Analyst, Credit Ratings - Structured Finance (RMBS, ABS, SME-CLO)

Morningstar; Frankfurt; Hybrid; EUR 42.000 - 58.000; Vollzeit

Benefits dieser Stelle

Hybrid work model

Hybrid in-office schedule

Zusammenfassung

Morningstar DBRS in Frankfurt seeks a Securitisation Analyst at the Analyst level to join the European Structured Finance team. The role emphasizes analytical rigor, interfacing with senior management, and exposure to RMBS, ABS, and SME-CLOs within a collaborative setting.

The candidate should hold a quantitative degree and possess strong Excel and English communication skills. Basic experience in structured finance is desired, with EU work eligibility.

Qualifikationen

• Bachelor's degree or equivalent in a quantitative field.
• Basic understanding of structured finance.
• Strong Excel and MS Office skills.
• Excellent written and verbal English communication.
• Strong analytical and problem-solving abilities with attention to detail.
• Willingness to learn and collaborate within a team.
• Eligible to live and work in the EU.

Aufgaben

• Assist surveillance lead analysts on a portfolio of European structured finance transactions (RMBS, ABS, SME-CLOs).
• Review surveillance analytics reports per policies and procedures.
• Conduct portfolio credit analysis using rating methodologies and tools.
• Analyze asset-liability cash flow structures with Intex and internal engines.
• Study performance trends: credit enhancement, delinquencies, recoveries, prepayments, collateral changes.
• Coordinate Credit Rating Committee activities within surveillance.
• Collaborate with other teams to support ratings assignments for ABS/RMBS.
• Produce detailed committee memos and publish market research.

Kenntnisse

Excel proficiency

English communication

Analytical mindset

Problem-solving

Attention to detail

Team collaboration

Eagerness to learn

Ausbildung

Bachelor's degree in Finance/Mathematics/Financial Engineering/Economics/Accounting or related quantitative field

Tools

Intex

Excel

Jobbeschreibung

About The Role

Morningstar DBRS's European Structured Finance team is looking for a Securitisation Analyst at the Analyst level to join their team in Frankfurt.

This is an excellent opportunity for a highly analytical and detail-oriented professional to develop expertise in structured finance within a collaborative and dynamic environment. The successful candidate will possess strong communication and presentation skills and be comfortable engaging with colleagues, senior management, and external stakeholders.

Job Responsibilities

• Assist surveillance lead analysts on a portfolio of credit ratings of European structured finance transactions, RMBS, ABS and/or SME-CLOs, rated by Morningstar DBRS;
• Review surveillance performance analytics reports generated by the data team in accordance with established policies and procedures;
• Conduct portfolio credit analysis utilising Morningstar DBRS rating methodologies and analytical tools;
• Analyse asset-liability cash flow structures using Morningstar DBRS built in cash flow engines and Intex;
• Study recent performance trends for transactions. The metrics to be evaluated include, among others: credit enhancement, delinquency, cumulative defaults, recoveries, prepayments, seasoning, excess spread and changes in collateral characteristics;
• Act as Credit Rating Committee Coordinator within the structured finance surveillance team;
• Collaborate with other European Structured Finance teams/analysts, supporting analysts in assignment of new ratings to transactions of different asset classes with a main focus on ABS and RMBS;
• Produce detailed committee memos including transaction analysis and rating recommendations;
• Write and publish press releases and market research;
• Act as a Credit Rating Analyst on a portfolio of surveillance RMBS, ABS and/or SME-CLO transactions;
• Develop and maintain analytical tools and reports for internal and external use.

Qualifications

• Bachelor's degree (or equivalent) in Finance, Mathematics, Financial Engineering, Economics, Accounting, or a related quantitative field.
• Basic understanding of structured finance.
• Strong Microsoft Excel skills and proficiency across the Microsoft Office suite.
• Excellent written and verbal English communication skills.
• Strong analytical and problem-solving abilities with close attention to detail.
• Eagerness to learn, think creatively, and collaborate effectively within a team.
• Eligibility to live and work in the European Union.

Nice To Have / Additional Qualifications

• Master's degree, CFA, or accounting qualification (completed or in progress).
• Previous work experience or internships within financial services, particularly in securitisation, structured finance, or credit analysis.
• Knowledge of analytical programming languages and/or Tableau.
• Proficiency in an additional European language.

Base Salary Compensation Range

EUR 42,000.00-57,800.00

Bonus Target

10% Annual

We expect the compensation and target bonus for this role to fall within the stated range. The specific compensation offered will depend on the candidate’s qualifications, experience, and other job-related factors.

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.

R09_DBRSRtgsGmbHGermany DBRS Ratings GmbH - Germany Legal Entity