Assistant Vice President - Sovereign Credit Ratings (12 month contract)

R08_DBRSLtdCanada DBRS Limited - Canada Legal Entity; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading global rating agency is seeking an analyst in Toronto to cover public finance ratings for municipalities, universities, and hospitals. The role involves analyzing financial statements and producing credit reports. The ideal candidate has 3-5 years of finance experience and a relevant degree. This is a hybrid work position, typically involving three days in the office.

Qualifications

• 3-5 years of finance experience, including 2 years in credit/financial analysis.
• Knowledge of public sector entities and Canadian government functions.
• CFA program completion is an asset.

Responsibilities

• Cover existing public finance ratings for municipal governments and related entities.
• Analyze financial statements and issuer forecasts.
• Produce high-quality credit reports and commentaries.

Skills

Research and analytical skills

Oral and written communication skills

Self-motivated and team player

French language skills

Education

Bachelor’s and/or Master’s degree in related fields

Job description

Morningstar DBRS’s Global Sovereign Ratings team is seeking an analyst with an interest in government finance and credit analysis, to join its team in Toronto. This role involves working closely with the Sector Lead and team members, focusing on Canadian public sector entities such as municipalities, universities, hospitals, and other government-related entities. (This is a 12-month contract with potential extensions or conversion to a permanent position based on business needs.)

Primary Responsibilities

• Cover existing public finance ratings for municipal governments, universities, hospitals, and other government-related entities.
• Conduct issuer and industry research, analyze financial statements, and assess issuer forecasts and management strategies to inform rating recommendations.
• Produce timely, high-quality credit reports, press releases, and commentaries on rated entities and industry trends.
• Maintain relationships with issuers, investors, and intermediaries.
• Contribute to new rating assignments and improve research products and rating methodologies.
• Ensure compliance with regulatory requirements, including detailed record-keeping, training, and adherence to Morningstar DBRS policies.

Requirements

• Three to five years of finance experience, with at least two years in credit or financial analysis.
• Bachelor’s and/or Master’s degree in International Affairs, Economics, Finance, Public Policy, Public Administration, or related fields.
• Knowledge of public sector entities and Canadian government functions.
• Strong research and analytical skills with attention to detail.
• Excellent oral and written communication skills.
• Self-motivated team player capable of meeting deadlines while producing quality work.
• French language skills and/or CFA program completion are assets.

Note: The role is for an Assistant Vice President; a more junior candidate may be considered for a Senior Analyst position with fewer responsibilities.

About Us

Morningstar DBRS provides independent ratings for corporate and sovereign entities, financial institutions, and structured finance globally. Rating over 4,000 issuers and 60,000 securities, it ranks among the top four credit rating agencies worldwide.

We aim to enhance transparency and diversity of opinion in credit ratings, responding swiftly to customer needs with agility and expertise. Our tech-forward approach and excellent customer service make us a preferred partner in the industry.

Our Policy

If you accept an offer, you must disclose personal and related investments to our Compliance team for review. Conflicts of interest must be resolved, including potential liquidation of holdings. Employee accounts may need to be with approved brokers, depending on your location.

Our hybrid work model offers remote work combined with in-person collaboration, typically three days a week, supported by tools and resources to connect globally.

R08_DBRSLtdCanada DBRS Limited - Canada Legal Entity