VP, US ABS Surveillance

Morningstar; New York (NY); Hybrid; USD 113,000 - 179,000; Full time

Benefits offered by this job

401k match

Stock ownership

Life insurance

Health benefits

Disability insurance

Sabbatical

Parental leave

Tuition reimbursement

Volunteer program

Job summary

Morningstar DBRS seeks a Vice President for the ABS – Surveillance team in New York to analyze credit risk in ABS, manage a portfolio of credits, and prepare materials for rating committees. You will present conclusions to the Rating Committee and collaborate with cash flow modeling to test stress scenarios.

You will mentor junior analysts and contribute to automation, databases, and analytical tools as part of a fast-paced, growth-focused team at Morningstar DBRS, a leading credit rating agency

Qualifications

• Bachelor’s degree in finance, mathematics, accounting, economics or similar quantitative discipline.
• 7+ years of experience in Structured Finance (ABS preferred).
• Excellent quantitative and writing skills.
• Strong communication skills.
• Curiosity and the capability to turn intuition into usable tools to advance departmental efficiency.

Responsibilities

• Analyze the credit risk in ABS by performing tasks that include collateral/loss analysis, modeling transactions and reviewing associated legal documentation.
• The candidate would be responsible for management of assigned portfolio of credits to surveil.
• Prepare materials to be reviewed at rating committee.
• Present analytical conclusions and recommendation to rating committee.
• Work with cash flow modeling team to run appropriate stress scenarios for rating analysis.
• Assist in mentoring and training junior analysts.
• The position will be central to the team's ability to manage increasing rating responsibilities while continuing to “get the rating right.”
• Assist in the development and publication of topical research.
• Coordinate with other teams to support credit rating analysis, research and administration.
• Interact with other team members to learn the department techniques and automation.
• Utilize original thinking to extend in-place automation.
• Assist the team in building various databases and analytical tools.

Skills

Quantitative analysis

Credit risk analysis

Financial modeling

Writing skills

Communication

Problem solving

Mentoring

Education

Bachelor's degree in finance or related

Tools

VBA

Job description

Morningstar DBRS is seeking a Vice President for our ABS – Surveillance team in the New York office. We are looking for problem solvers, analytical thinkers, and solution initiators to focus on extant asset-backed securities (ABS) transactions. This role will provide unique opportunities to learn and be exposed to more than 40 segments of the ABS market as well as gaining expertise in computational and automation based processes. You will be part of a team responsible for maintaining the ratings and taking rating actions on ABS securitized assets such as auto loans, equipment leases, aircraft leases, marine containers, and many others.

The analyst selected will become an expert in surveilling a diverse portfolio of ABS sectors. Upon performing a deep dive, the analyst will formulate a memo summarizing the transaction and including cogent rationale for each proposed rating. The analyst will then present and defend the findings to the Rating Committee.

Job Responsibilities

• Analyze the credit risk in ABS by performing tasks that include collateral/loss analysis, modeling transactions and reviewing associated legal documentation.
• The candidate would be responsible for management of assigned portfolio of credits to surveil.
• Prepare materials to be reviewed at rating committee.
• Present analytical conclusions and recommendation to rating committee members.
• Work with cash flow modeling team (when applicable) to run appropriate stress scenarios for rating analysis.
• Assist in mentoring and training junior analysts.
• The position will be central to the team's ability to manage increasing rating responsibilities while continuing to “get the rating right.”
• Assist in the development and publication of topical research.
• Coordinate with other teams to support credit rating analysis, research and administration.
• Interact with other team members to learn the department techniques and automation.
• Utilize original thinking to extend in-place automation.
• Assist the team in building various databases and analytical tools.

Qualifications

• Completed a bachelor’s degree in a subject such as finance, mathematics, accounting, economics or similar quantitative discipline.
• 7+ years of experience in Structured Finance (preferably ABS background).
• Excellent quantitative and writing skills.
• Strong communication skills.
• Curiosity and the capability to turn intuition into usable tools to advance departmental efficiency.

Nice To Have

• Knowledge of a programming language other than VBA.
• Ability to balance multiple tasks and projects simultaneously.
• ity to analyze large data sets and deliver largely error-free conclusions.

About Us

Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world.

Morningstar DBRS empowers investor success by bringing more transparency and a much-needed diversity of opinion in the credit rating industry. Our approach and size allow us to be nimble enough to respond to customers' needs in their local markets, but large enough to provide the necessary expertise and resources they require. Market innovators choose to work with us because of our agility, tech-forward approach, and exceptional customer service.

Morningstar DBRS is the next generation of credit ratings.

Compensation And Benefits

• 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

Base Salary Compensation Range

$113,308.00-$178,794.66

Incentive Target Percentage

30% Annual

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.