Vice President, US Structured Credit Ratings, Funds - New Issue

Morningstar•New York, NY

42d•Hybrid

About The Position

About the Role Morningstar DBRS is seeking a Vice President to join the Funds new issue credit ratings team, which is part of the U.S. Structured Credit (US SC) team. A successful candidate will have relevant experience in fund finance and/or rating agency work. The role requires sector knowledge, strong analytical and quantitative skills, attention to detail, and the ability to thrive in a collaborative, team-oriented environment. US SC is a credit rating analytics team that assigns and monitors credit ratings, develops research and maintains credit rating methodologies for investment fund debt (including feeder fund debt, subscription lines and collateralized fund obligations (CFOs)), collateralized loan obligations (CLOs), other corporate securitizations and bespoke credit rating opportunities.

Requirements

Undergraduate degree in finance, accounting, business, economics or related discipline is required.
7+ years’ relevant experience, with experience in structuring or analyzing feeder funds or CFOs preferred.
Other relevant experience could include: Funds, BDC or CLO credit ratings-related work, Investment banking or legal counsel focusing on funds-related work, Credit risk management function focusing on credit funds, or Other relevant experience as a market participant
Strong interest in credit funds, BDCs, CLOs, private credit and/or private equity encouraged.
Proficiency in Microsoft Office suite, with advanced skills in Excel, such as building complex formulas or models, pivot tables and graphs.
Solid research and analytical skills, with acute attention to detail.
Strong verbal and written communication skills to prepare clear and concise committee materials and reports in proper and professional etiquette.
Willingness and ability to learn new analytical approaches proactively.
Self-starter with ability to prioritize and complete critical work quickly, independently and with a sense of urgency.
Ability to work in a fast-paced environment, multi-tasking to meet multiple deadlines.
Must be a team player with strong interpersonal skills with the ability to motivate team members to produce timely and accurate work product.

Nice To Haves

Rating agency experience for a smoother transition into the nuances and rigors of the rating processes and understanding credit rating methodologies.
Knowledge of analytical programming language (VBA, Python, etc.) is a plus.

Responsibilities

Lead analyst responsible for assigning new credit ratings to various fund financing transactions, including but not limited to, feeder fund debt, secured facilities, unsecured debt, subscription loan facilities, and collateralized fund obligations.
Prepare for and lead management meetings and maintain issuer/client relationships.
Lead external client calls to discuss methodologies and transaction proposals.
Prepare and present detailed discussion and committee memos for US SC credit rating committees.
Author pre-sale and new issue credit rating reports, among other relevant disclosures.
Conduct analysis on the fund manager’s capabilities and track record, the fund investment portfolio, transaction capital structure, and legal documents.
Assess legal, regulatory, counterparty and other risks related to US SC credit ratings.
Prepare and present new transactions to senior members of the Structured Finance team to determine feasibility and methodology application.
Support the expansion of the Funds team by championing projects and initiatives.
Mentor junior analysts.
Write research and participate in webinars, investor meetings and conferences.
Collaborate with other Morningstar DBRS credit teams to support credit rating surveillance, analysis, administration and research.
Adhere to compliance, regulatory and company policies and procedures.

Benefits

Financial Health
75% 401k match up to 7%
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 Bonding Leave
Adoption Assistance
Leadership Coaching & Formal Mentorship Opportunities
Annual Education Stipend
Tuition Reimbursement
Social Health
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups