Assistant Vice President, Credit Ratings, US ABS Surveillance
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Assistant Vice President, Credit Ratings, US ABS Surveillance

Morningstar

Location: New York,NY, USA

Date: 2024-12-12T08:32:55Z

Job Description:
Morningstar DBRS is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO). This Morningstar, Inc. subsidiary has earned a reputation for innovation and excellence in the structured finance market and aims to increase market transparency by providing the highest-quality ratings, securities research, monitoring services, operational risk assessments, data, and technology solutions.We are looking for problem solvers, analytical thinkers, and solution initiators to focus on extant asset-backed securities (ABS) transactions. This role will provide unique opportunities to learn and exposure to more than 40 segments of the ABS market as well as gaining expertise in computational and automation based processes. You will be part of a team responsible for maintaining the ratings and taking rating actions on ABS securitized assets such as auto loans, equipment leases, aircraft leases, marine containers, and many others.Based in New York.Job ResponsibilitiesAnalyze the credit risk in ABS by performing tasks that include collateral/loss analysis, modeling transactions and reviewing associated legal documentation.The candidate would be responsible for management of assigned portfolio of credits to surveil.Produce and present credit rating committee presentations.The position will be central to the team's ability to manage increasing rating responsibilities while continuing to get the rating right. Assist in the development and publication of topical research.Interact with other team members to learn the department techniques and automation.Utilize original thinking to extend in-place automation.Assist the team in building various databases and analytical tools.QualificationsCompleted a bachelor's degree in a subject such as finance, mathematics, accounting, economics or similar quantitative discipline.Three to five years of experience in Structured Finance (preferably ABS background).Excellent quantitative and writing skills.Strong communication skills.Curiosity and the capability to turn intuition into usable tools to advance departmental efficiency.Nice to have:Knowledge of a programming language other than VBA.Ability to balance multiple tasks and projects simultaneously.Ability to analyze large data sets and deliver largely error-free conclusions.Compensation and BenefitsAt 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 Health75% 401k match up to 7%Stock Ownership PotentialCompany provided life insurance - 1x salary + commissionPhysical HealthComprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plansand coveragesAdditional medical Wellness Incentives - up to $300-$600 annualCompany-provided long- and short-term disabilityinsuranceEmotional HealthTrust-Based Time Off6-week Paid Sabbatical Program6-Week Paid Family Leave & Paternity LeaveAdoption AssistanceLeadership Coaching & Formal MentorshipOpportunitiesAnnual Education StipendTuition ReimbursementSocial HealthCharitable Matching Gifts programDollars for Doers volunteer programPaid volunteering days15+ Employee Resource & Affinity GroupsBase Salary Compensation Range$95,000.00 - $154,000.00Bonus Target .7R06_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.#J-18808-Ljbffr
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