Vice President, Structured Finance – Consumer ABS
About The Position
Morningstar DBRS is seeking a Vice President to join our U.S. Asset-Backed Securities team in New York. This role will lead the analysis of new consumer ABS transactions and contribute to the independent credit opinions that help investors and market participants assess risk across the securitization market. You'll evaluate collateral performance, transaction structures, legal frameworks, and consumer credit trends across a range of consumer asset classes, including auto loans and leases, credit cards, consumer loans, personal lines of credit, student loans, residential solar, and other specialty consumer finance sectors. As a lead analyst, you'll present recommendations to rating committees, engage directly with issuers, bankers, investors, and legal counsel, and help shape Morningstar DBRS's views on evolving credit risks.. This role offers the opportunity to combine deep transaction analysis with broader views on consumer credit performance, contributing to independent credit opinions across a diverse range of asset classes, structures, and market cycles.
Requirements
- 7+ years of experience in structured finance, consumer ABS, securitization, credit investing, transaction structuring, ratings, surveillance, or consumer credit risk.
- Direct experience analyzing, structuring, investing in, monitoring, or rating consumer ABS transactions.
- Strong understanding of collateral performance, transaction structures, credit enhancement mechanisms, legal frameworks, and cash flow analysis.
- Ability to form and defend independent credit opinions supported by quantitative and qualitative analysis.
- Experience evaluating consumer credit trends, underwriting practices, servicing performance, and macroeconomic developments.
- Strong analytical, communication, and presentation skills, including experience presenting conclusions to senior stakeholders, investment committees, rating committees, or other decision-making forums.
- Proven ability to manage multiple transactions and priorities while maintaining high analytical standards and attention to detail.
- Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, Computer Science, or a related field.
Nice To Haves
- Experience with consumer asset classes such as auto loans and leases, credit cards, unsecured consumer loans, point-of-sale finance, marketplace lending, student loans, or specialty consumer finance.
- Experience with structured finance cash flow models, Intex, or related analytical tools.
- CFA, FRM, or advanced degree in a quantitative discipline.
Responsibilities
- Lead the analysis and rating of new consumer ABS transactions, including collateral assessment, structural analysis, operational reviews, legal analysis, and cash flow evaluation.
- Serve as lead analyst on assigned transactions, presenting recommendations to rating committees and defending analytical conclusions.
- Assess collateral performance, underwriting practices, servicing capabilities, and macroeconomic trends to develop forward-looking credit views.
- Analyze transaction structures and credit enhancement mechanisms to evaluate performance under a range of stress scenarios.
- Engage directly with issuers, bankers, investors, servicers, and legal counsel throughout the rating process.
- Partner with quantitative, legal, criteria, and surveillance teams to support high-quality rating decisions and published research.
- Author presale reports, rating reports, research publications, and market commentary covering developments across consumer ABS sectors.
- Represent Morningstar DBRS in issuer meetings, investor discussions, industry events, and other external forums.
- Contribute to methodology development, analytical tools, and sector research initiatives.
- Mentor junior analysts and support a culture of analytical rigor, collaboration, and continuous learning.
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
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What This Job Offers
Job Type
Full-time
Career Level
Manager
