U.S. RMBS Credit Ratings, Senior Analyst – New York

Morningstar; New York (NY); On-site; USD 100,000 - 160,000; Full time

Benefits offered by this job

401(k) match

Life insurance

Health benefits

Wellness incentives

Disability insurance

Sabbatical program

Parental leave

Tuition reimbursement

Volunteer program

Job summary

Morningstar DBRS is seeking an analytically strong professional to conduct RMBS transaction analysis, assess collateral, deal structures, and legal frameworks. You will co-lead transactions, present findings to rating committees, and collaborate with senior analysts to ensure criteria consistency.

The role emphasizes building modeling tools, performing stress tests, and producing market commentary. Engage with bankers, issuers, and investors in a professional, client‑facing capacity in a hybrid

Qualifications

• Bachelor’s degree in finance, economics, math, engineering, computer science, or a related field.
• 2+ years of experience in structured finance, securitization, banking, mortgage finance, or a relevant analytical role.
• Strong analytical and quantitative abilities with excellent attention to detail.
• Proficiency in Microsoft Excel and standard Office applications.
• Organized, deadline-driven, and able to manage multiple priorities.
• Strong communication and presentation skills, with the ability to convey complex concepts clearly.

Responsibilities

• Core Analytical Work Conduct RMBS transaction analysis, including assessment of collateral characteristics, deal structures, credit enhancement levels, and legal frameworks. Identify and focus on key credit issues during the new‑issue rating process.
• Committee & Internal Collaboration Serve as a co‑lead or back‑up analyst on selected transactions. Present analytical findings to rating committees with clarity and confidence. Collaborate with senior analysts to ensure accurate and consistent application of criteria.
• Modeling & Methodology Contribute to the enhancement of structured finance criteria, models, and analytical tools. Perform sensitivities, transaction comparisons, and stress‑testing tasks under the guidance of senior team members.
• Research & Publications Produce and publish market updates, newsletters, or concise commentary with minimal supervision.
• External Engagement Participate in meetings with bankers, issuers, investors, and other market participants to discuss transaction details and analytical considerations. Represent the team professionally in all client‑facing interactions.

Skills

Analytical skills

Quantitative abilities

Excel skills

Communication skills

Presentation skills

Time management

Education

Bachelor's degree

Tools

Excel

Job description

Job Responsibilities:

• Core Analytical Work Conduct RMBS transaction analysis, including assessment of collateral characteristics, deal structures, credit enhancement levels, and legal frameworks. Identify and focus on key credit issues during the new‑issue rating process.
• Committee & Internal Collaboration Serve as a co‑lead or back‑up analyst on selected transactions. Present analytical findings to rating committees with clarity and confidence. Collaborate with senior analysts to ensure accurate and consistent application of criteria.
• Modeling & Methodology Contribute to the enhancement of structured finance criteria, models, and analytical tools. Perform sensitivities, transaction comparisons, and stress‑testing tasks under the guidance of senior team members.
• Research & Publications Produce and publish market updates, newsletters, or concise commentary with minimal supervision.
• External Engagement Participate in meetings with bankers, issuers, investors, and other market participants to discuss transaction details and analytical considerations. Represent the team professionally in all client‑facing interactions.

Qualifications:

• Bachelor’s degree in finance, economics, math, engineering, computer science, or a related field.
• 2+ years of experience in structured finance, securitization, banking, mortgage finance, or a relevant analytical role.
• Strong analytical and quantitative abilities, with excellent attention to detail.
• Proficiency in Microsoft Excel and standard Office applications.
• Organized, deadline‑driven, and comfortable managing multiple priorities.
• Strong communication and presentation skills, with the ability to convey complex concepts clearly.

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. Here are some examples of the offerings we provide:

• 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
• 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 & 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

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.

Company overview

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. 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.

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.