Jobs at Morningstar

Develop and analyze cash flow models for structured finance transactions across ABS, RMBS, CMBS, and structured credit. Interpret legal documents, model securitization waterfalls and structural features, reconcile outputs, assess credit risks, and present findings to senior stakeholders and rating committees. The role also provides technical guidance and mentoring to junior analysts while supporting global transaction execution.

Analyzes product, visitor, subscriber, acquisition, engagement, and retention data across Morningstar’s investor products. Builds KPI dashboards, automated reporting, forecasting and financial models, cohort and lifetime-value analyses, and SQL-based data pipelines. Partners with engineering and data teams to improve tracking, data infrastructure, and reporting accuracy. Uses insights to optimize pricing, marketing spend, customer acquisition, product engagement, and retention strategies.

Analyze U.S. residential mortgage-backed securities transactions for credit ratings, evaluating collateral, deal structures, credit enhancements, legal frameworks, and key credit risks. Present findings to rating committees, conduct modeling, sensitivities, comparisons, and stress testing, and contribute to analytical methodologies. Produce market commentary and engage with bankers, issuers, investors, and other market participants.

Leads credit analysis, surveillance, and new rating assignments across sports franchises, stadiums, sports media, project finance, and infrastructure transactions. Evaluates financing structures, financial performance, legal documentation, and credit risks; develops rating recommendations; presents to rating committees; produces reports and research; engages issuers, investors, and market participants; contributes to methodologies; represents the firm externally; and mentors junior analysts.

Grow revenue and adoption of Morningstar Direct and Report Distribution within strategic institutional accounts. Build executive relationships, uncover business needs, identify expansion opportunities, deliver product demonstrations, develop account growth plans, forecast pipeline, and negotiate and close new business. The role serves finance and investment clients across the U.S., requires approximately 30% travel, and is based four days per week in Morningstar’s New York City office.

Leads analysis and credit ratings for consumer asset-backed securities transactions. Evaluates collateral performance, transaction structures, legal frameworks, cash flows, credit enhancements, servicing, and macroeconomic risks. Presents recommendations to rating committees, engages issuers and market participants, authors reports and research, contributes to methodology development, and mentors junior analysts.

Lead global business development for structured credit, building relationships with asset managers, lenders, arrangers, issuers, and investors across CLOs, leveraged loans, and fund finance. Identify new business opportunities, expand ratings activity, represent Morningstar DBRS at client and industry events, and collaborate with analytical, marketing, and leadership teams. The role requires structured credit market knowledge, strong relationship-building skills, proactive commercial development, and confidence engaging senior financial stakeholders.

Leads credit rating analysis for complex commercial, esoteric, and emerging asset-backed securities transactions. Responsibilities include evaluating transaction structures, collateral, originators, servicers, legal documentation, and structural protections; presenting recommendations to rating committees; managing transaction teams; mentoring analysts; monitoring outstanding transactions; developing methodologies; authoring research; and representing Morningstar DBRS with market participants.

Develop and launch benchmark, thematic, factor, strategic beta, and multi-asset indexes from concept through market release. Conduct quantitative research, machine learning, back-testing, portfolio construction, risk analytics, and statistical testing. Build AI-enabled tools, prototypes, dashboards, and automated workflows while translating complex investment concepts into methodologies, research, presentations, and client-facing narratives. Collaborate with research, product, technology, operations, and commercial teams.

Own the Credit business’s global marketing automation strategy, platforms, integrations, governance, audience segmentation, data architecture, and reporting frameworks. Administer HubSpot, Pardot, and related martech systems; design automation programs, lead scoring, and audience journeys; maintain data quality and privacy compliance; and develop marketing measurement frameworks, attribution models, dashboards, and actionable insights to improve campaign performance and investment decisions.

Leads surveillance of existing fund finance credit ratings, monitoring transaction performance and conducting portfolio analysis using predictive models and rating methodologies. Prepares committee materials, rating letters, disclosures, and research; assesses legal, regulatory, counterparty, and credit risks; participates in manager due diligence; and mentors junior analysts. The role requires collaboration across credit teams, adherence to compliance policies, and expertise in fund finance, structured credit, private credit, or related markets.

Leads surveillance of existing fund finance and structured credit ratings, monitoring transaction performance, conducting portfolio analysis, preparing committee recommendations and disclosures, managing issuer relationships, assessing risks, and mentoring junior analysts. Requires strong fund finance or credit ratings expertise, quantitative analysis, credit judgment, advanced Excel modeling, communication skills, and familiarity with credit methodologies.

Lead analyst for U.S. RMBS new-issue ratings: assess collateral, model and test cash flows, review legal documents, perform scenario/sensitivity analysis, present to rating committee, engage with originators and investors, and contribute to criteria and model development.

Lead analytical work to assign and monitor U.S. ABS ratings across commercial, esoteric, and new asset classes. Perform collateral and obligor assessment, cash-flow and structural analysis, legal review, stress testing, prepare committee materials and disclosures, engage with issuers/investors, support surveillance, produce research, and mentor junior analysts while ensuring regulatory compliance.

Lead credit analyst for U.S. project and infrastructure finance transactions across power, energy, and other infrastructure sectors. Perform financial statement analysis and modeling, draft rating reports and committee materials, mentor junior staff, manage issuer and banker relationships, produce topical research, represent the firm externally, and support business development and methodology refinement.

Sell and expand Morningstar Research Data Products to institutional clients (asset managers, hedge funds, banks). Own revenue targets, lead consultative conversations on data usage and licensing, deliver product demos, manage pipeline and forecasts in CRM, and collaborate with Product, Legal, and Customer Success. Role requires ~30% travel and is based in Chicago, New York, or London.

Lead and expand relationships with strategic institutional clients, develop and execute account plans, coordinate cross-functional engagement, identify business opportunities, represent the firm at meetings/events, and maintain account data and pipeline in Salesforce to drive adoption of Morningstar DBRS ratings.