RMBS Credit Ratings, Senior Analyst

RMBS Credit Ratings, Senior Analyst

Location: New York

Job Description:

U.S. RMBS Credit Ratings, Senior Analyst – New York

The Morningstar DBRS U.S. RMBS team is seeking a Senior Analyst to support the analysis and assignment of credit ratings for U.S. residential mortgage‑backed securities (RMBS) in New York. This role offers the opportunity to deepen your structured finance expertise, work closely with senior analysts, and interact with external market participants in a collaborative and analytical environment.

The ideal candidate brings strong quantitative skills, excellent attention to detail, and experience working with structured finance or mortgage‑related products.

Job Responsibilities:

Core Analytical Work

• Conduct RMBS transaction analysis, including assessment of collateral characteristics, deal structures, credit enhancement levels, and legal frameworks.
• Identify and focus on key credit issues during the new‑issue rating process.

Committee & Internal Collaboration

• Serve as a co‑lead or back‑up analyst on selected transactions.
• Present analytical findings to rating committees with clarity and confidence.
• Collaborate with senior analysts to ensure accurate and consistent application of criteria.

Modeling & Methodology

• Contribute to the enhancement of structured finance criteria, models, and analytical tools.
• Perform sensitivities, transaction comparisons, and stress‑testing tasks under the guidance of senior team members.

Research & Publications

• Produce and publish market updates, newsletters, or concise commentary with minimal supervision.

External Engagement

• Participate in meetings with bankers, issuers, investors, and other market participants to discuss transaction details and analytical considerations.
• Represent the team professionally in all client‑facing interactions.

Qualifications:

• Bachelor’s degree in finance, economics, math, engineering, computer science, or a related field.
• 2+ years of experience in structured finance, securitization, banking, mortgage finance, or a relevant analytical role.
• Strong analytical and quantitative abilities, with excellent attention to detail.
• Proficiency in Microsoft Excel and standard Office applications.
• Organized, deadline‑driven, and comfortable managing multiple priorities.
• Strong communication and presentation skills, with the ability to convey complex concepts clearly.

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

  • 100% 401k match up to 6% of salary

  • 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 plans and coverages

  • Additional medical Wellness Incentives - up to $300-$600 annual

  • Company-provided long- and short-term disability insurance

• Emotional Health 

  • Trust-Based Time Off

  • 6-week Paid Sabbatical Program

  • 6-Week Paid Family Caregiving Leave

  • Competitive 8-24 Week Paid Parental Leave

  • Adoption Assistance

  • Leadership Coaching & Formal Mentorship Opportunities

  • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses

  • 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 collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In 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, you'll have tools and resources to engage meaningfully with your global colleagues.