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

Morningstar DBRS; New York (NY); Hybrid; 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

6-week paid sabbatical program

Leadership coaching opportunities

Annual Flex Stipend - $1000

Job summary

Morningstar DBRS is seeking a Ratings Analyst to join their U.S. ABS team in New York. This role involves conducting analytical activities for assigning and monitoring ratings for U.S. ABS transactions under minimal supervision. The successful candidate will engage in performance data analysis, structural analysis, and legal document review, emphasizing teamwork and strong analytical skills.

The candidate will also be responsible for leading rating committees and presenting findings to senior team members while mentoring junior analysts within a collaborative environment.

Qualifications

• 7+ years of experience in structured finance.
• Proficiency with credit and legal aspects of structured finance transactions.
• Self-starter with the ability to thrive in a fast-paced environment.

Responsibilities

• Act as a lead rating analyst with minimal supervision.
• Discuss rating approaches with bankers, issuers, and investors.
• Prepare disclosure documents such as rating reports and press releases.
• Mentor junior analysts.

Skills

Quantitative and analytical skills

Attention to detail

Interpersonal communication

Team collaboration

Education

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

Master's degree in finance or related field

Tools

Microsoft Excel

Microsoft Office programs

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.
• Analyzing historical performance data and collateral characteristics and/or working 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 & 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.

Compensation and Benefits

Base Salary Compensation Range: $113,308.00-178,794.66

Incentive Target Percentage: 30% Annual

• 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

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.

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