Senior Manager, Credit Ratings

Morningstar Credit Ratings, LLC; Mumbai; On-site; INR 3,500,000 - 7,000,000; Full time

Benefits offered by this job

Hybrid work environment (in-office)

Competitive benefits

Global collaboration

Job summary

Morningstar DBRS in Mumbai seeks a Senior Manager for Structured Finance to lead a 30+ analyst team, overseeing ABS, RMBS, CMBS, and cashflow modeling. The role emphasizes strategic leadership, stakeholder management, and process automation to deliver timely and accurate credit information.

You will collaborate with global teams, drive governance, and mentor talent while navigating a fast-paced, regulatory environment.

Qualifications

• Postgraduate degree in Finance, Economics, Business, or related discipline; CFA charter holder or equivalent preferred.
• 15+ years of relevant experience with leadership of large analytical or credit operations teams.
• Experience managing 30+ employees including managers or leads, with hiring and retention capabilities.
• Strong understanding of Structured Finance asset classes (ABS, RMBS, CMBS).
• Exposure to cashflow modeling and global credit ratings is advantageous.
• Experience in global, multicultural, matrixed organizations with senior stakeholder influence.
• Excellent written and verbal English communication; able to present complex topics clearly.

Responsibilities

• Lead and manage multiple Structured Finance teams across ABS, RMBS, CMBS, ensuring delivery quality.
• Provide strategic leadership across workflows: surveillance, new issuance, data analysis and modeling.
• Define OKRs with leadership and translate to team performance goals.
• Coordinate with global analytical teams to address delivery risks and quality standards.
• Drive resource planning, hiring, and capacity management for scalable growth.
• Support process transitions, automation, and AI-enabled productivity initiatives.
• Maintain governance with global stakeholders, including risk tracking and reporting.
• Ensure adherence to regulatory and compliance requirements across regions.

Skills

Leadership

English communication

Strategic thinking

Stakeholder management

Mentoring

Education

Postgraduate degree in Finance or Economics

Tools

Python

Intex

Automation platforms

AI tools

Job description

Senior Manager: Structured Finance, Morningstar DBRS Credit Operations (Mumbai)

About Us: 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. Rating more than 4,500 issuers and 68,000 securities, 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. For 50 years, Morningstar DBRS has been committed to bringing greater transparency and a much-needed diversity of opinion in the credit rating industry. Our nimble approach combined with Morningstar’s global scale and resources enable us to respond to customers’ needs in their local markets while also empowering investor success worldwide. Market innovators choose to work with us because of our agility, tech-forward approach, and exceptional customer service. In addition to registrations in Canada, the U.S., Europe, and Australia with the relevant regulators, Morningstar DBRS is also recognized as a credit rating agency by regulators and central banks in various other jurisdictions.

The Team

Morningstar DBRS is a global credit ratings business with about 800 employees in eight offices globally. Formed through the acquisition of DBRS by Morningstar, Inc., the credit ratings business is one of the top four credit rating agencies 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.

About the Role

This role is for the Credit Operations Mumbai Analytics team that enables and supports the efficient and effective delivery of credit ratings/information to the market with its specialized skills and assets, consistent frameworks, and economies of scale. The team collaborate with stakeholders to build creative, impactful solutions and offer services for business and the market.

Key Responsibilities

• Lead and manage multiple Structured Finance teams comprising 30+ analysts across ABS, RMBS, CMBS, and Cashflow Modeling, ensuring consistent delivery quality, productivity, and stakeholder alignment.
• Provide strategic and operational leadership across structured finance workflows, including surveillance support, new issuance support, data analysis, model execution, cashflow review, and analytical process support.
• Design clear OKRs for teams in consultation with local and global leadership, ensuring alignment with business priorities and meaningful translation into team-level performance goals.
• Partner with global analytical teams to define priorities, address delivery risks, resolve operational hurdles, and ensure Credit Operations support meets expected quality and turnaround standards.
• Drive resource planning, cost discipline, hiring, capacity management, workload allocation, and succession planning to support scalable business growth.
• Support process transitions, new-product onboarding, workflow standardization, automation, and technology-led innovation, including the practical adoption of AI tools where appropriate.
• Maintain a strong governance and reporting framework with global stakeholders, including disciplined escalation, risk tracking, metric reviews, and transparent communication routines.
• Ensure strict adherence to applicable regulatory, compliance, information security, and business-specific requirements across regions and asset classes.
• Build a high-performance culture focused on accountability, collaboration, continuous improvement, analytical rigor, inclusion, and professional development.
• Actively drive talent development, career progression, coaching, engagement, and retention initiatives in consultation with global managers and India leadership.

Requirements

• Postgraduate degree in Finance, Economics, Business, or a related discipline; CFA charter holder or equivalent professional qualification preferred.
• 15+ years of relevant experience, including leadership of large analytical, financial services, credit operations, captive center, or global capability teams.
• Demonstrated experience managing large teams of 30+ employees, including managers or team leads, with strong capability in hiring, coaching, performance management, and retention.
• Strong understanding of Structured Finance asset classes such as ABS, RMBS, CMBS, and related analytical workflows; exposure to cashflow modeling is strongly preferred.
• Knowledge of global credit ratings, financial services markets, structured finance products, and the regulatory environment would be an advantage.
• Experience working in global, multicultural, and matrixed organizations with the ability to influence senior stakeholders across geographies.
• Strong strategic thinking, stakeholder management, operational governance, and execution skills.
• Detail-oriented, organized, and motivated leader with strong judgment, mindset of ownership, and the ability to manage multiple priorities in a fast-paced environment.
• Excellent written and verbal communication skills in English, with the ability to present complex operational and analytical matters clearly to senior audiences.
• Technical understanding of cashflow modeling tools, Python, Intex, automation platforms, and AI-enabled productivity tools would be a plus.

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.

Compliance & 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.

Legal Entities

R11_DBRSRatingsGmbHIndia DBRS Ratings GmbH, Branch India Legal Entity.

Equal Opportunity Employment

Morningstar DBRS is an equal opportunity employer.

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.