Senior Credit Analyst, RMBS

Morningstar Credit Ratings, LLC; New York (NY); On-site; USD 180,107 - 228,000; Full time

Benefits offered by this job

401(k) match up to 6%

Health insurance

Paid sabbatical

Tuition reimbursement

Job summary

Morningstar Credit Ratings, LLC is seeking a Senior Credit Analyst in New York. You will lead the analysis of structured finance transactions, evaluating credit risks and collaborating with stakeholders to ensure accurate credit ratings. This role requires extensive experience in RMBS and robust analytical skills, along with a bachelor's degree in a relevant field.

The position offers a competitive salary ranging from $180,107 to $228,000, along with comprehensive benefits including a 401(k) match, health insurance, and generous paid time off.

Qualifications

• Minimum 5 years of experience in structured finance credit analysis.
• Experience with RMBS transactions backed by various mortgage loans.
• Ability to produce and publish industry commentaries and newsletters.

Responsibilities

• Lead analysis on structured finance transactions.
• Present findings to rating committees and senior staff.
• Conduct scenario and sensitivity analyses.

Skills

Structured finance credit analysis

Analytical systems proficiency (Intex, Bloomberg)

Microsoft Excel and Office applications

VBA or Python programming

Quantitative and analytical skills

Education

Bachelor's degree in Finance, Accounting, Commerce, Math, Economics, Computer Science, Engineering

Job description

Senior Credit Analyst, RMBS – New York, NY

As a Senior Credit Analyst at Morningstar DBRS, you will serve as a lead analyst on structured finance transactions, conducting analysis of collateral, deal structures, legal issues, and credit risks associated with residential mortgage‑backed securities. You will collaborate with rating committees, technology teams, external stakeholders, and internal colleagues to deliver robust credit ratings and strategic insights.

Responsibilities

• Lead analysis on structured finance transactions with minimal supervision.
• Present findings to rating committees and senior staff.
• Test cash flows and perform scenario and sensitivity analyses.
• Analyze collateral, deal structures, legal aspects, and underwriting guidelines.
• Identify key credit issues during the new issue rating process.
• Coordinate with technology teams to improve processes and models.
• Develop criteria and enhance structured finance models.
• Produce and publish industry commentaries and newsletters.
• Participate in meetings with bankers, investors, and originators.
• Maintain relationships with external stakeholders.
• Represent the organization at industry conferences and panels.

Qualifications

• Bachelor's degree in Finance, Accounting, Commerce, Math, Economics, Computer Science, Engineering, or a related field (or equivalent combination of education, training, and experience).
• Minimum 5 years of experience in structured finance credit analysis.
• Experience with RMBS transactions backed by fix‑and‑flip, non‑QM, prime jumbo QM, GSE‑CRT, MILN, HELOC, and other residential mortgage loans.
• Proficiency in fixed‑income analytical systems such as Intex (Dealmaker, Calc) and Bloomberg.
• Strong understanding of credit and legal aspects of structured finance.
• Experience performing transaction analysis including collateral review and deal structure assessment.
• Advanced skills in Microsoft Excel and Office applications.
• Quantitative and analytical skills, with experience in VBA, Python, or another programming language.
• Ability to produce and publish industry commentaries and newsletters.
• Unrestricted right to work in the U.S. and willingness to travel within the USA (no more than 10 days per year).

Compensation & Benefits

Salary: $180,107 – $228,000.

Benefits include 100% 401(k) match up to 6% of salary, company‑provided health insurance, paid time off (including paid sabbatical, family caregiving leave, parental leave, adoption assistance), wellness programs, leadership coaching, tuition reimbursement, and more.

Remote Work

Remote work requests will be considered in line with the company's remote‑work policy.

Equal Employment Opportunity

Morningstar is an equal opportunity employer. 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.