Lead credit rating evaluations for European asset-backed securitisation transactions, perform cash flow modelling, and mentor junior team members.
About This Role
Morningstar DBRS is seeking an Assistant Vice President to join the European Structured Finance team, focusing on asset-backed securitisation (ABS). This is a lead analyst role responsible for assigning and maintaining credit ratings on European ABS transactions. The successful candidate will contribute to Morningstar DBRS's strong reputation in the structured finance market by producing high-quality analysis and collaborating closely with colleagues and market participants. The role offers the opportunity to deepen technical expertise in European ABS while working in a dynamic, team-oriented environment. This position reports to the Head of European ABS within the Structured Finance group.
What You'll Do
Who You Are
Ready to Shape the Future?
At Morningstar, every hire we make strengthens our mission to empower investor success. Apply now and help shape the future of investing with us.
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
Morningstar DBRS is seeking an Assistant Vice President to join the European Structured Finance team, focusing on asset-backed securitisation (ABS). This is a lead analyst role responsible for assigning and maintaining credit ratings on European ABS transactions. The successful candidate will contribute to Morningstar DBRS's strong reputation in the structured finance market by producing high-quality analysis and collaborating closely with colleagues and market participants. The role offers the opportunity to deepen technical expertise in European ABS while working in a dynamic, team-oriented environment. This position reports to the Head of European ABS within the Structured Finance group.
What You'll Do
- Lead the evaluation and assignment of credit ratings for European ABS transactions in accordance with Morningstar DBRS methodologies.
- Oversee the surveillance process of existing rated ABS transactions, providing regular analysis and updates.
- Perform in-depth cash flow modelling and structural analysis using internal tools and Intex.
- Draft and review internal and external documents including credit reports, press releases, and commentaries.
- Assess transaction legal documentation in alignment with applicable methodologies and regulatory frameworks.
- Mentor junior team members and contribute to training initiatives within the Structured Finance group.
Who You Are
- Minimum 5 years of direct experience in structured finance, preferably within credit ratings, investment banking, advisory, or asset management.
- Strong understanding of European ABS sectors, particularly consumer finance asset classes such as auto loans, consumer loans, or credit cards.
- Proven analytical skills, with the ability to interpret complex data sets and financial models. Quantitative skills and experience in cash flow modelling and capacity to manage large data sets are advantageous.
- Proficient in Microsoft Excel and Office; knowledge of programming languages (e.g., VBA, Python) is an advantage.
- Excellent written and verbal communication skills in English; additional European languages (e.g., French, Spanish, Italian) are a plus.
- Hold a degree in finance, financial engineering, or a quantitative discipline; able to work in the EU and travel occasionally within Europe.
Ready to Shape the Future?
At Morningstar, every hire we make strengthens our mission to empower investor success. Apply now and help shape the future of investing with us.
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
Intex
Excel
MS Office
Python
VBA
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