VP - US Structured Credit, Fund Feasibilities

Morningstar DBRS; New York (NY); Hybrid; USD 110,000 - 205,000; Full time

Job summary

A leading credit rating agency is seeking a Vice President to lead credit ratings and manage project workflows within the U.S. Structured Credit team. The ideal candidate will have at least 7 years of experience in credit risk management or related fields, excellent analytical skills, and a strong proficiency in Microsoft Excel. This role also offers mentorship opportunities for junior analysts and involves significant client interaction.

Benefits

401k match

Comprehensive health benefits

Flexible work environment

Paid parental bonding leave

Qualifications

• 7+ years' relevant experience in credit risk management or investment banking.
• Strong interest in credit funds, CLOs, or private equity.
• Ability to mentor junior analysts and lead projects.

Responsibilities

• Lead analyst responsible for assigning new credit ratings.
• Support credit ratings surveillance for existing ratings.
• Prepare and present new transactions to senior team members.

Skills

Credit analysis

Credit risk management

Analytical skills

Project management

Interpersonal skills

Creativity

Education

Bachelor's degree

Tools

Microsoft Excel

Analytical programming languages (VBA, Python)

Job description

Overview

Morningstar DBRS is seeking a Vice President to support the Funds credit ratings team, which is part of the U.S. Structured Credit team. U.S. Structured Credit (US SC) is a credit rating analytics team that assigns and monitors credit ratings, develops research and maintains credit rating methodologies for investment fund debt, collateralized loan obligations (CLOs), other corporate securitizations and bespoke credit rating opportunities.

Responsibilities

• Lead analyst responsible for assigning new credit ratings and establishing protocols for new or bespoke credit rating opportunities
• Support credit ratings surveillance for existing ratings
• Manage project development workflow and compliance
• Prepare and present new transactions to senior members of the Structured Finance team to determine feasibility and methodology application
• Participate in external client calls to discuss methodologies and transaction proposals
• Prepare and present detailed discussion and committee memos for US SC credit rating committees
• Conduct portfolio analysis using Morningstar DBRS developed predictive models
• Assess legal, regulatory, counterparty and other risks related to US SC credit ratings
• Support the expansion of the Funds team by championing projects and initiatives
• Mentor junior analysts
• Respond to client and colleague inquiries regarding methodologies, analysis and research
• Coordinate with internal teams to support credit rating analysis across varying products and asset classes

Qualifications

• Completed a bachelor\'s degree
• 7+ years\' relevant experience, which could include:
• Funds or Structured Finance credit ratings-related work
• Investment banking or legal counsel focusing on funds-related work
• Credit or counterparty risk management focusing on credit funds, or other relevant experience as a market participant
• Strong interest in credit funds, CLOs, private credit and private equity encouraged
• Advanced knowledge and practical skills in Microsoft Excel
• Demonstrated analytical abilities, with a high attention to detail and producing high quality work
• Willingness and ability to learn new analytical approaches proactively
• Willingness and ability to think creatively
• Curiosity to develop new applications and to perform complex analyses
• Self-starter with ability to prioritize and complete complex analytical work independently, accurately and with a sense of urgency
• Professional, pro-active, flexible, diligent and dependable
• Must be a team player with strong interpersonal skills
• Ability to work on own initiative, without the need for close supervision
• Nice to Have: Knowledge of analytical programming language (VBA, Python, etc.)
• Nice to Have: Knowledge of other asset classes (e.g., ABS, RMBS, CMBS)

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

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
  • 75% 401k match up to 7%
  • 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 Bonding Leave
  • Adoption Assistance
  • Leadership Coaching & Mentorship Opportunities
  • Annual Education Stipend
  • 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

$110,000.00 - 205,000.00 USD Annual

Incentive Target Percentage

30% Annual

If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentially 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 work remotely and collaborate in-person each week. While some positions are available as fully remote, we\'ve found that we\'re at our best when we\'re purposely together on a regular basis, typically three days 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.

R06_DBRSInc DBRS, Inc. - US Legal Entity