Jobs at Morningstar

Lead surveillance and rating maintenance for a diverse ABS portfolio. Perform collateral and loss analysis, cash‑flow modeling, legal review, prepare memos, present recommendations to the Rating Committee, mentor junior analysts, develop automation and analytical tools, and contribute to topical research.

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.

Analyze U.S. residential mortgage-backed securities transactions for credit ratings, assessing collateral, deal structures, credit enhancement, and legal frameworks. Present findings to rating committees, perform sensitivities and stress testing, support models and criteria enhancements, and publish market commentary. The role also involves collaborating with senior analysts and engaging bankers, issuers, investors, and other market participants.

Reports on financial markets, economic trends, investing news, and major stock movements. Writes articles using Morningstar research and data, creates data-driven charts and tables, collaborates with editors to meet deadlines, and trains on Morningstar’s financial information database.

Develop and analyze structured finance cash flow models for new-issue, amendment, and surveillance transactions using Intex Dealmaker and Python. Interpret transaction documents, model waterfalls and structural features, perform reconciliations, and communicate findings to ratings teams. Contribute to Python-based analytics platforms, workflow automation, testing, documentation, version control, AI initiatives, and data integrations. Mentor junior colleagues and support scalable analytical solutions across global structured finance teams.

Build and operate production AI applications and shared platform capabilities using AWS Bedrock and Python. Develop AI agents, MCP servers, APIs, and distributed services; integrate AI into existing applications; evaluate retrieval, tool-use, orchestration, and model-performance approaches; and ensure reliability, security, testing, observability, and maintainability. Partner with technical and business stakeholders to identify workflow improvements, influence architecture and engineering standards, support delivery planning, and mentor less experienced engineers.

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.

Develops and runs structured finance cash flow models for securitization transactions using Intex, Python, and proprietary platforms. Reviews legal documents, analyzes waterfalls and structural features, reconciles issuer assumptions to rating methodology, validates numerical inputs, and presents findings to senior staff and rating committees. Independently manages complex transactions, supports credit analysis, and mentors junior analysts.

Develop and execute go-to-market strategies, integrated campaigns, positioning, messaging, email marketing, sales enablement, and thought-leadership programs for credit ratings and subscription products. Analyze market, client, website, funnel, and campaign data to optimize performance and revenue. Coordinate cross-functional execution with product, business development, digital marketing, content, events, copy, and design teams while reporting KPIs and actionable insights.

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 strategic account growth for Morningstar Direct across major institutional clients. Develop and execute account growth plans, uncover client needs, deliver product demonstrations, negotiate and close deals, and document activities in Salesforce. Collaborate with SVPs and internal teams to expand adoption and sell additional services, traveling about 30% and working primarily from the New York office.

Lead ratings analysis and origination for CLOs and structured credit transactions, including client meetings, committee memos, credit reports, portfolio and legal analysis, mentoring junior analysts, and collaborating across teams on surveillance, research, and methodology application.

Lead RMBS credit analyst responsible for structuring and rating residential mortgage transactions. Perform cash flow testing, scenario/sensitivity and transaction analysis, evaluate collateral, legal and representation-and-warranty issues, coordinate with technology, contribute to model criteria, publish industry commentary, and engage with bankers, investors and originators. Domestic travel up to 10 days/year.

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.

Support credit analysis and rating assignments for U.S. RMBS transactions by assessing collateral, structures, and cash‑flow models. Serve as co‑lead or backup analyst, present findings to rating committees, perform sensitivities and stress tests, contribute to model and methodology enhancements, publish market commentary, and engage with bankers, issuers, and investors. Work closely with senior analysts to ensure consistent application of rating criteria.

Support U.S. project finance and infrastructure ratings through financial and credit modelling, transaction assessment, surveillance, and report preparation. Participate in issuer/investor meetings, contribute to rating committees, research, and business development, and progressively take lead analyst responsibilities across asset classes.

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.

Create, maintain, and run cash flow models (Intex, Python, proprietary platforms); analyze securitization structures and legal documents; evaluate credit profiles of ABS securities; present findings to ratings teams and senior staff; support rating committee discussions.