Morningstar DBRS is seeking an Analyst for our ABS - Surveillance team in the New York office. We are looking for problem solvers, analytical thinkers, and solution initiators to focus on extant asset-backed securities (ABS) transactions. This role will provide unique opportunities to learn and be exposed to more than 40 segments of the ABS market as well as gaining expertise in computational and automation based processes. You will be part of a team responsible for maintaining the ratings and taking rating actions on ABS securitized assets such as auto loans, equipment leases, aircraft leases, marine containers, and many others.
Job Responsibilities
Analyze credit risk in ABS by conducting collateral analysis, building transaction models, and reviewing related documentation. Learn and develop a strong understanding of structured finance principles and ABS market fundamentals. Participate in credit training, with the goal of assuming a portfolio of transactions to monitor after training completion. Contribute to credit rating committees and assist in preparing committee materials and presentations. Conduct topical and sector-specific research to support industry insights. Collaborate with team members to learn department tools, processes, and automation techniques. Assist in developing and maintaining databases to track collateral performance and transaction data. Design and implement queries to verify and analyze large datasets. Identify and recommend enhancements to improve existing automation tools and processes. Collaborate with colleagues across analytics, research, and technology teams to enhance rating methodologies and workflows. Support responses to investor, issuer, or regulatory inquiries under senior supervision (if applicable).
Qualifications
Bachelor's degree in finance, mathematics, engineering, economics, or a similar quantitative discipline. Excellent quantitative, analytical, and writing skills. Strong communication and interpersonal abilities. Intellectual curiosity and the ability to translate ideas into practical tools that improve departmental efficiency. Proficiency in at least one programming language such as Python, R, or SQL (beyond basic VBA knowledge). Ability to manage multiple tasks and projects effectively in a fast-paced environment. Strong attention to detail and the ability to deliver high-quality, error-free analysis. Ability to work independently as well as collaboratively within a team setting. Prior experience or internships in structured finance, credit analysis, data analytics, or related fields is a plus. Progress toward professional certifications such as CFA or FRM is a plus but not required.
Compensation and Benefits At Morningstar we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide-range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
- Financial Health
- 75% 401k match up to 7%
- Stock Ownership Potential
- Company provided life insurance - 1x salary + commission
- Physical Health
- Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plansand coverages
- Additional medical Wellness Incentives - up to $300-$600 annual
- Company-provided long- and short-term disabilityinsurance
- Emotional Health
- Trust-Based Time Off
- 6-week Paid Sabbatical Program
- 6-Week Paid Family Caregiving Leave
- Competitive 8-24 Week Paid Parental Bonding Leave
- Adoption Assistance
- Leadership Coaching & Formal MentorshipOpportunities
- Annual Education Stipend
- Tuition Reimbursement
- Social Health
- Charitable Matching Gifts program
- Dollars for Doers volunteer program
- Paid volunteering days
- 15+ Employee Resource & Affinity Groups
Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. While some positions are available as fully remote, we've found that we're at our best when we're 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, you'll have tools and resources to engage meaningfully with your global colleagues.
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