Senior Manager, Structured Finance

Morningstar; Mumbai; On-site; INR 3,800,000 - 6,400,000; Full time

Job summary

Morningstar DBRS Credit Operations in Mumbai seeks a Senior Manager for Structured Finance. Lead 30+ analysts across ABS, RMBS, CMBS, and Cashflow Modeling, ensuring high-quality analytics, governance, and scalable delivery. Drive automation and AI-enabled productivity while coordinating with global teams.

The role requires a postgraduate degree in Finance, 15+ years in financial services, and strong communication with senior stakeholders. CFA preferred; multinational exposure is a plus.

Qualifications

• Postgraduate degree in Finance or related discipline is required.
• CFA charter holder or equivalent qualification preferred.
• 15+ years of relevant leadership experience in finance/credit operations.
• Experience leading 30+ member teams and managing senior stakeholders.
• Strong knowledge of ABS/RMBS/CMBS and cashflow modeling.

Responsibilities

• Lead multiple Structured Finance teams (30+ analysts) across ABS/RMBS/CMBS and cashflow modeling.
• Provide strategic and operational leadership across structured finance workflows and governance.
• Set clear OKRs and align with global leadership to drive performance.
• Oversee hiring, talent development, and succession planning to scale operations.

Skills

Structured Finance

Leadership

Stakeholder management

Cashflow modeling

Python

Intex

Education

Postgraduate degree in Finance

CFA charter holder preferred

Tools

Python

Intex

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 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.

Morningstar DBRS is an equal opportunity employer.