Senior Analyst, Credit Ratings - U.S. RMBS

Morningstar • New York, NY

9d • Hybrid

About The Position

The Morningstar DBRS U.S. RMBS team is seeking a Senior Analyst to support the analysis and assignment of credit ratings for U.S. residential mortgage‑backed securities (RMBS). This role offers the opportunity to deepen your structured finance expertise, work closely with senior analysts, and interact with external market participants in a collaborative and analytical environment. The ideal candidate brings strong quantitative skills, excellent attention to detail, and experience working with structured finance or mortgage‑related products.

Requirements

• Bachelor’s degree in finance, economics, math, engineering, computer science, or a related field.
• 2+ years of experience in structured finance, securitization, banking, mortgage finance, or a relevant analytical role.
• Strong analytical and quantitative abilities, with excellent attention to detail.
• Proficiency in Microsoft Excel and standard Office applications.
• Organized, deadline‑driven, and comfortable managing multiple priorities.
• Strong communication and presentation skills, with the ability to convey complex concepts clearly.

Responsibilities

• Conduct RMBS transaction analysis, including assessment of collateral characteristics, deal structures, credit enhancement levels, and legal frameworks.
• Identify and focus on key credit issues during the new‑issue rating process.
• Review and evaluate banker cash‑flow model outputs, providing feedback on structural assumptions.
• Serve as a co‑lead or back‑up analyst on selected transactions.
• Present analytical findings to rating committees with clarity and confidence.
• Collaborate with senior analysts to ensure accurate and consistent application of criteria.
• Contribute to the enhancement of structured finance criteria, models, and analytical tools.
• Perform sensitivities, transaction comparisons, and stress‑testing tasks under the guidance of senior team members.
• Produce and publish market updates, newsletters, or concise commentary with minimal supervision.
• Participate in meetings with bankers, issuers, investors, and other market participants to discuss transaction details and analytical considerations.
• Represent the team professionally in all client‑facing interactions.

Benefits

• Financial Health 100% 401k match up to 6% of salary
• 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 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
• Social Health Charitable Matching Gifts program
• Dollars for Doers volunteer program
• Paid volunteering days
• 15+ Employee Resource & Affinity Groups

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level