Assistant Vice President, European RMBS & Covered Bond Ratings (SecuritizationStructured Finance Analyst)
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Job Location:
Monthly Salary:
Posted on:
16 hours ago
Vacancies:
1 Vacancy
Job Summary
Morningstar DBRS European Structured Finance team is seeking an Assistant Vice President (AVP) to join us in either Frankfurt or Madrid.
In this role youll work side-by-side with the lead analyst to help shape and assign ratings for European RMBS transactions.
Were looking for someone who thrives in a collaborative team-focused environment. Someone with a strong work ethic sharp analytical instincts and an exceptional eye for detail.
Youll bring strong communication and presentation skills enabling you to build relationships across all levels of the organisation and with external partners.
This position is a great opportunity to deepen your expertise in European Structured Finance while gaining meaningful client-facing experience.
Key Responsibilities
The AVP will join the European RMBS and Covered Bonds team and will be responsible for the following:
- Act as lead and backup analyst in the assignment of DBRS ratings to European RMBS transactions and occasionally transactions in other European structured finance asset classes (such as ABS CLOs NPL or Lease Securitizations)
- Conduct credit analysis utilizing DBRS rating methodologies and analytical tools
- Conduct period review of rating methodologies and lead improvement to rating methodologies and processes
- Support senior analysts and team lead in administrative work filing and record retention requirements
- Study recent performance trends for transactions; the metrics to be evaluated include among others: credit enhancement delinquencies cumulative defaults recoveries prepayments seasoning excess spread and changes in collateral characteristics
- Draft analytical documents such as rating reports press releases and research
- Collaboration with the DBRS European Structured Finance Surveillance Team and other teams/analysts supporting analysts in maintenance of existing ratings
- Assess transaction amendments/restructurings
- Draft new rating committee memos summarizing the analysis and recommending a rating action
- Comply with all applicable policies and procedures
Requirements
- Bachelors degree (or equivalent) in finance mathematics financial engineering economics accounting or related quantitative discipline
- Minimum 3 preferably 5-6 years experience in structured finance asset classes such as ABS RMBS and SME-CLO transactions gained in a rating agency research buy side or sell side environment
- Strong quantitative background with interest in developing skills including cash flow analysis
- Proficiency in Microsoft Excel; advanced skills in Word PowerPoint and Outlook
- Excellent written and verbal English communication skills
- Demonstrated analytical abilities with a high attention to detail and commitment to the highest standards
- Ability to learn new analytical approaches proactively think creatively and collaborate effectively in a team environment
- Curiosity to develop new applications and to perform complex analyses
- Permission to live and work in the European Union; willingness to travel occasionally within Europe
Nice to have
- Masters degree CFA or accounting designation (completed or in progress) with experience in securitization
- Knowledge of analytical programming languages (e.g. VBA Python)
- Proficiency in additional European language(s)
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.
Required Experience:
Exec
Key Skills
- Forecasting
- Financial Services
- GAAP
- Accounting
- IFRS
- Regulatory Reporting
- Financial Analysis
- Financial Modeling
- Budgeting
- Financial Report Interpretation
- Financial Management
- Financial Planning
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.
