The ABS Analyst/Senior Analyst supports rating activities for asset-backed securities, performing data analysis, compliance reporting, and organizing administrative functions.
About the Role
The ABS Analyst / Senior Analyst is responsible for publishing and compliance reporting (e.g. reporting for SEC requirements). This position will support the rating activities in the asset-backed securities (ABS) group in New York. The ABS group is responsible for rating and monitoring bonds secured by autos, credit cards and equipment (among others). The position will be central to the team's ability to manage increasing administrative burdens while continuing to "get the rating right" on transactions and developing robust ratings methodologies. The Analyst is also responsible for organizing many of the group's administrative functions as well as working on new-issue transactions.
Job Responsibilities
Qualifications
Candidates should have a strong worth ethic, an analytical mind and an attention to detail. The candidate will be poised and possess the interpersonal and presentation skills necessary to work with all levels of professional and executive staff as well as external contacts.
Nice to have
Previous work experience (including internships) in the financial and/or securities industry is a plus.
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.
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:
Base Salary Compensation Range
$75,182.00-91,848.66
Incentive Target Percentage
10% Annual
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.
R06_DBRSInc DBRS, Inc. - US Legal Entity
The ABS Analyst / Senior Analyst is responsible for publishing and compliance reporting (e.g. reporting for SEC requirements). This position will support the rating activities in the asset-backed securities (ABS) group in New York. The ABS group is responsible for rating and monitoring bonds secured by autos, credit cards and equipment (among others). The position will be central to the team's ability to manage increasing administrative burdens while continuing to "get the rating right" on transactions and developing robust ratings methodologies. The Analyst is also responsible for organizing many of the group's administrative functions as well as working on new-issue transactions.
Job Responsibilities
- Gather, clean and analyze data for use in ratings, methodology development and external research publication
- Perform analysis on historical financial data
- Assist with preparation of committee memos and public disclosure documents such as transaction rating reports, including quantitative analysis and writing
- Assist with adherence to procedures and regulatory compliance
- Prepare compliance reports and company publications
- Review and apply rating methodologies to transactions
- Contribute to the efforts to automate certain manual functions (e.g. press releases)
- Follow, summarize and share research and presentations of outside market participants
Qualifications
- Bachelor's degree from four-year college or university
- High proficiency in Excel
- High proficiency in PowerPoint and Word
- Proficiency in logical, statistical and quantitative reasoning
- Strong organizational skills
- Strong writing skills
- Strong presentation skills
Candidates should have a strong worth ethic, an analytical mind and an attention to detail. The candidate will be poised and possess the interpersonal and presentation skills necessary to work with all levels of professional and executive staff as well as external contacts.
Nice to have
- Database experience
- Strong background with regression model estimation, data mining and statistical techniques
Previous work experience (including internships) in the financial and/or securities industry is a plus.
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.
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
Base Salary Compensation Range
$75,182.00-91,848.66
Incentive Target Percentage
10% Annual
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.
R06_DBRSInc DBRS, Inc. - US Legal Entity
Morningstar New York, New York, USA Office
4 World Trade Center, New York, NY, United States, 10007
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