Lead surveillance analyst for European structured finance transactions, conduct portfolio credit analysis, mentor junior analysts, and collaborate with teams on ratings and risk assessments.
Morningstar DBRS European Structured Finance team is looking for an experienced securitisation analyst at the AVP level to be based in Frankfurt. Candidates should have a strong worth ethic, an analytical mind and an attention to detail. The successful candidate will possess the interpersonal and presentation skills necessary to work with all levels of professional and executive staff as well as external contacts.
Responsibilities• Lead surveillance analyst for a portfolio of ongoing ratings of European structured finance transactions rated by Morningstar DBRS across different asset classes mainly NPLs and RPLs but also including RMBS and ABS.• Mentoring and training more junior analysts, if required.• Conduct portfolio credit analysis utilising Morningstar DBRS rating methodologies and analytical tools.• Analysis of asset-liability cash flow structures using Morningstar DBRS built in cash flow tools.• Study recent performance trends for transactions. The metrics to be evaluated include, among others: cumulative collection ratio, profitability ratio, delinquencies, defaults, recoveries, CPRs, credit enhancement, and rating and financial conditions of key entities.• Review and approve publication on https://dbrs.morningstar.com/ of performance analytics reports.• Collaboration with other European Structured Finance teams/analysts, supporting analysts in assignment of new ratings to NPL and RPL transactions and being able to work as lead primary analyst.• Working with arrangers and issuers on transaction amendments/restructurings and when working on assigning new ratings.• Conducting on-site or video conference reviews of underwriting and servicing of transaction originators/sellers with operational risk analyst.• Prepare high quality surveillance and new rating committee memos summarising the analysis and recommending a rating action.• Writing & publishing press releases, rating reports and market research.• Develop and maintain analytical tools and reports for internal and external use.• Ensure compliance with all applicable policies and procedures.
Qualifications:• Completed a bachelor (or equivalent) degree in a subject such as finance, mathematics, financial engineering, economics, accounting or similar quantitative discipline.• CFA, accounting designation and/or a Masters in a related field are considered definite assets.• Typically 5+ years of experience in the financial services industry.• Deep knowledge of NPL and RPL transactions.• Experience in reviewing legal documents and conducting cash-flow analysis for structured finance transactions.• Proficiency in Microsoft Excel. Advanced knowledge and practical skills using rest of Microsoft Office programs.• Excellent written and oral English language skills.• Demonstrated analytical abilities, with a high attention to detail and producing high quality work.• Ability to meet tight deadlines and manage her/his own workload independently.• Willingness and ability to learn new analytical approaches proactively, to think creatively, and to work well within a team.• Permission to live and work in the EU. This position may require occasional European travel.
Nice to have:• Knowledge of analytical programming languages (VBA, Python, etc.).• Knowledge of another European Language/s 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.
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 work remotely and collaborate in-person each week. While some positions are available as fully remote, we've found that we're at our best when we're purposely together on a regular basis, typically three days 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.
R09_DBRSRtgsGmbHGermany DBRS Ratings GmbH - Germany Legal Entity
Responsibilities• Lead surveillance analyst for a portfolio of ongoing ratings of European structured finance transactions rated by Morningstar DBRS across different asset classes mainly NPLs and RPLs but also including RMBS and ABS.• Mentoring and training more junior analysts, if required.• Conduct portfolio credit analysis utilising Morningstar DBRS rating methodologies and analytical tools.• Analysis of asset-liability cash flow structures using Morningstar DBRS built in cash flow tools.• Study recent performance trends for transactions. The metrics to be evaluated include, among others: cumulative collection ratio, profitability ratio, delinquencies, defaults, recoveries, CPRs, credit enhancement, and rating and financial conditions of key entities.• Review and approve publication on https://dbrs.morningstar.com/ of performance analytics reports.• Collaboration with other European Structured Finance teams/analysts, supporting analysts in assignment of new ratings to NPL and RPL transactions and being able to work as lead primary analyst.• Working with arrangers and issuers on transaction amendments/restructurings and when working on assigning new ratings.• Conducting on-site or video conference reviews of underwriting and servicing of transaction originators/sellers with operational risk analyst.• Prepare high quality surveillance and new rating committee memos summarising the analysis and recommending a rating action.• Writing & publishing press releases, rating reports and market research.• Develop and maintain analytical tools and reports for internal and external use.• Ensure compliance with all applicable policies and procedures.
Qualifications:• Completed a bachelor (or equivalent) degree in a subject such as finance, mathematics, financial engineering, economics, accounting or similar quantitative discipline.• CFA, accounting designation and/or a Masters in a related field are considered definite assets.• Typically 5+ years of experience in the financial services industry.• Deep knowledge of NPL and RPL transactions.• Experience in reviewing legal documents and conducting cash-flow analysis for structured finance transactions.• Proficiency in Microsoft Excel. Advanced knowledge and practical skills using rest of Microsoft Office programs.• Excellent written and oral English language skills.• Demonstrated analytical abilities, with a high attention to detail and producing high quality work.• Ability to meet tight deadlines and manage her/his own workload independently.• Willingness and ability to learn new analytical approaches proactively, to think creatively, and to work well within a team.• Permission to live and work in the EU. This position may require occasional European travel.
Nice to have:• Knowledge of analytical programming languages (VBA, Python, etc.).• Knowledge of another European Language/s 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.
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 work remotely and collaborate in-person each week. While some positions are available as fully remote, we've found that we're at our best when we're purposely together on a regular basis, typically three days 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.
R09_DBRSRtgsGmbHGermany DBRS Ratings GmbH - Germany Legal Entity
Top Skills
Excel
MS Office
Python
VBA
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