Morningstar
Senior Analyst, RMBS
Morningstar, New York, New York, us, 10261
The DBRS Morningstar U.S. RMBS team is looking for a ratings analyst at the Senior Analyst 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. residential mortgage-backed securities (RMBS) transactions as well as other relevant rating actions. 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 detail.
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
Develop an understanding of credit & legal aspects of structured finance transactions in the residential mortgage product area.Focus on key credit issues during the new issue rating process.Perform transaction analysis including analysis of collateral, deal structure, and legal issues.Act as a back-up analyst on structured finance transactions, and present analysis to rating committee.Participate in criteria development and enhancement of structured finance models.Review results of banker cash flow models and provide feedback on structural aspects of transactions.Produce and publish newsletters with minimal supervision.Participate in meetings with bankers, investors, and originators.Qualifications
Completion of bachelor's degree in finance, math, economics, computer science, engineering, or any other related field.2+ years of experience in Structured Finance.Proficiency in Microsoft Excel and Microsoft Office programs.Excellent analytical skills with focused attention to detail.Personable, eager to learn, organized, deadline driven, and systems oriented.Nice to have
Master's degree in finance, math, economics, computer science, engineering, or any other related field.Structured Finance cash flow structuring experience.VBA, Python, or other basic programming skills.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 PotentialCompany 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 coveragesAdditional medical Wellness Incentives - up to $300-$600 annualCompany-provided long- and short-term disability insurance
Emotional Health
Trust-Based Time Off6-week Paid Sabbatical Program6-Week Paid Family Leave & Paternity LeaveAdoption AssistanceLeadership Coaching & Formal Mentorship OpportunitiesAnnual Education StipendTuition Reimbursement
Social Health
Charitable Matching Gifts programDollars for Doers volunteer programPaid volunteering days15+ Employee Resource & Affinity Groups
Base Salary Compensation Range
$90,000.00 - $117,000.00Bonus Target %15
R06_DBRSInc DBRS, Inc. - US Legal EntityMorningstar'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.
The successful candidate will primarily conduct all the activities required to assign new ratings for U.S. residential mortgage-backed securities (RMBS) transactions as well as other relevant rating actions. 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 detail.
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
Develop an understanding of credit & legal aspects of structured finance transactions in the residential mortgage product area.Focus on key credit issues during the new issue rating process.Perform transaction analysis including analysis of collateral, deal structure, and legal issues.Act as a back-up analyst on structured finance transactions, and present analysis to rating committee.Participate in criteria development and enhancement of structured finance models.Review results of banker cash flow models and provide feedback on structural aspects of transactions.Produce and publish newsletters with minimal supervision.Participate in meetings with bankers, investors, and originators.Qualifications
Completion of bachelor's degree in finance, math, economics, computer science, engineering, or any other related field.2+ years of experience in Structured Finance.Proficiency in Microsoft Excel and Microsoft Office programs.Excellent analytical skills with focused attention to detail.Personable, eager to learn, organized, deadline driven, and systems oriented.Nice to have
Master's degree in finance, math, economics, computer science, engineering, or any other related field.Structured Finance cash flow structuring experience.VBA, Python, or other basic programming skills.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 PotentialCompany 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 coveragesAdditional medical Wellness Incentives - up to $300-$600 annualCompany-provided long- and short-term disability insurance
Emotional Health
Trust-Based Time Off6-week Paid Sabbatical Program6-Week Paid Family Leave & Paternity LeaveAdoption AssistanceLeadership Coaching & Formal Mentorship OpportunitiesAnnual Education StipendTuition Reimbursement
Social Health
Charitable Matching Gifts programDollars for Doers volunteer programPaid volunteering days15+ Employee Resource & Affinity Groups
Base Salary Compensation Range
$90,000.00 - $117,000.00Bonus Target %15
R06_DBRSInc DBRS, Inc. - US Legal EntityMorningstar'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.