Lead Quant Analyst

Job Title: Lead Quant Analyst Credit Quants

About the Team: DBRS Morningstar Credit Ratings LLC is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO). DBRS Morningstar Credit Ratings issues credit ratings on a variety of security types including corporate and structured finance securities. This Morningstar subsidiary aims to increase market transparency by providing the highestquality ratings securities research monitoring services operational risk assessments data and tools.

DBRS Morningstar is a global credit ratings business formed through the July 2019 acquisition of DBRS by Morningstar Inc. the ratings business is the fourthlargest provider of credit ratings in the world. DBRS Morningstar is committed to empowering investor success serving the market through leadingedge technology and raising the bar for the industry. DBRS Morningstar is a market leader in Canada the U.S. and Europe in multiple asset classes. DBRS Morningstar is driven to bringing more clarity diversity of opinion and responsiveness to the ratings process. DBRS Morningstars approach and size provide the agility to respond to customers needs while being large enough to provide the necessary expertise and resources.

The Role: As a Quant Analyst you will execute proprietary research pertaining to building data building various types of credit rating models such as default models cashflow models capital models regression models covering asset classes of ABS CMBS Covered Bond RMBS Structured Credit Corporates Financial Institutions and Sovereigns. The Credit Ratings Modeling team will collaborate with members from the Credit Ratings Credit Practices Independent Review Data and Technology teams to create class leading models that are as innovative as they are easy to understand in the marketplace.

You will be expected to adopt an iron sharpens iron attitude where the focus is on making everyone better. The ideal candidate will demonstrate Quant research skills in Credit Modeling alongside Quant Modeling skills such as statistics Machine Learning numerical optimization & software engineering skillset within Fintech eco space. This position reports to the Senior Manager of Quantitative Research Technology.

Responsibilities:

• Support methodology development Quant Model builds & enhancements for core Quant products as credit predictive models etc.
• Participate in building next generation of credit modelling.
• Maintain and enhance proprietary Python libraries related to model building
• Leverage structured and unstructured datasets to build new Quant frameworks that would help analysts in informed decision making.
• Assisting development of Analyticsbased solutions taking ownership of the design and development of solutions to scale information ingestion storage computation (training/inference) validation.
• Participate in analyst conversations for understanding ongoing analyst issues.

Requirements:

• 4 to 5 years of investment research / rating agencies experience with emphasis on fixed income research / analysis credit modelling.
• CFA CQF or postgraduate degree in finance economics mathematics statistics is highly desired.
• Experience developing Financial Engineering/ Statistical applications on cloud.
• Experience of statistical models (Regression Monte Carlo simulations Numerical Optimization etc.)
• Experience of developing Quant Models using Python.
• Experience engineering models on big data.
• Understanding of both business and technical requirements and the ability to serve as a conduit between rating team research and technology
• Familiarity fixed income.

Morningstar is an equal opportunity employer

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 4000 issuers and 60000 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 muchneeded 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 techforward approach and exceptional customer service.

Morningstar DBRS is the next generation of credit ratings.

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.

Morningstars hybrid work environment gives you the opportunity to work remotely and collaborate inperson each week. While some positions are available as fully remote weve found that were at our best when were purposely together on a regular basis typically three days 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.