Senior Analyst, Credit Ratings
Morningstar, Inc. - New York City, NY
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About the RoleSenior Analyst to support analytics and research functions for the U.S. Structured Credit (US SC) ratings business.US SC assigns ratings, monitors ratings, develops research and maintains rating methodologies for US collateralized loan obligations (CLOs), investment funds, and bespoke structured credit transactions.Job ResponsibilitiesAssist in the review, maintenance, and enhancement of existing rating methodologies and development of new rating methodologiesSupport full maintenance and development cycle for Python-based rating models (debug, peer review, testing, deployment, version control, API endpoints)Collaborate with independent review function to ensure the development process follows internal guidelines and policies & proceduresMaintain library of documentation for all US SC rating modelsSupport quantitative foundation for methodologies and research (data collection & standardization, analytics & visualization, documentation)Assist in research to generate topics and collaborate with senior US SC analysts to provide market insightsMaintain relationship with internal publishing coordinator to produce and disseminate research contentMonitor industry research & commentary and provide summaries for the US SC teamPower user in both excel and web-based workflows for all US SC rating models. Articulate assumptions and applications & provide walk-throughs for internal and external users.Train analysts (including non-US SC rating teams) on structured credit transaction analytics and rating methodologiesAssist with transaction analytics for new issue and surveillance ratingsSupport ratings administration including rating committee memos, record retention and regulatory workflowsQualificationsBachelor's degree in a subject such as finance, physics, mathematics, engineering, economics or similar quantitative disciplineKnowledge of the Python programming languageBasic understanding of structured finance transactionsAdvanced knowledge and practical skills in using Microsoft Excel, Word, PowerPoint and OutlookExcellent written and oral communication skillsDemonstrate analytical abilities with a high attention to detailWillingness and ability to learn new analytical approaches proactivelySelf-starter with ability to prioritize and complete critical work quickly, independently and with a sense of urgencyTeam player with strong interpersonal skillsNice to HaveFamiliarity with CLOs and private creditProficiency with the Python data science stack (Jupyter, numpy, pandas, plotly)Structured finance cashflow analysisWork experience within a regulated industryAbout UsMorningstar 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 pensation and BenefitsAt 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 Health75% 401k match up to 7%Stock Ownership PotentialCompany provided life insurance - 1x salary + commissionPhysical Health Comprehensive health benefits (medicaldentalvision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coveragesAdditional medical Wellness Incentives - up to $300-$600 annualCompany-provided long- and short-term disability insuranceEmotional Health Trust-Based Time Off6-week Paid Sabbatical Program6-Week Paid Family Caregiving LeaveCompetitive 8-24 Week Paid Parental Bonding LeaveAdoption AssistanceLeadership Coaching & Formal Mentorship OpportunitiesAnnual Education StipendTuition ReimbursementSocial Health Charitable Matching Gifts programDollars for Doers volunteer programPaid volunteering days15+ Employee Resource & Affinity GroupsBase Salary Compensation Range$90,000.00 - $120,000.00Bonus Target %15If 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
Created: 2025-01-14