Credit Analyst, Development Program - Fin Institutions

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

Job summary

Morningstar DBRS in Toronto offers the Morningstar Development Program (MDP) for recent graduates. This two-year fixed-term contract starts January 2027, with mentoring, networking, and training to launch careers in credit research.

You will analyze financial statements, assist analysts, and draft rating materials, supporting rating decisions for financial institutions across North America. The program welcomes diverse majors and encourages CFA pursuit.

Qualifications

• Bachelor's degree in finance, accounting, economics, statistics, mathematics, or related discipline.
• Strong analytical and quantitative skills with ability to interpret financial statements and identify key drivers.
• Interest in financial institutions, capital markets, credit analysis, or investment research.
• Progress toward CFA designation or graduate degree is favorable.
• Strong written and verbal communication; ability to present complex information clearly.
• Ability to manage multiple priorities, work independently, and collaborate across the organization.

Responsibilities

• Analyze financial statements, regulatory filings, and operating performance to support credit rating assessments.
• Assist lead analysts in monitoring ratings and evaluating credit implications of developments.
• Prepare analytical materials for rating committees and contribute to rating discussions.
• Draft rating reports, press releases, and research commentaries communicating credit views clearly.
• Monitor industry trends and emerging risks affecting banks, insurers, and non-bank financial institutions.
• Maintain internal databases, financial models, and rating documentation to support processes.
• Contribute to team projects and sector research to strengthen coverage in North American financial institutions.

Skills

Analytical skills

Communication skills

Multitasking

Excel proficiency

Curiosity about credit markets

Team collaboration

Education

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

Tools

Microsoft Excel

Programming / data analysis tools

Job description

Morningstar DBRS in Toronto offers the Morningstar Development Program (MDP) for recent graduates. This two-year fixed-term contract starts January 2027, with mentoring, networking, and training to launch careers in credit research.

You will analyze financial statements, assist analysts, and draft rating materials, supporting rating decisions for financial institutions across North America. The program welcomes diverse majors and encourages CFA pursuit.