Senior Credit Analyst, RMBS

Morningstar•New York, NY

1d•Hybrid

About The Position

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. Their approach and size allow them 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 them because of their agility, tech-forward approach, and exceptional customer service. Morningstar DBRS is the next generation of credit ratings. The Senior Credit Analyst will act as a lead analyst on structured finance transactions with minimal supervision, and present analysis to rating committee. Coverage includes fix-and-flip loans, non-QM, prime jumbo QM, GSE-CRT, MILN, HELOC and other residential mortgage loans.

Requirements

3- or 4-year bachelor’s degree in Finance, Accounting, Commerce, Math, Economics, Computer Science, Engineering, or any other related field.
5 years of experience in structured finance in the Credit Analyst or relevant role.
Experience with assigning ratings to RMBS transactions backed by fix-and-flip loans, non-QM, prime jumbo QM, GSE-CRT, MILN, HELOC and other residential mortgage loans.
Experience with structured products market and technical expertise in using fixed income analytical systems such as Intex (Dealmaker, Calc) and Bloomberg.
Experience with credit and legal aspects of structured finance transactions in the residential mortgage product area.
Experience performing transaction analysis including analysis of collateral, deal structure, and legal issues.
Experience in Microsoft Excel and Microsoft Office programs.
Experience with quantitative and analytical skills.
Experience with VBA, Python, or other basic programming language.
Experience producing and publishing industry commentaries and newsletters.
Must possess unrestricted right to work in the U.S. in this position.

Responsibilities

Act as a lead analyst on structured finance transactions with minimal supervision, and present analysis to rating committee.
Coverage includes fix-and-flip loans, non-QM, prime jumbo QM, GSE-CRT, MILN, HELOC and other residential mortgage loans.
Test cash flows to confirm accuracy and robustness of cash flow models.
Conduct scenario/sensitivity analysis and communicate analysis to senior staff and colleagues.
Perform transaction analysis including analysis of collateral, deal structures and legal issues.
Focus on key credit issues during the new issue rating process including industry regulations, disclosure practices and compliance requirements in the RMBS sector.
Coordinate with technology team to build and improve processes.
Participate in criteria development and enhancement of structured finance models.
Produce and publish industry commentaries and newsletters.
Participate in external meetings with bankers, investors, and originators.
Analysis of representation and warranties provided on the loans in the transaction, underwriting guidelines of originators to analyze the implications to the credit quality of the transaction collateral.
Build and maintain relationships with bankers, investors and originators.
Represent organization in industry conferences and panel discussions.

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