Vice President - European Structured Finance, Consumer & Corporate Securitisation Ratings

Morningstar; Greater London; Hybrid; GBP 75,000 - 100,000; Full time

Job summary

A leading credit rating agency is seeking a Vice President (VP) to join its European Consumer & Corporate Securitisation team as a lead analyst. This role involves evaluating credit risk, managing ABS transactions, and mentoring junior staff in a collaborative environment. Candidates must have at least 7 years of structured finance experience and possess strong analytical and interpersonal skills. The agency offers opportunities for development in a client-facing role within a hybrid work model.

Benefits

Hybrid work environment

Training and mentoring opportunities

Qualifications

• Minimum 7 years of direct credit rating experience in structured finance.
• Experience in ABS transactions and understanding of European consumer finance.
• Excellent written and oral English, with proficiency in other European languages as a plus.

Responsibilities

• Manage and coordinate the process of evaluating credit risk and assigning credit ratings.
• Support the surveillance of selected securitisation transactions.
• Draft and review analytical documentation for internal and external use.

Skills

Interpersonal skills

Presentation skills

Analytical mindset

Quantitative skills

Attention to detail

Education

Bachelor's degree in finance or related field

Tools

Microsoft Excel

Microsoft Office

Programming languages (VBA, Python)

Job description

Morningstar DBRS is seeking a highly motivated individual to join its European Consumer & Corporate Securitisation team at the level of Vice President (VP) as a lead analyst for Morningstar DBRS rated transactions and conduct all the activities required to assign and/or maintain credit ratings of ABS and / or Structured Credit transactions in Europe and , to a lesser extent, in Asia Pacific (AP AC ) .

The successful candidate shall possess good interpersonal, presentation and communication skills necessary to work with all levels of colleagues and external contacts. The person will develop and/or deepen her /his understanding of the various ABS and/or SC sectors and be required to acquire a n appropriate understanding of the relevant Morningstar DBRS credit rating criteria. As a VP, she/he will also assist the team leaders and/or the sector leaders to manage , coordinate and train other members .

The selected c andidate will work in an environment with a strong focus on teamwork and should have strong work ethics, an analytical and quantitatively oriented mind-set and attention to details.

The position offers wide opportunities to develop European and A P AC structured finance experience in a client facing environment.

Morningstar DBRS is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO). Morningstar DBRS has earned a reputation for innovation and excellence in the structured finance market and aims to increase market transparency by providing the highest-quality ratings, securities research, monitoring services, operational risk assessments, data, and technology solutions.

Key Responsibilities

• Act as the lead analyst , manage and/or coordinate and oversee other lead analyst s conducting the process of evaluating credit risk and assigning credit ratings in the ABS and CLO sectors , while adhering to the relevant rating methodology .
• Act as lead and/or support other lead analyst s in the process of surveillance of selected securitisation transactions.
• Review transaction amendments if required .
• A pply Morningstar DBRS’ credit rating methodologies and analytical tools.
• A nalyse the cash flow structures of ABS transactions using Morningstar DBRS ’ cash flow tools and Intex.
• A nalyse performance trends of existing transactions for relevant research.
• Review and/or support or coordinate the review of transaction legal documentation, memoranda, transaction summaries or presentations in conjunction with Morningstar DBRS’ methodologies.
• Contribute the review, development and /or interpretation of Morningstar DBRS’ methodologies and criteria.
• Draft, contribute to, review and/or finalise analytical documentation for both internal and external use, such as discussion papers /memoranda , rating reports, press releases , research commentaries , presentations and industry reports under supervision of lead analysts.
• P articipate in reviews of originators , servicers and/or other relevant part ies with operational risk analyst s.
• Assist with the publishing workflow, including regulatory disclosures.
• Appropriately d elegate and /or oversee the completion of tasks.
• Coach, t rain and mentor junior staff.
• Adhere to compliance, regulatory and company policies and procedures.

Role Requirements

• Minimum 7 years of direct credit rating experience in structured finance at an advisory firm , a n arranger , an investor , an asset lender or a credit rating agency.
• E xperience in ABS transactions and u nderstanding of European consumer finance in auto mobile , consumer loan or credit card lending .
• U nderstanding of ABS legal documentation .
• Understand Morningstar DBRS’ credit rating methodologies and analytical tools.
• Excellent written and oral English. Proficiency in other European languages ( French, Spanish or Italian ) is an advantage.
• Proved analytical abilities with a high attention to details and work quality. Q uantitative skills and experience in cash flow modelling and capacity to manage large data sets are preferred .
• Bachelor (or equivalent) degree in finance, financial engineering or other quantitative discipline.
• Proficiency in Microsoft Excel and Microsoft Office applications . Knowledge of programming languages (VBA, Python, etc.) is a plus.
• Permission to work in the UK .
• O ccasional travel within Europe is required .
• Ability to manage multiple projects and work in a team and independently in a dynamic environment under tight deadlines.
• Ability to solve pro blems proactively and creatively.

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 4,000 issuers and 60,000 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 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.

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.

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