Analyst, RMBS Mumbai

Morningstar Credit Ratings, LLC; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Hybrid work model

Global collaboration tools

Job summary

Morningstar DBRS is seeking a credit research analyst to conduct quantitative and qualitative analysis on assets backing Asset or Mortgage Backed Securities. Based in Navi Mumbai, you will set up templates and reports, assist with special projects, and support the ratings value chain.

You will work with the onshore team, develop expertise in Structured Finance, and contribute to timely research deliverables while adhering to regulatory and internal policies.

Qualifications

• Postgraduate in Finance or CA or CFA charter holder or equivalent.
• 2–3 years in a credit research domain with Structured Finance knowledge.
• Experience at a rating agency is a plus.
• Fluent in English with strong verbal and written communication skills.

Responsibilities

• Analyze credit risk in Structured Finance securities by reviewing deal documents and data.
• Collect, organize and analyze data from internal and external sources for criteria development and reports.
• Prepare portfolio reports and identify material changes for research purposes.
• Communicate with operations and technology teams to ensure requirements are met and UAT is passed.

Skills

Fluent English

Attention to detail

Self-starter

Team player

Multitasking

Education

Postgraduate in Finance or CA or CFA charter holder

Job description

Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and structured finance instruments globally. Currently with 700 employees in eight offices globally. Formed through the July 2019 acquisition of DBRS by Morningstar, Inc., the ratings business is the fourth-largest provider of credit ratings in the world. Morningstar DBRS is committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry. Morningstar DBRS is a market leader in Canada, the U.S. and Europe in multiple asset classes. Morningstar DBRS rates more than 4,000 issuers and 60,000 securities worldwide and is driven to bringing more clarity, diversity of opinion, and responsiveness to the ratings process. Morningstar DBRS approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources.

Visit: https://dbrs.morningstar.com/ to learn more.

About the Role

As a member of the Structured Finance team, you will conduct thorough quantitative and qualitative research on the underlying loans and/or properties that collateralize Asset or Mortgage Backed Securities transactions. In addition, you will assist the onshore team with setting up templates and reports; assist with special projects/initiatives, as needed. With some seasoning, you will be expected to have thorough understanding of the asset class and support on various other task across the ratings value chain. This position is based in our Navi Mumbai office.

Responsibilities

• Analyze the credit risk in Structured Finance securities by performing tasks that include reviewing deal documents, analyzing periodic data and setting up templates.
• Collect, organize and analyze data from internal and external sources for use in criteria development, ratings and research reports.
• Accurate and timely retrieval, analysis, research and reporting of pool level and/or property level performance, including: Identifying and analysing risky assets based upon qualitative and quantitative factors.
• Identifying macro and micro risk factors to determine and measure exposure within the securitized pools.
• Monitoring, analysis, and reporting on Structured Finance transactions, including an investigation of potential default or loss scenarios for underlying collateral.
• Compile and prepare periodic portfolio reports for use by senior staff and identify material changes for research causes.
• Maintain regular and open communication with the operations team and technology team about assigned tasks, priorities and ensure applications under development meet the defined requirements and pass the user acceptance testing prior to its release.
• Understand the domain and implement quick fix solutions to align the development activities with dynamic business needs.
• Take ownership of the tasks with focus on quality and accuracy of the deliverables.
• Demonstrate strong learning curve and eagerness to move up the rating value chain.
• Ensure compliance with regulatory and company policies and procedures.

Requirements

• Postgraduate in Finance or CA or CFA charter holder or such equivalent qualification.
• 2 to 3 years of experience in a credit research domain, with Structured Finance knowledge, experience at a rating agency is a plus.
• Fluent in English, with good verbal and written communication skills.
• Strong attention to detail and accuracy.
• Highly motivated, self-starter who is keen to learn, has a positive attitude and a strong work ethic.
• Ability to manage multiple tasks at the same time and deliver results in a timely manner.
• Good inter-personal skills and ability to participate/ contribute as a team player.

Benefits

• 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.

Morningstar DBRS is an equal opportunity employer.

Compliance and Conflict of Interest

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.

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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Company Overview

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.