Assistant Vice President, Sovereign Ratings (Sovereign Credit Analyst)

Morningstar; Frankfurt; Hybrid; EUR 69,000 - 104,000; Full time

Job summary

Morningstar DBRS Ratings GmbH in Frankfurt or Madrid is seeking an Assistant Vice President to lead sovereign credit analysis, rating assignments, and research. You will engage with issuers and market participants, contributing to methodologies and analytical tools within a collaborative, international team.

The role requires 5+ years in sovereign or public sector credit analysis, strong English communications, and the ability to work across European markets in a hybrid setup.

Qualifications

• Degree in Accounting, Business, Economics, Political Science, or a related field.
• Minimum 5+ years’ experience in sovereign, supranational, or other public sector credit analysis.
• Excellent attention to detail and written communication skills.
• Fluent in English, both written and spoken.
• Additional language skills, particularly Spanish, Italian, or French, are a plus.

Responsibilities

• Assigning, reviewing, and monitoring credit ratings, including formulating rating opinions and producing topical research.
• Participating in the development of rating methodologies.
• Developing and maintaining analytical tools and reports for internal and external use.
• Monitoring institutional, political, geopolitical, and economic developments that impact public sector issuers.
• Meeting with issuers, investors, and other market participants to discuss Morningstar DBRS ratings and research.

Skills

Fluent English

Attention to detail

Written communication

Education

Degree in Accounting/Business/Economics/Political Science

Job description

About the role:

Morningstar DBRS’s Global Sovereign Ratings Group is seeking an experienced sovereign credit analyst to join our team as an Assistant Vice President, based in Frankfurt or Madrid.

You will work within a collaborative international team that assesses the creditworthiness of sovereign governments, supranational institutions, and government-related entities. The role involves conducting credit analysis, producing rating reports and research, and engaging with issuers, government officials, and other market participants.

We are looking for a motivated and intellectually curious professional with a strong interest in economics, public policy, politics, and financial markets, and the ability to identify and assess emerging credit risks.

Responsibilities:

• Assigning, reviewing, and monitoring credit ratings, including formulating rating opinions and producing topical research.
• Participating in the development of rating methodologies.
• Developing and maintaining analytical tools and reports for internal and external use.
• Monitoring institutional, political, geopolitical, and economic developments that impact public sector issuers.
• Meeting with issuers, investors, and other market participants to discuss Morningstar DBRS ratings and research.

Qualifications:

• Degree in Accounting, Business, Economics, Political Science, or a related field.
• Minimum 5+ years’ experience in sovereign, supranational, or other public sector credit analysis.
• Excellent attention to detail and written communication skills.
• Fluent in English, both written and spoken.
• Additional language skills, particularly Spanish, Italian, or French, are a plus.

If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentially to our Compliance team. 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.

Base Salary Compensation Range

EUR 69,000.00-104,466.66

Bonus Target:

20% 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