Assistant Vice President, Asset Backed Securities - Commercial, Esoteric & New Assets

Morningstar • New York, NY

5d • Hybrid

About The Position

The Morningstar DBRS U.S. ABS team is seeking a ratings analyst with strong quantitative and analytical skills at the Assistant Vice President level to support the Commercial ABS platform. The role is based in New York, New York as part of the Global Structured Finance team. The successful candidate will primarily, under the direction of lead analysts and sector leadership, conduct analytical activities required to assign and monitor ratings for U.S. ABS transactions backed by equipment loans & leases, data centers, franchise/whole business securitizations and other emerging asset classes. Responsibilities include collateral and obligor assessment, performance data analysis, cash flow and structural analysis, operational and counterparty risk assessment, and legal document review. The role offers exposure to highly structured transactions and evolving asset types in a collaborative, client‑facing environment. The candidate should demonstrate strong work ethic, analytical rigor, attention to detail, and the interpersonal skills necessary to work effectively with internal stakeholders and external market participants. This role provides meaningful opportunities to build expertise in commercial and esoteric ABS and develop greater transaction leadership responsibility.

Requirements

• Bachelor’s degree in finance, mathematics, economics, computer science, engineering, or a related field
• 4–7 years of experience in structured finance, credit analysis, or securitization
• Exposure to commercial, esoteric assets, or developing asset classes preferred.
• Proficiency in Microsoft Excel and Microsoft Office applications
• Solid understanding of credit analysis, structured finance concepts, and transaction mechanics
• Strong quantitative and analytical skills with close attention to detail
• Effective written, verbal, and interpersonal communication skills
• Self‑motivated, organized, and able to manage multiple priorities in a fast‑paced environment

Nice To Haves

• Master’s degree in finance, mathematics, economics, computer science, engineering, or a related field
• Familiarity with cash flow modeling

Responsibilities

• Support senior analysts as part of deal teams on Commercial ABS transactions focused on digital infrastructure and new asset classes
• Analyze historical performance data, collateral characteristics, obligor and counterparty risk, and transaction structures
• Assist in preparing analytical materials and transaction summaries for internal discussions and rating committee review
• Work with the cash flow modeling team to analyze transaction structures and stress scenarios for rating analysis
• Review transaction legal documentation and identify key structural, operational, and legal considerations
• Participate in discussions with issuers, bankers, and other transaction participants regarding data requests and analytical considerations
• Assist in the preparation of rating committee materials, credit memoranda, and analytical presentations
• Support the drafting of disclosure documents including pre‑sale reports, rating reports, press releases, and regulatory disclosures
• Work with the ABS Surveillance team to monitor performance of outstanding transactions and support ongoing rating maintenance
• Coordinate with internal teams (modeling, legal, research) to support credit rating analysis and research initiatives
• Adhere to internal procedures, analytical standards, and regulatory compliance requirements

Benefits

• 100% 401k match up to 6% of salary
• Stock Ownership Potential
• Company provided life insurance - 1x salary + commission
• 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
• Trust-Based Time Off
• 6-week Paid Sabbatical Program
• 6-Week Paid Family Caregiving Leave
• Competitive 8-24 Week Paid Parental Leave
• Adoption Assistance
• Leadership Coaching & Formal Mentorship Opportunities
• Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
• Tuition Reimbursement
• Charitable Matching Gifts program
• Dollars for Doers volunteer program
• Paid volunteering days
• 15+ Employee Resource & Affinity Groups

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level