Credit Analyst – Canadian Financial Institutions (Hybrid)

Morningstar Credit Ratings, LLC; Toronto; Hybrid; CAD 67,000 - 82,000; Full time

Job summary

Morningstar DBRS is seeking an analyst to support credit ratings for Canadian financial institutions and broader North American entities. You’ll analyze financials, filings, and performance to inform independent credit opinions, working with experienced lead analysts.

You will develop strong analytical skills, gain exposure to banks, insurers, pension funds, and investment managers, and contribute to rating communications and research that guide investors.

Qualifications

• Bachelor’s degree in finance, accounting, economics, statistics, mathematics, or a related discipline.
• Strong analytical and quantitative skills with the ability to interpret financial statements.
• Demonstrated interest in financial institutions, capital markets, credit analysis, or investment research.
• Progress toward, or interest in pursuing, a CFA designation or graduate degree is viewed favorably.
• Strong written and verbal communication skills, with the ability to present complex information clearly and concisely.
• Ability to manage multiple priorities, work independently, and collaborate effectively with colleagues across the organization.
• Proficiency in Microsoft Excel and other Microsoft Office applications.
• Knowledge of programming, data analysis, or automation tools is helpful but not required.
• Curiosity about emerging technologies, including AI-enabled tools, and an interest in how they can support research, analysis, and workflow efficiency.

Responsibilities

• Analyze financial statements, regulatory filings, and operating performance to support credit rating assessments across a broad range of financial institutions.
• Assist lead analysts in monitoring existing ratings and evaluating the credit implications of financial, strategic, regulatory, and market developments.
• Prepare analytical materials for rating committees and contribute to discussions that support rating recommendations and decisions.
• Draft rating reports, press releases, and research commentaries that communicate credit views clearly and accurately to market participants.
• Monitor industry trends and emerging risks affecting banks, insurers, pension funds, investment managers, and non-bank financial institutions.
• Maintain internal databases, financial models, and rating documentation to support the rating process and regulatory requirements.
• Contribute to team projects and sector research initiatives that strengthen Morningstar DBRS's coverage of the North American financial institutions market.

Skills

Financial analysis

Credit analysis

Analytical thinking

Excel

Data analysis

Communication skills

Education

Bachelor's degree in finance, accounting, economics, statistics, mathematics, or related discipline

CFA designation (progress toward)

Tools

Microsoft Excel

Job description

Morningstar DBRS is seeking an analyst to support credit ratings for Canadian financial institutions and broader North American entities. You’ll analyze financials, filings, and performance to inform independent credit opinions, working with experienced lead analysts.

You will develop strong analytical skills, gain exposure to banks, insurers, pension funds, and investment managers, and contribute to rating communications and research that guide investors.