Ratings Legal Attorney - Private Credit & Funds (NY / Chicago)

Position Title:  Ratings Legal Attorney - Private Credit & Funds (NY / Chicago)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, NY or Chicago, Illinois 

Summary/Overview:

Kroll Bond Rating Agency (KBRA) is a global credit rating agency with a mission to set new standards of excellence, integrity and transparency and to become the trusted alternative in credit ratings.  The market leader in private credit, KBRA is now inviting applications from motivated, self-starting funds or securitisation lawyers to join its growing business and work on private credit and funds transactions.  The position will be based in our New York or Chicago offices.

About the Job:

You will play an important role in the rating process, working across a wide range of fund investment and fund finance transactions (e.g., feeder fund rated notes and CFOs, NAV facilities, middle-market CLOs) and assessing and articulating the credit impact of deal structure, documentation and other legal considerations.  Key responsibilities will include:

• Reviewing financing documents and relevant fund-level documents
• Identifying the potential credit impact of transaction structures and deal documents
• Coordinating with rating analysts on relevant legal issues
• Participating in rating committees
• Supporting the analytical team with the preparation of KBRA’s market-leading ratings and research reports

About the Team:

Unique among rating agencies, the members of KBRA’s Ratings Legal team work alongside ratings analysts to identify, evaluate, and articulate key legal and credit features and risks in transaction structures. As integral members of the credit ratings groups they support, they contribute to research reports and methodology development and engage in investor outreach. Ultimately, the lawyers in Ratings Legal serve as an important safeguard for ensuring the quality, accuracy, timeliness and consistency of KBRA’s ratings. 

You will be successful in this role if you have:

• Qualified lawyer with 4-6 years post-qualification experience in feeder fund rated notes and CFOs, structured finance, or fund finance
• Ability to take initiative and work independently, as well as to collaborate effectively with others
• Excellent communication skills
• Excellent research, analytical and organizational skills
• Ability to work on multiple transactions simultaneously while meeting deadlines and maintaining standards
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.

Salary Range:

The anticipated annual base salary range for this full-time position is $200,000 to $240,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

Benefits:

• A hybrid work schedule (Tuesday, Wednesday and Thursdays in the office)
• Competitive benefits and paid time off
• Paid family and disability leave
• 401(k) plan, including employer match (100% vested)
• Educational and professional development financial assistance
• Employee referral bonus program

About Us

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

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