Senior Credit Analyst, RMBS

Morningstar DBRS; New York (NY); Hybrid; USD 180,107 - 228,000; Full time

Benefits offered by this job

100% 401(k) match up to 6% of salary

Comprehensive medical, dental, and vision benefits

Trust-Based Time Off and paid sabbatical program

Job summary

Morningstar DBRS is seeking a Senior Credit Analyst for their New York office. This role involves acting as a lead analyst on structured finance transactions while conducting thorough analysis on a variety of loan types, including fix-and-flip and prime jumbo RMBS.

Ideal candidates will have a bachelor's degree and five years of experience in structured finance. The position offers a competitive salary range of $180,107 - $228,000, along with comprehensive health and financial benefits.

Qualifications

• 5 years of experience in structured finance as a Credit Analyst or in a related role.
• Expertise in assigning ratings to RMBS transactions.
• Experience performing transaction analysis including collateral analysis.

Responsibilities

• Act as a lead analyst on structured finance transactions.
• Conduct scenario and sensitivity analysis.
• Produce and publish industry commentaries.

Skills

Strong quantitative and analytical skills

Proficiency in Microsoft Excel

Experience with VBA, Python or other programming languages

Education

3- or 4‑year bachelor’s degree in Finance, Accounting, Commerce, Math, Economics, Computer Science, or Engineering

Tools

Fixed‑income analytical systems such as Intex (Dealmaker, Calc) and Bloomberg

Job description

Senior Credit Analyst, RMBS

Location: New York, NY

Job Duties

• Act as a lead analyst on structured finance transactions with minimal supervision, and present analysis to the rating committee. Coverage includes fix‑and‑flip loans, non‑QM, prime jumbo QM, GSE‑CRT, MILN, HELOC and other residential mortgage loans.
• Test cash flows to confirm accuracy and robustness of cash flow models.
• Conduct scenario/sensitivity analysis and communicate analysis to senior staff and colleagues.
• Perform transaction analysis including analysis of collateral, deal structures and legal issues.
• Focus on key credit issues during the new issue rating process including industry regulations, disclosure practices and compliance requirements in the RMBS sector.
• Coordinate with the technology team to build and improve processes.
• Participate in criteria development and enhancement of structured finance models.
• Produce and publish industry commentaries and newsletters.
• Participate in external meetings with bankers, investors, and originators.
• Analyze representation and warranties provided on the loans in the transaction and underwriting guidelines of originators to assess implications to credit quality.
• Build and maintain relationships with bankers, investors and originators.
• Represent the organization in industry conferences and panel discussions.
• Remote work requests will be considered consistent with the company's remote work policy.
• Domestic travel within the USA required, not more than 10 days throughout the year.

Job Requirements

• 3- or 4‑year bachelor’s degree in Finance, Accounting, Commerce, Math, Economics, Computer Science, Engineering, or any other related field.
• 5 years of experience in structured finance in a Credit Analyst or related role.
• Experience assigning ratings to RMBS transactions backed by fix‑and‑flip loans, non‑QM, prime jumbo QM, GSE‑CRT, MILN, HELOC and other residential mortgage loans.
• Experience in the structured products market and technical expertise using fixed‑income analytical systems such as Intex (Dealmaker, Calc) and Bloomberg.
• Experience with credit and legal aspects of structured finance transactions in the residential mortgage product area.
• Experience performing transaction analysis including analysis of collateral, deal structure, and legal issues.
• Proficiency in Microsoft Excel and Microsoft Office programs.
• Strong quantitative and analytical skills.
• Experience with VBA, Python, or other basic programming language.
• Experience producing and publishing industry commentaries and newsletters.
• Will accept any suitable combination of education, training, and experience.
• Must possess an unrestricted right to work in the United States.

Compensation

Salary range: $180,107 - $228,000.

Benefits

• Financial Health: 100% 401(k) match up to 6% of salary; Stock ownership potential; Company‑provided life insurance – 1× salary + commission.
• Physical Health: Comprehensive medical, dental, and vision benefits; potential premium discounts; company‑provided HSA contributions (up to $500–$2,000 annually); additional medical wellness incentives up to $300–$600 annually; company‑provided long‑ and short‑term disability insurance.
• Emotional Health: 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 and formal mentorship opportunities; annual flex stipend – $1,000 annually to cover personal education and well‑being expenses; tuition reimbursement.
• Social Health: Charitable matching gifts program; Dollars for Doers volunteer program; paid volunteering days; 15+ employee resource and affinity groups.
• Morningstar DBRS is an equal opportunity employer.