Assistant Vice President, Credit Ratings, US RMBS

Morningstar, Inc.; Toronto; Hybrid; USD 95,000 - 154,000; Full time

Job summary

An established industry player is seeking an analyst to specialize in Single Family Rental and Reverse Mortgage securitizations. This role involves analyzing complex transactions, presenting findings to a Rating Committee, and mentoring team members. With a focus on both qualitative and quantitative techniques, you'll ensure accurate ratings while enjoying a hybrid work environment that promotes flexibility and collaboration. The company values transparency and diversity in credit ratings, making it a great place for professionals looking to make a meaningful impact in the financial sector.

Benefits

401k match up to 7%

Comprehensive health benefits

Paid sabbatical

Tuition reimbursement

Charitable matching

Wellness incentives

Qualifications

• 3+ years of experience analyzing RMBS securitizations.
• Thorough understanding of credit and legal aspects of structured finance.

Responsibilities

• Perform deep dives and summarize transactions for rating proposals.
• Instruct team members and manage post-committee processing.

Skills

Quantitative Analysis

Analytical Skills

Communication Skills

Attention to Detail

Education

Bachelor’s Degree in Finance

Bachelor’s Degree in Math

Bachelor’s Degree in Engineering

Advanced Degree

Job description

About the Role

The analyst selected will become an expert in surveilling Single Family Rental and Reverse Mortgage securitizations. They will perform deep dives, formulate memos summarizing transactions, and include cogent rationale for each proposed rating. The analyst will present and defend their findings to the Rating Committee.

Additionally, the analyst will instruct team members, handle record retention, and manage post-committee processing.

Job Responsibilities

The analyst will report to the Head of US RMBS Surveillance and be part of the RMBS Surveillance group. Responsibilities include applying qualitative and quantitative techniques to ensure accurate ratings.

Qualifications

• Bachelor’s degree in finance, math, engineering, or related field. 3+ years of experience analyzing RMBS securitizations, including quantitative experience with Single Family Rentals or Reverse Mortgages.
• Thorough understanding of credit and legal aspects of structured finance in residential mortgages.
• Strong quantitative and analytical skills with high attention to detail.
• Excellent written and verbal communication skills.

Nice to have

• Advanced degree
• Programming experience beyond classroom learning
• Ability to maintain focus for long periods
• Appreciation of the responsibility of accuracy

About Us

Morningstar DBRS is a leading provider of independent rating services for various financial entities and instruments globally. Rating over 4,000 issuers and 60,000 securities, it is among the top four credit rating agencies worldwide.

We aim to empower investor success by enhancing transparency and diversity of opinions in credit ratings. Our agility and tech-forward approach enable us to meet customer needs efficiently.

Compensation and Benefits

We support your wellness through various programs:

• Financial Health: 75% 401k match up to 7%, stock ownership potential, company-provided life insurance.
• Physical Health: Comprehensive health benefits, potential premium discounts, HSA contributions, wellness incentives, disability insurance.
• Emotional Health: Trust-based time off, paid sabbatical, family leave, parental bonding leave, adoption assistance, leadership coaching, education stipends, tuition reimbursement.
• Social Health: Charitable matching, volunteer programs, employee resource groups.

Salary Range

$95,000 - $154,000 USD annually

Bonus Target

19.7%

Candidates must disclose personal investments for ethical compliance. Our hybrid work environment offers remote work with in-person collaboration, typically three days a week, supported by various benefits for flexibility.