Morningstar
Vice President, Credit Ratings RMBS Surveillance
Morningstar, New York, New York, United States, 10001
Analyst Position
The analyst selected will become an expert in surveilling Single Family Rental and Reverse Mortgage securitizations. 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. Additionally, the selected analyst will instruct other team members and will be responsible for record retention and post-committee processing. Job Responsibilities include all manner of qualitative and quantitative techniques to get the rating right. Qualifications: Completion of a bachelor's degree in finance, math, engineering, or any other related field. 3+ years of experience in analysis of RMBS securitizations including quantitative experience with either Single Family Rentals or Reverse Mortgages. 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. Excellent written and verbal communication and interpersonal skills. Nice to have: Advanced degree Programming experience beyond classroom Ability to maintain focus for long periods of time Ability to appreciate the responsibility of accuracy 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 & Formal 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 $95,000.00 - 154,000.00 USD Annual Bonus Target % 19.7 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.
The analyst selected will become an expert in surveilling Single Family Rental and Reverse Mortgage securitizations. 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. Additionally, the selected analyst will instruct other team members and will be responsible for record retention and post-committee processing. Job Responsibilities include all manner of qualitative and quantitative techniques to get the rating right. Qualifications: Completion of a bachelor's degree in finance, math, engineering, or any other related field. 3+ years of experience in analysis of RMBS securitizations including quantitative experience with either Single Family Rentals or Reverse Mortgages. 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. Excellent written and verbal communication and interpersonal skills. Nice to have: Advanced degree Programming experience beyond classroom Ability to maintain focus for long periods of time Ability to appreciate the responsibility of accuracy 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 & Formal 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 $95,000.00 - 154,000.00 USD Annual Bonus Target % 19.7 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.