Analyst, US Structured Credit Ratings - CLOs

About the Role

U.S. Structured Credit (US SC) is a credit rating team that assigns and monitors public and private credit ratings, develops research and maintains credit rating methodologies for collateralized loan obligations (CLOs), investment fund debt, and other corporate securitizations and bespoke credit rating opportunities.  

The new Analyst will support the credit ratings transaction analytics and surveillance of outstanding credit ratings on the U.S. Structured Credit team. This position is an entry-level role designed to develop foundational experience in structured credit risk and securitization. The Analyst will develop essential skills in transaction structuring, financial modeling, risk assessment, and private credit and equity market, while ensuring compliance with internal policies and regulations.

This is a unique opportunity to be part of a very dynamic, collaborative team that works in a fast-paced environment. We offer an abundance of opportunities, a lot of support and mentoring to help our analysts develop highly desirable and competitive skills in the private equity space.

Job Responsibilities

• Assist with transaction analytics for new issue and surveillance ratings for CLOs, funds, subscription loans, collateralized fund obligations, and other credit ratings. Specifically:
  • Assist with portfolio analysis by applying Morningstar DBRS (MDBRS) developed predictive models.
  • Assist with asset-liability cash flow analysis by applying MDBRS developed cash flow engines.
  • Assist with data analysis by applying MDBRS rating methodologies and analytical tools.
• Support lead analysts in reviewing legal documentation and term structures by interpreting transaction terms for modeling input
• Provide timely client feedback, participate in client discussions
• Assist surveillance analysts monitoring ratings and transaction performance
• Support production of discussion and rating committee material
• Assist with the publishing workflow, including regulatory disclosures.
• Become a power 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.
• Participate in market research on structured credit, financial and economic news and assist with research publications

Qualifications

• Completed a bachelor’s degree or higher in a related discipline such as finance, economics, physics, mathematics, computer science, engineering, or similar quantitative discipline.  
• 0-2 years of professional work experience. All internships will be taken into consideration.
• Excellent written and oral communication skills.
• Quantitative background and interest in developing quantitative skills including cash flow analysis.
• Advanced knowledge and practical skills in using Microsoft Excel, Word, PowerPoint and Outlook.
• Demonstrate 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.
• Ability to work in a fast-paced environment with multiple deadlines and competing priorities.
• Self-starter with ability to prioritize and complete critical work quickly, independently and with a   sense of urgency.
• Must be team player with strong interpersonal skills.

Nice to Have

• Financial industry experience.
• Structured finance experience. Experience with CLOs is a plus.
• Knowledge of analytical programming languages (Python, etc.) is a plus.
• Interest in completing or working towards completion of the CFA program.

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