Assistant Vice President, European Structured Finance NPL Surveillance

Morningstar; Madrid; Híbrido; EUR 70.000 - 90.000; Jornada completa

Descripción de la vacante

A leading credit rating agency is seeking an experienced Non-Performing Loans securitisation analyst at the AVP level based in Madrid or Frankfurt. The role involves leading surveillance for NPL structured finance, conducting credit analysis, mentoring junior analysts, and preparing high-quality reports. Candidates must have a bachelor's degree, 5 years of financial services experience, and be proficient in Excel. This is a full-time position with potential European travel.

Servicios

Hybrid work environment

Flexible benefits

Formación

• 5 years of experience in the financial services industry.
• Deep knowledge of NPLs and structured finance transactions.
• Strong analytical skills with attention to detail.

Responsabilidades

• Lead surveillance analyst for a portfolio of NPL structured finance transactions.
• Conduct portfolio credit analysis and review performance metrics.
• Prepare high quality surveillance and new rating committee memos.

Conocimientos

Forecasting

Financial Services

Accounting

Financial Analysis

Financial Modeling

Budgeting

Financial Management

Financial Planning

Educación

Bachelor's degree in finance, mathematics, financial engineering, economics, accounting, or similar quantitative discipline

Herramientas

Microsoft Excel

Microsoft Office

Descripción del empleo

About the Role

Morningstar DBRS European Structured Finance team is looking for an experienced Non-Performing Loans (NPL) securitisation analyst at the AVP level to be based in Frankfurt or Madrid. Candidates should have a strong work ethic an analytical mind and an attention to detail. The successful candidate will be poised and possess the interpersonal and presentation skills necessary to work with all levels of professional and executive staff as well as external contacts.

Job Responsibilities

Lead surveillance analyst for a portfolio of ongoing ratings of European NPL structured finance transactions rated by Morningstar DBRS.

Mentoring and training more junior analysts.

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 tools.

Study recent performance trends for transactions. The metrics to be evaluated include among others: actual recovery amount and actual recovery timing versus expectations credit enhancement and rating and financial conditions of key entities.

Review and approve publication of performance analytics reports.

Collaboration with other European Structured Finance teams / analysts supporting analysts in assignment of new ratings to NPL transactions and being able to work as lead primary analyst.

Working with arrangers and issuers on transaction amendments / restructurings and when working on assigning new ratings.

Conducting on-site or video conference reviews of underwriting and servicing of transaction originators / sellers with operational risk analyst.

Prepare high quality surveillance and new rating committee memos summarising the analysis and recommending a rating action.

Writing & publishing press releases rating reports and market research.

Develop and maintain analytical tools and reports for internal and external use.

Ensure compliance with all applicable policies and procedures.

Qualifications

Completed a bachelor (or equivalent) degree in a subject such as finance mathematics financial engineering economics accounting or similar quantitative discipline.

5 years of experience in the financial services industry.

Deep knowledge of NPLs and structured finance NPL transactions including legal document review and cash-flow analysis.

Strong analytical skills with high attention to detail delivering high-quality work while managing workload independently and meeting tight deadlines.

Ability to quickly adopt new analytical approaches think creatively and collaborate effectively within a team.

Proficiency in Microsoft Excel; advanced knowledge of Microsoft Office programs.

Excellent written and oral English language skills.

Permission to live and work in the European Union. This position may require occasional European travel.

Nice to have

CFA accounting designation and / or a Masters in a related field are considered definite assets.

Knowledge of analytical programming languages (VBA Python etc.).

Knowledge of another European Language / s is a plus.

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 4000 issuers and 60000 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 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 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.

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