Canadian Structured Finance Ratings, Analyst – Toronto

Morningstar; Toronto; Hybrid; CAD 70,000 - 110,000; Full time

Benefits offered by this job

Hybrid work model

Global collaboration with Morningstar

Team-focused environment

Job summary

Morningstar DBRS in Toronto is seeking a highly motivated Analyst to join the Canadian Structured Finance Ratings team. You will assist in assigning new credit ratings for Canadian ABS and ABCP transactions, collaborating with a team and communicating with internal and external stakeholders.

The role requires strong analytical skills, attention to detail, and a proactive work ethic in a fast-paced, client-facing environment.

Qualifications

• Bachelor’s degree required in finance, economics, accounting, mathematical sciences, computer science, engineering, or related fields.
• Strong quantitative and analytical skills with high attention to detail.
• Excellent written and verbal communication.
• Experience in the financial services industry.
• Proficiency in Microsoft Excel; Office suite highly required.
• Programming skills (Python, R) are a plus.
• Prior financial or statistical modelling experience is a plus.

Responsibilities

• Develop knowledge of methodologies for structured finance products.
• Evaluate transaction proposals against Morningstar DBRS criteria.
• Analyze collateral, deal structures and legal documentation.
• Develop and maintain financial models and cash-flow engines.
• Prepare rating committee presentations and communicate recommendations.
• Assist in press releases, rating reports, and research.
• Build relationships with clients and external stakeholders.

Skills

Quantitative analysis

Excel proficiency

Communication skills

Team player

Programming Python/R

Education

Bachelor's degree in finance/economics/accounting/math/CS/engineering

Tools

Microsoft Office Suite

Python/R

Job description

Morningstar DBRS is seeking a highly motivated individual to join its Canadian Structured Finance Ratings team as an Analyst in Toronto. Working closely with the rest of the team, the successful candidate will assist in all tasks required to assign new credit ratings for Canadian ABS and ABCP transactions. The ideal candidate has a strong analytical mindset, keen attention to detail, a proactive work ethic, and a commitment to teamwork. The ideal candidate also has the interpersonal and communication skills necessary to work with internal and external stakeholders. This role offers wide opportunities to develop structured finance experience in a client-facing environment.

Job Responsibilities

• Develop in-depth knowledge of Morningstar DBRS’ methodologies for various asset classes in structured finance, particularly transactions backed by retail auto loans/leases, fleet leases, equipment loans/leases, rental fleets, and trade receivables.
• Evaluate transaction proposals in accordance with Morningstar DBRS’ methodologies and criteria.
• Perform analysis of structured finance transactions including the analysis of collateral, deal structures and legal documentation.
• Develop, update and/or maintain complex financial models, cash-flow engines and other analytical tools.
• Assist with the preparation of rating committee presentations and present analysis and recommendations to a rating committee.
• Assist in the preparation of timely, high-quality press releases, rating reports, and structured finance related research and commentaries.
• Build and maintain relationships with Morningstar DBRS’ clients and external stakeholders to communicate credit opinions and rating rationale.

Qualifications

• Completed bachelor’s degree in finance, economics, accounting, mathematical sciences, computer science, engineering, or other related fields.
• Strong quantitative and analytical skills, with high attention to detail.
• Excellent communication skills, both written and verbal.
• Experience in the financial services industry.
• Proficiency in the Microsoft Office suite of programs with very high proficiency in Microsoft Excel.
• Team player with a demonstrated willingness to learn and ability to work in a fast-paced environment.
• Python, R or other basic programming skills are a plus.
• Prior financial or statistical modelling experience is a plus.

About Us

Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world.

Morningstar DBRS empowers investor success by bringing more transparency and a much-needed diversity of opinion in the credit rating industry. Our approach and size allow us to be nimble enough to respond to customers' needs in their local markets, but large enough to provide the necessary expertise and resources they require. Market innovators choose to work with us because of our agility, tech-forward approach, and exceptional customer service.

Morningstar DBRS is the next generation of credit ratings.

If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentiality to our Compliance team (days vary by region). These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker.

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office 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.

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