Senior Analyst, Credit Ratings (Structured Finance & Securitisation RMBS, ABS, SME-CLO)
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Job Summary
About the role:
Morningstar DBRS European Structured Finance team is looking for a Securitisation Analyst at the Senior Analyst level to be based in our London office.
Were looking for candidates with a strong work ethic an analytical mindset and excellent attention to detail. The ideal candidate will also demonstrate the interpersonal and presentation skills needed to collaborate effectively with colleagues at all levels including senior leadership as well as with external stakeholders.
Job responsibilities:
- Serve as a lead or rating analyst in the maintenance of Morningstar DBRS ratings of European transactions across different asset classes mainly RMBS ABS and/or SME-CLOs;
- Review of legal documents related to European Structured Finance transactions (transaction prospectus hedging documents due diligence reports etc.);
- Conduct portfolio credit analysis utilising Morningstar DBRS rating methodologies and analytical tools;
- Analysis of 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;
- Review and approve publication on of performance analytics reports;
- Collaboration with other European Structured Finance teams/analysts supporting analysts in assignment of new ratings to transactions of different asset classes;
- Working with arrangers and issuers on transaction amendments/restructurings and when supporting primary analysts;
- Drafting surveillance committee memos summarising the analysis and recommending a rating action;
- Writing & publishing press releases commentaries and market research;
- Develop and maintain analytical tools and reports for internal and external use;
- Conduct market research and financial analysis for rating committees investor meetings and conferences;
- Represent Morningstar DBRS in meetings with market participants and at industry events.
Qualifications:
- Completed a bachelor (or equivalent) degree in a subject such as finance mathematics financial engineering economics accounting or similar quantitative discipline.
- Minimum 2 years of experience in the financial services industry.
- Knowledge of ABS and RMBS transactions.
- Experience in reviewing legal documents and conducting cash-flow analysis for structured finance transactions.
- Proficiency in Microsoft Excel. Advanced knowledge and practical skills using rest of Microsoft Office programs.
- Excellent English communication skills both written and spoken.
- Demonstrated analytical abilities with a high attention to detail and producing high quality work.
- Ability to meet tight deadlines and manage her/his own workload independently.
- Willingness and ability to learn new analytical approaches proactively to think creatively and to work well within a team.
- Permission to live and work in the UK. This position may require occasional European travel.
Additional preferred skills:
- CFA accounting designation and/or a Masters in a related field are a plus.
- Knowledge of analytical programming languages (VBA Python etc.) is a plus.
- Knowledge of another European Language/s is a plus.
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 much-needed 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 tech-forward 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 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 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:
Senior IC
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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.
