VP, US ABS Surveillance at Morningstar | United States | Rezi

VP, US ABS Surveillance at Morningstar

VP, US ABS Surveillance

Morningstar · United States

3 weeks ago

VP, US ABS Surveillance

Morningstar · United States

22 days ago
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About the Role

We are seeking a Vice President for our ABS – Surveillance team in the New York office. This role focuses on extant asset-backed securities (ABS) transactions, offering opportunities to learn about the ABS market and gain expertise in computational and automation-based processes. You will be part of a team responsible for maintaining ratings and taking rating actions on ABS securitized assets.

Responsibilities

  • Analyze the credit risk in ABS by performing tasks that include collateral/loss analysis, modeling transactions and reviewing associated legal documentation.
  • Manage the assigned portfolio of credits to surveil.
  • Prepare materials to be reviewed at rating committee.
  • Present analytical conclusions and recommendations to rating committee members.
  • Work with the cash flow modeling team to run appropriate stress scenarios for rating analysis.
  • Assist in mentoring and training junior analysts.
  • Assist in the development and publication of topical research.
  • Coordinate with other teams to support credit rating analysis, research and administration.
  • Interact with other team members to learn department techniques and automation.
  • Utilize original thinking to extend in-place automation.
  • Assist the team in building various databases and analytical tools.

Requirements

  • Completed a bachelor’s degree in a subject such as finance, mathematics, accounting, economics or similar quantitative discipline.
  • 7+ years of experience in Structured Finance (preferably ABS background).
  • Excellent quantitative and writing skills.
  • Strong communication skills.
  • Curiosity and the capability to turn intuition into usable tools to advance departmental efficiency.
  • Knowledge of a programming language other than VBA.
  • Ability to balance multiple tasks and projects simultaneously.
  • Ability to analyze large data sets and deliver largely error-free conclusions.

Skills

  • ABS market expertise
  • Computational processes
  • Automation
  • Credit risk analysis
  • Collateral/loss analysis
  • Modeling transactions
  • Legal documentation review
  • Portfolio management
  • Rating committee presentation
  • Stress scenario analysis
  • Mentoring
  • Training
  • Topical research
  • Cross-team coordination
  • Original thinking
  • Database building
  • Analytical tool development
  • Programming language knowledge (other than VBA)
  • Data analysis

Location

  • New York

Work Type

  • Hybrid

Experience Level

  • Vice President
  • 7+ years

Education Level

  • Bachelor's degree in finance, mathematics, accounting, economics or similar quantitative discipline

Salary/Compensations

  • $113,308.00-178,794.66
  • 30% Annual Incentive Target Percentage

Benefits

  • 100% 401k match up to 6% of salary
  • Stock Ownership Potential
  • Company provided life insurance - 1x salary + commission
  • Comprehensive health benefits (medical/dental/vision)
  • Potential health insurance premium discounts
  • 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
  • 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
  • Charitable Matching Gifts program
  • Dollars for Doers volunteer program
  • Paid volunteering days
  • 15+ Employee Resource & Affinity Groups

About the Company

  • 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.
  • It is one of the top four credit rating agencies in the world, rating more than 4,000 issuers and 60,000 securities.
  • Morningstar DBRS empowers investor success by bringing more transparency and a much-needed diversity of opinion in the credit rating industry.
  • The company's approach and size allow it 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 Morningstar DBRS because of its agility, tech-forward approach, and exceptional customer service.
  • Morningstar DBRS is the next generation of credit ratings.

Equal Opportunity

  • 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 immediately. In 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.