Vice President, Credit Ratings - Financial Institutions Groups

Morningstar Credit Ratings, LLC; Toronto; On-site; CAD 109,000 - 161,000; Full time

Benefits offered by this job

Hybrid work model

Annual bonus 30%

Job summary

Morningstar DBRS in Toronto seeks an experienced Vice President to join its North American Financial Institution Ratings group. The role involves lead analysis of Canadian banks and financial institutions, doing surveillance, and supporting rating committees.

The ideal candidate has 7–10 years of credit analysis experience, strong writing and research skills, and the ability to develop relationships with issuers and investors. Hybrid work with travel may be involved.

Qualifications

• Excellent business writing, communication and analytical capacity.
• Strong interpersonal skills.
• Team player with ability to meet deadlines and maintain detail.
• Willingness to travel as required.
• Bloomberg skills a plus.

Responsibilities

• Lead analyst managing a portfolio of issuers in Canada’s bank and financial institutions.
• Analyze banks, non-bank financial institutions and credit unions.
• Prepare rating committee presentations and publish reports and topical research.
• Develop relationships with issuers and investors; participate in issuer meetings.
• Support on surveillance and ongoing analysis with strong financial statement skills.

Skills

Analytical capacity

Interpersonal skills

Research and writing

Client facing

Team player

Willingness to travel

Education

Undergraduate degree in business/finance

Masters CPA CFA a plus

Job description

Morningstar DBRS is seeking an experienced full-time Vice President to join its North American Financial Institution Ratings group in Toronto.

Job Responsibilities

The successful candidate will be part of an experienced team of professionals responsible for analyzing banks, non-bank financial institutions, and credit unions in Canada. The analyst’s primary responsibilities will be to act as a lead analyst in managing a portfolio of issuers, including ongoing analysis and surveillance, participate in rating committees and attend issuer meetings. The analyst will be required to have both solid financial industry and specific issuer/financial sector knowledge; strong financial statement analytical abilities and spreadsheet skills, and strong research and writing skills. The analyst will also prepare rating committee presentations and publish press releases, rating reports, and related topical research. Strong client facing skills are expected and the lead analyst will be responsible for developing relationships with both issuers and investors. We are looking for highly motivated candidates who are self-starters, keen to learn and have a strong work ethic.

Qualifications

• Undergraduate degree in business, finance or a closely related field.
• Masters degree, CPA and/or CFA are a plus.
• Minimum of seven to ten years of experience in bank and or financial institution credit analysis or directly related field.
• Excellent business writing, communication and analytical capacity.
• Strong interpersonal skills.
• Team player with demonstrated ability to meet deadlines while maintaining attention to detail and producing high quality work.
• Willingness to travel as required.
• Bloomberg skills a plus.

Base Salary Compensation Range

Base Salary Compensation Range $109,489.00-160,711.00 Incentive Target Percentage 30% Annual

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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Morningstar is a global independent investment research and financial data company. Here, you'll help uncover what’s hidden, simplify what’s complex, and create insights that empower investor success.

Company overview

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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.