Vice President, Credit Ratings - RMBS

Morningstar • New York, NY

1d • Hybrid

About The Position

About the Role Morningstar DBRS U.S. RMBS team is seeking a ratings analyst with strong quantitative and analytical skills at the Vice President 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. RMBS transactions, including collateral assessment, cash flow analysis, third-party due diligence, and legal document reviews. The analyst’s primary focus will be on rating Reverse Mortgages and Home Equity Investments. Morningstar DBRS is a market leader in these products, and this role is critical to continuing to build the related analytical tools, methodologies, and research publications covering these sectors. 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 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.

Requirements

• Completion of bachelor’s degree in finance, math, economics, computer science, engineering, or any other related field.
• 5+ years of experience in structured finance.
• Strong proficiency in Microsoft Excel plus experience with other Microsoft Office programs.
• Robust understanding of credit & legal aspects of structured finance transactions in the residential mortgage 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.
• Familiarity with structured products market and technical expertise in using fixed income analytical systems such as Intex (Dealmaker, Calc) and Bloomberg

Nice To Haves

• Master’s degree in finance, math, economics, computer science or any other related field.
• CFA charter holder or progress towards this goal.
• Experience with Reverse Mortgages &/or Home Equity Investments.
• Understanding of accrual products or Home Equity Investment valuation mathematics.
• VBA, Python, or other basic programming skills.

Responsibilities

• Act as a lead analyst on structured finance transactions, and present analysis to rating committee.
• Perform transaction analysis including analysis of collateral, deal structure and legal issues.
• Skillful analysis and parsing of issuer collateral tapes (Excel), running the Python model to extract cash flows into the cash flow waterfall tool (Excel) set up per the deal structure, to resolve ratings levels.
• Focus on key credit issues during the new issue rating process.
• Test cash flows to confirm accuracy and robustness of cash flow models.
• Conduct scenario/sensitivity analysis and communicate analysis to senior staff and colleagues.
• Conduct analysis to evaluate the credit profile of securities and review related legal documents.
• Participate in criteria development and enhancement of structured finance models.
• Produce and publish industry commentaries and newsletters.
• Build and maintain relationships with bankers, investors and originators.

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

What This Job Offers

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