Vice President, Asset Backed Securities - Commercial, Esoteric & New Assets

Morningstar Credit Ratings, LLC; New York (NY); On-site; USD 113,308 - 178,794; Full time

Benefits offered by this job

100% 401k match up to 6%

Comprehensive health benefits

Trust-Based Time Off

Paid Sabbatical Program

Charitable matching gifts

Job summary

The Morningstar Credit Ratings, LLC is seeking a Vice President-level ratings analyst for the U.S. ABS team in New York, New York. This role includes conducting analytical activities for U.S. ABS transactions including equipment loans and leases, with a strong focus on teamwork and client engagement.

Candidates should have 7+ years of structured finance experience, excellent quantitative, analytical, and communication skills. The position offers a compensation range of $113,308–$178,794 along with comprehensive benefits.

Qualifications

• 7+ years of experience in structured finance.
• Strong quantitative and analytical skills, with high attention to detail.
• Self-starter and team player in a fast-paced environment.

Responsibilities

• Act as a lead rating analyst with minimal supervision.
• Analyze historical performance data and collateral characteristics.
• Review legal documents and address legal points.

Skills

Quantitative and analytical skills

Interpersonal skills

Presentation skills

Communication skills

Education

Bachelor's degree in finance, math, economics, computer science, engineering or related field

Master's degree in finance, math, economics, computer science or related field (nice to have)

Tools

Microsoft Excel

Microsoft Office

Job description

About the Role: The Morningstar DBRS U.S. ABS team is seeking a ratings analyst with strong quantitative and analytical skills at the Vice President level to support the Commercial ABS platform. The role is based in New York, New York as part of the Global Structured Finance team. The successful candidate will primarily, under the direction of lead analysts and sector leadership, conduct analytical activities required to assign and monitor ratings for U.S. ABS transactions backed by equipment loans & leases, data centers, franchise/whole business securitizations and other emerging asset classes. Responsibilities include collateral and obligor assessment, performance data analysis, cash flow and structural analysis, operational and counterparty risk assessment, and legal document review. The role offers exposure to highly structured transactions and evolving asset types in a collaborative, client‑facing environment. Candidates should be willing to work in an environment with a strong focus on teamwork and have strong work ethics, an analytical and quantitatively oriented mind‑set, and attention to details. The successful candidate will possess the interpersonal, presentation, and communication skills necessary to work with all levels of professionals, executives, and external contacts. The role offers wide opportunities to develop structured finance experience in a client facing environment.

Job Responsibilities

• Act as a lead rating analyst with minimal supervision or support a deal team on ABS transactions and present analysis to rating committee.
• Discuss rating approaches and analytical considerations with bankers, issuers and investors.
• Analyze historical performance data and collateral characteristics and/or work with junior analysts performing such analysis.
• Prepare and present new transactions to senior members of the ABS team to determine feasibility and methodology application.
• Review legal documents and address pertinent legal points with issuers and legal counsel.
• Work with cash flow modeling team to run appropriate stress scenarios for rating analysis.
• Prepare materials to be reviewed at rating committee.
• Present analytical conclusions and recommendation to rating committee members.
• Prepare disclosure documents such as pre-sale reports, rating reports, press releases and regulatory disclosures.
• Work with the ABS Surveillance team to monitor existing ratings.
• Write research and participate in webinars and issuer, banker and investor meetings.
• Coordinate with other teams to support credit rating analysis, research and administration.
• Adhere to procedures and regulatory compliance.
• Mentor junior analysts.

Qualifications

• Completion of bachelor’s degree in finance, math, economics, computer science, engineering, or any other related field.
• 7+ years of experience in structured finance.
• Proficiency in Microsoft Excel and Microsoft Office programs.
• Robust understanding of credit and legal aspects of structured finance transactions in the asset‑backed product area.
• Strong quantitative and analytical skills, with a high attention to detail.
• Excellent written and verbal communication and interpersonal skills.
• Self‑starter and team player with demonstrated ability to work in a fast‑paced environment.
• Personable, eager to learn, organized, deadline driven, and systems oriented.
• Nice to have Master’s degree in finance, math, economics, computer science or any other related field.

Benefits

• Financial Health: 100% 401k match up to 6% of salary.
• Stock Ownership and potential company‑provided life insurance.
• Physical Health: Comprehensive health benefits (medical/dental/vision) and wellness incentives.
• Emotional Health: Trust‑Based Time Off.
• Paid Sabbatical Program and paid family caregiving leave.
• Competitive paid parental leave and adoption assistance.
• Leadership coaching and formal mentorship opportunities.
• Annual flexibility stipend and tuition reimbursement.
• Social health: charitable matching gifts and paid volunteer days.
• Base salary compensation range: $113,308.00–$178,794.66 with incentive target percentage of 30%.

EEO is the Law. Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions—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—based on the merits of the individual.