Assistant Vice President (Structured Finance & Securitisation - RMBS, ABS, SME-CLO)

Morningstar Credit Ratings, LLC; Frankfurt; Vor Ort; EUR 69.000 - 104.000; Vollzeit

Benefits dieser Stelle

Hybrid work model

Performance bonus 20% target

Zusammenfassung

Morningstar DBRS seeks a Securitisation Analyst (AVP) for its Frankfurt office. The candidate will lead ratings analyses of European RMBS, ABS and SME‑CLOs, review legal docs, perform cash flow analyses with Intex, and communicate complex results to senior leadership and external stakeholders.

Expect strong Excel and English proficiency, 5+ years in financial services, and the ability to travel within Europe. The role offers a hybrid work model and collaboration with global teams.

Qualifikationen

• Bachelor's degree in Finance, Mathematics, Economics or related quantitative discipline.
• Minimum of 5 years' experience in financial services.
• Working knowledge of ABS and RMBS transactions.
• Experience reviewing legal documentation and cash flow analysis for structured finance.
• Advanced proficiency in Excel, with strong working knowledge of the Office suite.
• Excellent written and verbal English communication skills.
• Willingness to learn new methodologies, work independently and meet deadlines.
• Eligibility to live and work in the EU; occasional travel within Europe.

Aufgaben

• Lead or rating analyst in maintaining Morningstar DBRS ratings of European RMBS, ABS and SME-CLOs.
• Review legal documents related to European Structured Finance transactions.
• Perform portfolio credit analysis using DBRS methodologies and tools.
• Analyze asset-liability cash flow structures with Intex and internal engines.
• Study performance metrics such as credit enhancement, delinquencies, recoveries, and prepayments.
• Publish performance analytics on the DBRS website; support other teams and primary analysts.
• Collaborate with European teams and external stakeholders; assist with rating actions.
• Draft surveillance memos and publish market commentary and research.
• Develop analytical tools and generate internal/external reports; attend market meetings and events.

Kenntnisse

Excel proficiency

English proficiency

Financial analysis

ABS/MBS knowledge

VBA/Python

Ausbildung

Bachelor's degree in Finance/Economics

Tools

Intex

Advanced Excel

Jobbeschreibung

About the role

Morningstar DBRS's European Structured Finance team is seeking a Securitisation Analyst at the Assistant Vice President level to join our Frankfurt office. We are looking for a highly motivated professional with a strong work ethic, a keen analytical mindset, and exceptional attention to detail. The successful candidate will also possess strong interpersonal and presentation skills, enabling them to communicate effectively and build productive working relationships with colleagues at all levels, including senior leadership, as well as with external stakeholders.

Job responsibilities

• Serve as a lead or rating analyst in the maintenance of Morningstar DBRS ratings of European transactions across different asset classes, mainly RMBS, ABS and/or SME-CLOs;


• Review of legal documents related to European Structured Finance transactions (transaction prospectus, hedging documents, due diligence reports, etc.);


• Conduct portfolio credit analysis utilising Morningstar DBRS rating methodologies and analytical tools;


• Analysis of 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;


• Review and approve publication on https://dbrs.morningstar.com/ of performance analytics reports;


• Collaboration with other European Structured Finance teams/analysts, supporting analysts in assignment of new ratings to transactions of different asset classes;


• Working with arrangers and issuers on transaction amendments/restructurings and when supporting primary analysts;


• Drafting surveillance committee memos summarising the analysis and recommending a rating action;


• Writing & publishing press releases, commentaries and market research;


• Develop and maintain analytical tools and reports for internal and external use;


• Conduct market research and financial analysis for rating committees, investor meetings and conferences;


• Represent Morningstar DBRS in meetings with market participants and at industry events.

Qualifications

• Bachelor's degree (or equivalent) in Finance, Mathematics, Financial Engineering, Economics, Accounting, or a related quantitative discipline.


• Minimum of 5 years' experience in the financial services industry.


• Working knowledge of ABS and RMBS transactions.


• Experience reviewing legal documentation and performing cash flow analysis for structured finance transactions.


• Advanced proficiency in Microsoft Excel, with strong working knowledge of the broader Microsoft Office suite.


• Excellent written and verbal communication skills in English.


• Strong analytical skills, with exceptional attention to detail and a commitment to delivering high-quality work.


• Ability to manage multiple priorities, work independently, and meet demanding deadlines.


• Demonstrated willingness to learn new analytical methodologies, think creatively, and contribute effectively within a collaborative team environment.


• Eligibility to live and work in the European Union.


• This role may require occasional travel within Europe.


• Additional preferred qualifications: CFA designation, a professional accounting qualification, and/or a Master's degree in Finance, Economics, Mathematics, or a related field.


• Experience with analytical programming languages, such as VBA, Python, or similar tools.


• Proficiency in one or more additional European languages.

Compensation

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.

Work Environment

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.

Company overview

DBRS Ratings GmbH - Germany Legal Entity. Morningstar DBRS is a leading provider of independent credit rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. We are one of the top four credit rating agencies in the world and a market leader in Canada, the U.S., and Europe in multiple asset classes.

Equal Opportunity Employer

Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. 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.