Analyst, Credit Ratings - U.S. RMBS

Morningstar•New York, NY

9d•Hybrid

About The Position

About the Role Morningstar DBRS is seeking an Analyst to join our U.S. RMBS group within Global Structured Finance. This role offers the opportunity to work on rating new U.S. residential mortgage‑backed securities transactions and contribute to the development of high‑quality credit ratings and research in a collaborative, market‑facing environment.

Requirements

Bachelor’s degree in finance, math, economics, data science, engineering, or related fields.
Strong analytical and quantitative skills; high attention to detail; proficiency in Excel.
Excellent communication and presentation skills.
Ability to work in a team‑oriented environment and manage multiple deadlines.

Nice To Haves

Master’s degree in a quantitative or analytical discipline.
Experience with Python, VBA, R, SQL, or other programming languages.
Familiarity with structured finance, mortgage products, or cash‑flow modeling.

Responsibilities

Analyze RMBS transactions, including collateral characteristics, capital structures, credit enhancement levels, legal frameworks, and due‑diligence findings.
Develop a strong understanding of U.S. mortgage products, origination and servicing practices, and key performance drivers.
Run and review cash‑flow models, loan‑level analytics, and scenario/sensitivity analyses to evaluate expected loss and credit risk.
Review banker cash flow outputs and provide feedback on transaction structure.
Present findings to internal rating committees.
Participate in criteria development, model enhancements, and analytical framework improvements.
Contribute to publications such as market updates, sector commentary, and research notes.
Join meetings with bankers, borrowers, investors, and other market participants to discuss transaction terms and analytical considerations.

Benefits

100% 401k match up to 6% of salary
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
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
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
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups
Base Salary Compensation Range $75,182.00 - 100,182.00 USD
Annual Incentive Target Percentage 10%