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Job description
U.S. RMBS Credit Ratings, Assistant Vice President - New York
Morningstar DBRS is seeking a highly motivated individual to join its U.S. RMBS Credit Ratings group as an Assistant Vice President in New York. This role will support the analysis and assignment of credit ratings for U.S. residential mortgage‑backed securities (RMBS). This role offers the opportunity to deepen your structured finance expertise, work closely with senior analysts, and interact with external market participants in a collaborative and analytical environment.
The ideal candidate brings strong quantitative skills, excellent attention to detail, and experience working with structured finance or mortgage‑related products.
Job Responsibilities
Core Analytical Work Conduct RMBS transaction analysis, including assessment of collateral characteristics, deal structures, credit enhancement levels, and legal frameworks.
Identify and focus on key credit issues during the new‑issue rating process.
Review and evaluate banker cash‑flow model outputs, providing feedback on structural assumptions.
Committee & Internal Collaboration Serve as a co‑lead or backup analyst on selected transactions.
Present analytical findings to rating committees with clarity and confidence.
Collaborate with senior analysts to ensure accurate and consistent application of criteria.
Modeling & Methodology Contribute to the enhancement of structured finance criteria, models, and analytical tools.
Perform sensitivities, transaction comparisons, and stress‑testing tasks under the guidance of senior team members.
Research & Publications Produce and publish market updates, newsletters, or concise commentary with minimal supervision.
External Engagement Participate in meetings with bankers, issuers, investors, and other market participants to discuss transaction details and analytical considerations.
Represent the team professionally in all client‑facing interactions.
Qualifications
Bachelor's degree in finance, economics, math, engineering, computer science, or a related field.
5-7 years of experience in structured finance, securitization, banking, mortgage finance, or a relevant analytical role.
Strong analytical and quantitative abilities, with excellent attention to detail.
Proficiency in Microsoft Excel and standard Office applications.
Organized, deadline‑driven, and comfortable managing multiple priorities.
Strong communication and presentation skills, with the ability to convey complex concepts clearly.
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.
Compensation and Benefits
Financial Health 100% 401(k) 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 annually
Company‑provided long‑term 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 – $1,000 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
$97,854.00‑137,910.00
Incentive Target Percentage
20% Annual
If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentially 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.
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Worksite address
new york, NY, 10261, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.