Assistant Vice President, Operational Risk Assessments – Commercial Mortgage Servicing Rankings

Morningstar • Chicago, IL

20d • Hybrid

About The Position

Morningstar DBRS is looking for a full time Assistant Vice President to join the operational risk assessment team in our commercial real estate ratings and CMBS group. Responsibilities: Taking primary analytical responsibility for assigned client companies and managing their entire assessment and servicer ranking process. Analyzing servicers’ information/data submissions, scheduling and preparing for client meetings, and leading the ranking review meetings as well as handling any follow-up requests and communications. Applying Morningstar DBRS’ commercial mortgage servicer ranking methodology and criteria to prepare well-written, comprehensive assessment reports and present the ranking recommendations for committee approval. Work with our editorial team to publish the ranking reports and lead-in press releases. Maintain surveillance on assigned client companies and their rankings through interim data submissions, interactions with Morningstar DBRS’ CMBS ratings group, ad hoc communications with the client companies, and other publicly available sources. Requirements: College or graduate-level degree Five or more years experience in one or more of the following areas: mortgage loan servicing, mortgage loan special servicing, or asset administration/portfolio management CMBS-related servicing or special servicing experience is a plus Strong organizational, writing, and communication/interpersonal skills Ability to lead meetings and interact professionally with senior-level personnel Able to travel frequently; typically for two days at a time Proficiency in Microsoft Office applications (Outlook, Excel, Word) 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 100% 401k match up to 6% of salary 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 Leave Adoption Assistance Leadership Coaching & Formal Mentorship Opportunities Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses Tuition Reimbursement Social Health Charitable Matching Gifts program Dollars for Doers volunteer program Paid volunteering days 15+ Employee Resource & Affinity Groups Total Cash Compensation Range $105,050.00 - 170,975.00 USD Annual Inclusive of annual base salary and target incentive 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 collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office 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 How to Apply for a Job at Morningstar Step 1 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 [phone] or email [email protected] 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. Learn more: This Organization Participates in E-Verify (English) This Organization Participates in E-Verify (Spanish) Right to Work (English) Right to Work (Spanish) EEO is the Law Pay Transparency Notice 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.

Requirements

• College or graduate-level degree
• Five or more years experience in one or more of the following areas: mortgage loan servicing, mortgage loan special servicing, or asset administration/portfolio management
• CMBS-related servicing or special servicing experience is a plus
• Strong organizational, writing, and communication/interpersonal skills
• Ability to lead meetings and interact professionally with senior-level personnel
• Able to travel frequently; typically for two days at a time
• Proficiency in Microsoft Office applications (Outlook, Excel, Word)

Nice To Haves

• CMBS-related servicing or special servicing experience is a plus

Responsibilities

• Taking primary analytical responsibility for assigned client companies and managing their entire assessment and servicer ranking process.
• Analyzing servicers’ information/data submissions, scheduling and preparing for client meetings, and leading the ranking review meetings as well as handling any follow-up requests and communications.
• Applying Morningstar DBRS’ commercial mortgage servicer ranking methodology and criteria to prepare well-written, comprehensive assessment reports and present the ranking recommendations for committee approval.
• Work with our editorial team to publish the ranking reports and lead-in press releases.
• Maintain surveillance on assigned client companies and their rankings through interim data submissions, interactions with Morningstar DBRS’ CMBS ratings group, ad hoc communications with the client companies, and other publicly available sources.

Benefits

• Financial Health 100% 401k match up to 6% of salary 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 Leave Adoption Assistance Leadership Coaching & Formal Mentorship Opportunities Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses Tuition Reimbursement
• Social Health 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
• Number of Employees: 5,001-10,000 employees