Senior Manager Credit Ratings

Morningstar; Mumbai; On-site; INR 2,500,000 - 6,000,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Morningstar DBRS in Mumbai seeks a Senior Manager to oversee multiple Structured Finance teams (ABS, RMBS, CMBS) and provide strategic leadership across analytics and workflows. You will partner with global analytics and India leadership to drive automation, process improvements, and high-quality delivery.

Strong cashflow modelling, leadership, and stakeholder management are essential. The role offers hands-on leadership of 30+ analysts, with a focus on governance, hiring, and engagement in a

Qualifications

• Postgraduate degree in Finance, Economics, Business or related field; CFA preferred.
• 15+ years in analytical/credit operations or global capabilities with leadership.
• Experience leading large teams (30+ staff) and hiring/coaching.
• Strong knowledge of ABS/RMBS/CMBS and cashflow modelling.
• Exposure to global credit ratings and regulatory environment.

Responsibilities

• Lead multiple Structured Finance teams across ABS, RMBS, CMBS, and Cashflow Modeling.
• Provide strategic and operational leadership for structured finance workflows.
• Design OKRs and align with global leadership and priorities.
• Drive resource planning, hiring, and succession for scalable growth.
• Oversee governance, risk, and performance reporting to global stakeholders.

Skills

Leadership

Structured Finance

Cashflow Modelling

Strategic thinking

Stakeholder management

Analytical rigor

Education

Postgraduate degree in Finance/Economics/Business

CFA charter holder (preferred)

Tools

Python

Intex

Automation platforms

Job description

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.
For more information visit: About Morningstar DBRS | Morningstar DBRS

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. 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.

About the Role:

As a Senior Manager, you will lead multiple Structured Finance operations teams supporting Morningstar DBRS analytical products across ABS, RMBS, CMBS, and Cashflow Modeling. The role will manage a team of 30+ analysts and people leaders, ensuring high-quality analytical support, disciplined execution, strong governance, and scalable delivery across global structured finance workflows. You will partner closely with global analytical teams and Mumbai Credit Operations leadership to drive process transitions, automation, operational excellence, talent development, hiring, retention, and strategic initiatives that strengthen the Structured Finance operating model.

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 centre, 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 modelling 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 organisations with the ability to influence senior stakeholders across geographies.
• Strong strategic thinking, stakeholder management, operational governance, and execution skills.
• Detail‑oriented, organised, and motivated leader with strong judgement, 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 modelling tools, Python, Intex, automation platforms, and AI‑enabled productivity tools would be a plus.

Morningstar DBRS is an equal opportunity employer.

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.

R11_DBRSRatingsGmbHIndia DBRS Ratings GmbH, Branch India Legal Entity