Senior Credit Risk Analyst - Structured Finance

Senior Analyst

The Team: DBRS Morningstar is a global credit ratings business with about 800 employees in eight offices globally. Formed through the acquisition of DBRS by Morningstar, Inc., the credit ratings business is the fourth-largest provider of credit ratings in the world. DBRS Morningstar is committed to empowering investor success, serving the market through leading-edge technology, and raising the bar for the industry. DBRS Morningstar is a market leader in Canada, the U.S. and Europe in multiple asset classes. DBRS Morningstar rates more than 4,000 issuers and 56,000 securities worldwide, and is driven to bring more clarity, diversity, and responsiveness to the ratings process. Visit https://www.dbrsmorningstar.com/learn/dbrsmorningstar to learn more.

About the Role: As a Senior Analyst, you will assist team with running and reviewing the cashflow models to aid rating, research, and surveillance process; assist with special projects/initiatives, as needed. Knowledge of Python, SQL and VBA will be a plus. This role will provide unique opportunities for mastering the key aspects of our credit ratings business including in-depth collateral and deal analysis. This candidate will also be responsible for conducting quantitative and qualitative analysis on the underlying loans and properties that collateralize Structured Finance transactions. This position is based in our Navi Mumbai office.

Responsibilities

• Analyze the credit risk in ABS, RMBS, CMBS and Structured Credit transactions issued across EMEA and US regions by performing tasks that include modeling cash flows, reviewing legal documentation and maintaining the software code base of Structured Finance products.

• Develop and maintain cash flow engines in Intex Dealmaker, Excel, and Python.

• Review related legal documents like Prospectus and PPM

• Maintain and enhance Python projects that review the portfolio's cash flow output on a monthly basis

• Maintain regular and open communication with the operations team and technology team about assigned tasks, priorities and ensure applications under development meet the defined requirements and pass the user acceptance testing prior to its release.

• Take ownership of the tasks with focus on quality and accuracy of the deliverables

• Demonstrate strong learning curve and eagerness to move up the rating value chain

• Supervise the team in cashflow analysis to support the required product in a detailed manner

• Ensure compliance with regulatory and company policies and procedures

 

Requirements

• 3 to 5 years of experience in a credit research domain, with knowledge of structured finance products, experience at a rating agency is a plus.

• Master’s degree in finance, CFA or CFA program enrollment are a plus

• Fluent in English, with good verbal and written communication skills

• Strong attention to detail and accuracy

• Highly motivated, self-starter who is keen to learn, has a positive attitude and a strong work ethic

• Ability to manage multiple tasks at the same time and deliver results in a timely manner

• Good interpersonal skills and ability to participate/ contribute as a team player

• Experience with Intex, Python, SQL is a plus

Morningstar is an equal opportunity employer.

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 4,000 issuers and 60,000 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 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.

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.

R11_DBRSRatingsGmbHIndia DBRS Ratings GmbH, Branch India Legal Entity

Experience Level

Senior Level