Morningstar Credit Ratings, LLC
Vice President, Credit Ratings – RMBS Surveillance
Morningstar Credit Ratings, LLC, New York, New York, us, 10261
Vice President, Credit Ratings – RMBS Surveillance page is loaded Vice President, Credit Ratings – RMBS Surveillance Apply locations New York time type Full time posted on Posted 2 Days Ago job requisition id AP-9006454
About the Role Morningstar DBRS is hiring an experienced mortgage finance and credit analyst to contribute to its Residential Mortgage-Backed Securities (RMBS) surveillance team. In this role you will be the lead analyst for Morningstar DBRS rated transactions. You will be responsible for the management of assigned portfolio of credits to surveil , using your advanced understanding of the US mortgage sector. Job Responsibilities The selected analyst will report to the Head of U.S. RMBS Surveillance and be part of the RMBS Surveillance group. Manage the periodic surveillance of DBRS Morningstar’s rated book, identifying bond-level events that necessitate rating actions in accordance with our policies and procedures. Monitor movement at the loan and transaction level to identify transactions that merit further analysis. Complete surveillance reviews of Morningstar DBRS-rated RMBS transactions. This work will involve analyzing underlying collateral and bond-level reporting provided by the transaction parties. Prepare committee memorandum, present analysis to credit committee, and publish press release. Obtain a solid understanding of Morningstar DBRS' methodologies, models, criteria and other analytical tools to assess the credit worthiness of various transaction types within the rated RMBS book, which are bonds backed by agency or non-agency collateral, such as, prime jumbo, non-qualified mortgages , reperforming, nonperforming, home equity investment etc. Qualifications Bachelor’s degree in finance, math, engineering, or any other related field. Minimum of 7 years of experience in residential mortgage related field, e.g. banking/lender, private equity, servicing, valuation services. Additional experience in capital markets, structured finance, securitizations, or NRSRO are preferred. Solid understanding of residential mortgages for various agency and non-agency mortgage types, such as, prime jumbo, Non-QM, RPL, NPL, HEI, HELOC, RTL, CRT, RM, and SFR. Thorough understanding of credit and legal aspects of structured finance in the residential mortgage product area. Strong quantitative and analytical skills, with a high attention to detail. Strong organizational, multi-tasking, and time-management skills. Excellent written and verbal communication/presentation skills with a proven ability to present complex analyses in a clear and concise manner 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 plansand coverages Additional medical Wellness Incentives - up to $300-$600 annual Company-provided long- and short-term disabilityinsurance
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 & Formal MentorshipOpportunities 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 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 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 Similar Jobs (3)
Assistant Vice President, Private Credit Ratings locations 2 Locations time type Full time posted on Posted 30+ Days Ago Vice President, Global Insurance & Pension Ratings locations New York time type Full time posted on Posted 21 Days Ago US Regional Compliance Officer - Credit Ratings locations 2 Locations time type Full time posted on Posted 27 Days Ago When you find a position you're interested in, click the 'Apply' button. Please fill out this form completely, attaching your resume and cover letter in the approved format. Read the job requirements carefully and make sure to attach writing or design samples as required. Applicants must submit their resume and other information through our corporate website to be considered for a job at Morningstar. No phone calls, please. Step 2 You will receive an email notification to confirm that we've received your application. Step 3 If you are called in for an interview, a representative from Morningstar will contact you to set up a date, time, and location. Be prepared for a rigorous interview process. To make sure you're a good fit for Morningstar and we're a good fit for you, we'll schedule time for you to meet with multiple staff members at all levels of the company. Expect to return for multiple interviews as part of the process. A representative from Morningstar will contact you with the results of your interview—either with a job offer or to let you know our plans for the position. Applicants With Disabilities Who Need Accommodation Morningstar is committed to working with and providing reasonable accommodation to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please call +1 312 384-3900 or email AskHR@morningstar.com and let us know the nature of your request and your contact information. Please note: We only accept calls from applicants who need accommodation related to a disability. Please, no calls with unrelated questions or requests. Please be sure to include the title and location of the open position you’re interested in when you leave a message. US Applicants: Morningstar is an E-Verify program participant. 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.
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About the Role Morningstar DBRS is hiring an experienced mortgage finance and credit analyst to contribute to its Residential Mortgage-Backed Securities (RMBS) surveillance team. In this role you will be the lead analyst for Morningstar DBRS rated transactions. You will be responsible for the management of assigned portfolio of credits to surveil , using your advanced understanding of the US mortgage sector. Job Responsibilities The selected analyst will report to the Head of U.S. RMBS Surveillance and be part of the RMBS Surveillance group. Manage the periodic surveillance of DBRS Morningstar’s rated book, identifying bond-level events that necessitate rating actions in accordance with our policies and procedures. Monitor movement at the loan and transaction level to identify transactions that merit further analysis. Complete surveillance reviews of Morningstar DBRS-rated RMBS transactions. This work will involve analyzing underlying collateral and bond-level reporting provided by the transaction parties. Prepare committee memorandum, present analysis to credit committee, and publish press release. Obtain a solid understanding of Morningstar DBRS' methodologies, models, criteria and other analytical tools to assess the credit worthiness of various transaction types within the rated RMBS book, which are bonds backed by agency or non-agency collateral, such as, prime jumbo, non-qualified mortgages , reperforming, nonperforming, home equity investment etc. Qualifications Bachelor’s degree in finance, math, engineering, or any other related field. Minimum of 7 years of experience in residential mortgage related field, e.g. banking/lender, private equity, servicing, valuation services. Additional experience in capital markets, structured finance, securitizations, or NRSRO are preferred. Solid understanding of residential mortgages for various agency and non-agency mortgage types, such as, prime jumbo, Non-QM, RPL, NPL, HEI, HELOC, RTL, CRT, RM, and SFR. Thorough understanding of credit and legal aspects of structured finance in the residential mortgage product area. Strong quantitative and analytical skills, with a high attention to detail. Strong organizational, multi-tasking, and time-management skills. Excellent written and verbal communication/presentation skills with a proven ability to present complex analyses in a clear and concise manner 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 plansand coverages Additional medical Wellness Incentives - up to $300-$600 annual Company-provided long- and short-term disabilityinsurance
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 & Formal MentorshipOpportunities 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 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 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 Similar Jobs (3)
Assistant Vice President, Private Credit Ratings locations 2 Locations time type Full time posted on Posted 30+ Days Ago Vice President, Global Insurance & Pension Ratings locations New York time type Full time posted on Posted 21 Days Ago US Regional Compliance Officer - Credit Ratings locations 2 Locations time type Full time posted on Posted 27 Days Ago When you find a position you're interested in, click the 'Apply' button. Please fill out this form completely, attaching your resume and cover letter in the approved format. Read the job requirements carefully and make sure to attach writing or design samples as required. Applicants must submit their resume and other information through our corporate website to be considered for a job at Morningstar. No phone calls, please. Step 2 You will receive an email notification to confirm that we've received your application. Step 3 If you are called in for an interview, a representative from Morningstar will contact you to set up a date, time, and location. Be prepared for a rigorous interview process. To make sure you're a good fit for Morningstar and we're a good fit for you, we'll schedule time for you to meet with multiple staff members at all levels of the company. Expect to return for multiple interviews as part of the process. A representative from Morningstar will contact you with the results of your interview—either with a job offer or to let you know our plans for the position. Applicants With Disabilities Who Need Accommodation Morningstar is committed to working with and providing reasonable accommodation to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please call +1 312 384-3900 or email AskHR@morningstar.com and let us know the nature of your request and your contact information. Please note: We only accept calls from applicants who need accommodation related to a disability. Please, no calls with unrelated questions or requests. Please be sure to include the title and location of the open position you’re interested in when you leave a message. US Applicants: Morningstar is an E-Verify program participant. 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.
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