Assistant Vice President, RMBS and Covered Bonds (Structured Finance and Securitisation Analyst, Residential Mortgage-Backed Securities)

Morningstar DBRS European Structured Finance team is looking for a securitisation analyst at Assistant Vice President (AVP) level to be based in London. The successful candidate will act as lead analyst in assigning ratings for European RMBS and Covered Bond transactions.

Candidates should be willing to work in an environment with strong focus on teamwork have a strong worth ethic an analytical mind set and attention to detail. The successful candidate will possess the interpersonal and presentation skills necessary to work with all levels of professional and executive staff as well as external contacts.

The role offers an opportunity to further develop European Structured Finance and Covered Bond experience in a client facing environment.

Job Responsibilities

The AVP will join the European RMBS and Covered Bond team and will be responsible for the following:

• Act as lead and backup analysts in the assignment of DBRS ratings to UK & European RMBS / Covered Bond transactions and occasionally transactions in other European structured finance asset classes (such as ABS CLOs NPL or Lease Securitisations);
• Conduct credit analysis utilising 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 summarising the analysis and recommending a rating action;
• Comply with all applicable policies and procedures.

Qualifications

• Minimum 5 years experience on any structured finance asset class such as ABS RMBS and SME-CLO transactions working in rating agency research buy side or sell side;
• Completed a bachelor (or equivalent) degree in a subject such as finance mathematics financial engineering economics accounting or similar quantitative discipline;
• Quantitative background and interest to develop quantitative skills including cash flow analysis;
• Proficiency in Microsoft Excel. Advanced knowledge and practical skills in using Word PowerPoint and Outlook;
• Excellent written and oral English language skills;
• Demonstrated analytical abilities with a high attention to detail and producing high quality work;
• Willingness and ability to learn new analytical approaches proactively to think creatively and to work well within a team;
• Curiosity to develop new applications and to perform complex analyses and ability to learn new analytical approaches proactively;
• Ability and willingness to learn new analytical approaches proactively to think creatively and to work well within a team;
• Permission to live and work in UK. This position may require occasional European travel.

Nice to have

• Knowledge of analytical programming languages (VBA Python etc.) is a plus;
• Knowledge of another European language/s is a plus;
• Masters degree CFA or accounting designation (enrollment or completion) are a plus.

Base Salary Compensation Range

GBP 67500.00-98500.00

Bonus Target:

20% Annual

Base Salary Compensation Range

Bonus Target:

We 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.