Canadian Structured Finance Ratings, Analyst – Toronto

Morningstar Credit Ratings, LLC; Toronto; On-site; CAD 70,000 - 110,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Morningstar DBRS in Toronto seeks an Analyst for the Canadian Structured Finance Ratings team. The role supports rating new Canadian ABS/ABCP transactions, with emphasis on credit analysis, model development, and stakeholder communication.

You will work closely with a team of analysts to evaluate collateral and structures, prepare materials for rating committees, and contribute to press releases and research.

Qualifications

• Completed bachelor’s degree in finance, economics, accounting, math sciences, CS, engineering, or related field.
• Strong quantitative and analytical skills with high attention to detail.
• Excellent written and verbal communication skills.

Responsibilities

• Develop knowledge of Morningstar DBRS methodologies for Canadian structured finance.
• Evaluate proposals per methodologies and criteria.
• Analyze collateral, deal structures and legal documentation.
• Develop and maintain financial models, cash-flow engines and tools.
• Assist in rating committee presentations with analysis and recommendations.
• Prepare ratings-related press releases, reports and commentaries.
• Build and maintain relationships with clients and external stakeholders to communicate opinions and rationale.

Skills

Quantitative analysis

Attention to detail

Communication skills

Financial services experience

Excel

Team player

Python

R

Modelling experience

Education

Bachelor’s degree in finance or related field

Tools

Microsoft Excel

Python

R

Job description

Canadian Structured Finance Ratings, Analyst - Toronto

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.

R08_DBRSLtdCanada DBRS Limited - Canada Legal Entity

Morningstar DBRS is a leading provider of independent credit rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. We are one of the top four credit rating agencies in the world and a market leader in Canada, the U.S., and Europe in multiple asset classes.

Company overview

Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions - including recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.