credit and private equity encouraged. Advanced knowledge and practical skills in using Microsoft Excel, Word, PowerPoint and Outlook. Excellent written and oral communication skills. Demonstrated analytical abilities, with a high attention to detail and producing high quality work. Willingness and ability to learn new analytical approaches proactively. Willingness and ability to think creatively. Curiosity to develop new application and to perform complex analyses. Self-starter with ability to prioritize and complete critical work quickly, independently and with a sense of urgency. Must be team player with strong interpersonal skills. Nice to Have
Knowledge of analytical programming language (VBA, Python, etc.) is a plus. 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 Leave & Paternity 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
$95,000.00 - $150,000.00 Bonus Target % 19.7
R06_DBRSInc DBRS, Inc. - US Legal Entity 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.