Assistant Vice President, Fund Finance Ratings – Surveillance

Morningstar; New York (NY); Vor Ort; USD 98.000 - 138.000; Vollzeit

Zusammenfassung

Morningstar DBRS is seeking an Assistant Vice President to join the Funds Finance credit ratings team within the U.S. Structured Credit group.

The role focuses on surveillance of existing ratings, supporting a growing portfolio of fund debt ratings, and leading analysis for performance and risk assessment. The ideal candidate will have 5–7 years in fund finance or rating agency work, strong analytical skills, and the ability to mentor junior analysts while collaborating across Morningstar DBRS

Qualifikationen

• Undergraduate degree in finance, accounting, business, economics or a related discipline required.
• 5–7 years of relevant experience in credit ratings, funds, or related asset classes.
• Strong proficiency in Microsoft Excel with advanced modelling and analytics.

Aufgaben

• Lead analyst responsible for monitoring transaction performance and surveilling existing credit ratings across funds and facilities.
• Prepare and present detailed discussion and committee materials to credit ratings committees.
• Conduct portfolio analysis using Morningstar DBRS models and rating methodologies.

Kenntnisse

Credit ratings

Fund finance

Analytical skills

Excel advanced

Communication skills

Ausbildung

Bachelor's degree in finance (or related)

Tools

Microsoft Office

VBA

Python

Jobbeschreibung

About the Role

Morningstar DBRS is seeking an Assistant Vice President (AVP) to join the Funds Finance credit ratings team, which is part of the U.S. Structured Credit team, focusing on surveillance of existing credit ratings. This credit analyst will support the growing portfolio of investment fund debt credit ratings as a lead analyst. A successful candidate will have relevant experience in fund finance and/or rating agency work. The role requires sector knowledge, strong analytical and quantitative skills, attention to detail, and the ability to thrive in a collaborative, team-oriented environment.

Job Responsibilities

• Lead analyst responsible for monitoring transaction performance and surveilling existing credit ratings, including but not limited to, feeder fund debt, secured facilities, unsecured debt, subscription loan facilities, and collateralized fund obligations.
• Prepare and present detailed discussion and committee materials to credit ratings committees.
• Conduct portfolio analysis using Morningstar DBRS developed predictive models and credit rating methodologies.
• Draft credit rating letters, press releases, and other relevant disclosures.
• Participate in onsite manager due diligence meetings and calls with market participants and issuers.
• Assess legal, regulatory, counterparty and other risks related to Funds and US SC credit ratings.
• Train and mentor junior analysts.
• Collaborate with other Morningstar DBRS credit teams to support credit rating surveillance, analysis, administration and research.
• Adhere to compliance, regulatory and company policies and procedures.

Qualifications

• Undergraduate degree in finance, accounting, business, economics or a related discipline required.
• 5–7 years of relevant experience, which may include:
  • Credit ratings experience covering funds, BDCs, CLOs or related asset classes;
  • Investment banking or legal experience focused on funds or fund finance;
  • Credit risk management experience covering credit funds or other private credit strategies;
  • Other relevant experience as a market participant within fund finance, private credit or structured credit.
• Strong interest in credit funds, BDCs, CLOs, private credit and/or private equity.
• Proficiency in Microsoft Office, including advanced Excel skills such as building complex formulas or models, pivot tables and charts.
• Strong research and analytical skills with excellent attention to detail.
• Strong written and verbal communication skills, with the ability to prepare clear, concise and well-supported committee materials and reports.
• Ability and willingness to proactively learn new analytical approaches and methodologies.
• Self-starter with the ability to prioritize competing demands, work independently and complete high-quality work with a sense of urgency.
• Ability to work effectively in a fast‑paced environment and manage multiple priorities and deadlines.
• Strong interpersonal and collaboration skills, with the ability to work effectively across teams and contribute to timely and accurate work product.

Nice to Have

• Rating agency experience, including familiarity with credit rating methodologies, committee processes and the broader ratings framework.
• Knowledge of analytical programming languages or tools, such as VBA or Python.

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.

Company Overview

R06_DBRSInc DBRS, Inc. - US Legal Entity Morningstar is a global independent investment research and financial data company. Here, you’ll help uncover what’s hidden, simplify what’s complex, and create insights that empower investor success.

Morningstar Development Program 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.

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life.

• Financial Health 100% 401k match up to 6% of salary
• Stock Ownership Potential Company provided life insurance - 1x salary + commission
• Physical Health Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company‑provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
• Additional medical Wellness Incentives - up to $300-$600 annual
• Company‑provided long‑ and short‑term disability insurance
• Trust‑Based Time Off 6-week Paid Sabbatical Program 6-Week Paid Family Caregiving Leave Competitive 8-24 Week Paid Parental Leave Adoption Assistance Leadership Coaching & Formal Mentorship Opportunities
• Annual Flex Stipend - $1000 annually to cover personal education & well‑being expenses Tuition Reimbursement Social Health Charitable Matching Gifts program Dollars for Doers volunteer program Paid volunteering days 15+ Employee Resource & Affinity Groups

Base Salary Compensation Range $97,854.00-$137,910.00 Incentive Target Percentage 20% Annual

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.