Assistant Vice President, European RMBS & Covered Bond Ratings (SecuritizationStructured Financ[...]

Morningstar; Madrid; Híbrido; EUR 70.000 - 95.000; Jornada completa

Descripción de la vacante

A financial services firm is seeking an Assistant Vice President to join their team in Madrid. The ideal candidate will have a degree in finance, 3-6 years of experience in structured finance, and strong analytical skills. Responsibilities include conducting credit analysis, drafting reports, and collaborating with teams. This role offers a hybrid work model, promoting meaningful engagement with colleagues across Europe.

Servicios

Hybrid work environment

Flexible benefits

Formación

• Minimum 3-6 years experience in structured finance asset classes.
• Strong quantitative background with interest in cash flow analysis.
• Excellent written and verbal English communication skills.
• Demonstrated analytical abilities with attention to detail.
• Ability to learn new analytical approaches and think creatively.

Responsabilidades

• Act as lead and backup analyst in assigning DBRS ratings.
• Conduct credit analysis using DBRS rating methodologies.
• Study recent performance trends for transactions.
• Draft analytical documents such as rating reports.
• Collaborate with various finance teams for maintenance of ratings.

Conocimientos

Forecasting

Financial Services

GAAP

Accounting

IFRS

Regulatory Reporting

Financial Analysis

Financial Modeling

Budgeting

Financial Report Interpretation

Financial Management

Financial Planning

Educación

Bachelor's degree in finance, mathematics, financial engineering, economics or related

Herramientas

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Microsoft Outlook

Descripción del empleo

Morningstar DBRS European Structured Finance team is seeking an Assistant Vice President (AVP) to join us in either Frankfurt or Madrid.

In this role you’ll work side-by-side with the lead analyst to help shape and assign ratings for European RMBS transactions.

We’re looking for someone who thrives in a collaborative team-focused environment. Someone with a strong work ethic, sharp analytical instincts and an exceptional eye for detail.

You’ll bring strong communication and presentation skills enabling you to build relationships across all levels of the organisation and with external partners.

This position is a great opportunity to deepen your expertise in European Structured Finance while gaining meaningful client-facing experience.

Key Responsibilities

The AVP will join the European RMBS and Covered Bonds team and will be responsible for the following:

• Act as lead and backup analyst in the assignment of DBRS ratings to European RMBS transactions and occasionally transactions in other European structured finance asset classes (such as ABS, CLOs, NPL or Lease Securitizations)
• Conduct credit analysis utilizing DBRS rating methodologies and analytical tools
• Conduct period review of rating methodologies and lead improvement to rating methodologies and processes
• Support senior analysts and team lead in administrative work filing and record retention requirements
• Study recent performance trends for transactions; the metrics to be evaluated include among others: credit enhancement, delinquencies, cumulative defaults, recoveries, prepayments, seasoning, excess spread and changes in collateral characteristics
• Draft analytical documents such as rating reports, press releases and research
• Collaboration with the DBRS European Structured Finance Surveillance Team and other teams / analysts supporting analysts in maintenance of existing ratings
• Assess transaction amendments / restructurings
• Draft new rating committee memos summarizing the analysis and recommending a rating action
• Comply with all applicable policies and procedures

Requirements

• Bachelor's degree (or equivalent) in finance, mathematics, financial engineering, economics, accounting or related quantitative discipline
• Minimum 3, preferably 5-6 years experience in structured finance asset classes such as ABS, RMBS-CLO transactions gained in a rating agency, research, buy side or sell side environment
• Strong quantitative background with interest in developing skills including cash flow analysis
• Proficiency in Microsoft Excel; advanced skills in Word, PowerPoint and Outlook
• Excellent written and verbal English communication skills
• Demonstrated analytical abilities with a high attention to detail and commitment to the highest standards
• Ability to learn new analytical approaches proactively, think creatively and collaborate effectively in a team environment
• Curiosity to develop new applications and to perform complex analyses
• Permission to live and work in the European Union; willingness to travel occasionally within Europe

Nice to have

• Master's degree, CFA or accounting designation (completed or in progress) with experience in securitization
• Knowledge of analytical programming languages (e, Python)
• Proficiency in additional European language(s)

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. 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.

Required Experience : Exec

Key Skills

Forecasting, Financial Services, GAAP, Accounting, IFRS, Regulatory Reporting, Financial Analysis, Financial Modeling, Budgeting, Financial Report Interpretation, Financial Management, Financial Planning

Employment Type: Full-Time

Experience: years

Vacancy: 1