Analyst, Credit Ratings Structured Finance (RMBS, ABS, SME-CLO)
Job Summary
Morningstar DBRSs European Structured Finance team is looking for a Securitisation Analyst at the Analyst level to join their team in Frankfurt.
This is an excellent opportunity for a highly analytical and detail-oriented professional to develop expertise in structured finance within a collaborative and dynamic environment. The successful candidate will possess strong communication and presentation skills and be comfortable engaging with colleagues senior management and external stakeholders.
Job Responsibilities
- Assist surveillance lead analysts on a portfolio of credit ratings of European structured finance transactions RMBS ABS and/or SME-CLOs rated by Morningstar DBRS;
- Review surveillance performance analytics reports generated by the data team in accordance with established policies and procedures;
- Conduct portfolio credit analysis utilising Morningstar DBRS rating methodologies and analytical tools;
- Analyse asset-liability cash flow structures using Morningstar DBRS built in cash flow engines and Intex;
- Study recent performance trends for transactions. The metrics to be evaluated include among others: credit enhancement delinquency cumulative defaults recoveries prepayments seasoning excess spread and changes in collateral characteristics;
- Act as Credit Rating Committee Coordinator within the structured finance surveillance team;
- Collaborate with other European Structured Finance teams/analysts supporting analysts in assignment of new ratings to transactions of different asset classes with a main focus on ABS and RMBS;
- Produce detailed committee memos including transaction analysis and rating recommendations;
- Write and publish press releases and market research;
- Act as a Credit Rating Analyst on a portfolio of surveillance RMBS ABS and/or SME-CLO transactions;
- Develop and maintain analytical tools and reports for internal and external use.
Qualifications
- Bachelors degree (or equivalent) in Finance Mathematics Financial Engineering Economics Accounting or a related quantitative field.
- Basic understanding of structured finance.
- Strong Microsoft Excel skills and proficiency across the Microsoft Office suite.
- Excellent written and verbal English communication skills.
- Strong analytical and problem-solving abilities with close attention to detail.
- Eagerness to learn think creatively and collaborate effectively within a team.
- Eligibility to live and work in the European Union.
Nice to Have / Additional Qualifications
- Masters degree CFA or accounting qualification (completed or in progress).
- Previous work experience or internships within financial services particularly in securitisation structured finance or credit analysis.
- Knowledge of analytical programming languages and/or Tableau.
- Proficiency in an additional European language.
Bonus Target:
10% AnnualWe expect the compensation and target bonus for this role to fall within the stated range. The specific compensation offered will depend on the candidates qualifications experience and other job-related factors.
Morningstars hybrid work environment gives you the opportunity to collaborate in-person each week as weve found that were at our best when were purposely together on a regular 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 youll have tools and resources to engage meaningfully with your global colleagues.
R09DBRSRtgsGmbHGermany DBRS Ratings GmbH - Germany Legal EntityRequired Experience:
IC
About Company
Morningstar is an investment research company offering mutual fund, ETF, and stock analysis, ratings, and data, and portfolio tools. Discover actionable insights today.