Senior Analyst, Credit Ratings - U.S. RMBS

This job is with Morningstar, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.The Morningstar DBRS U.S. RMBS team is seeking a Senior Analyst to 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.Key ResponsibilitiesCore Analytical WorkConduct 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 CollaborationServe as a co‐lead or back‐up 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 & MethodologyContribute 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 & PublicationsProduce and publish market updates, newsletters, or concise commentary with minimal supervision.External EngagementParticipate 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.QualificationsBachelor's degree in finance, economics, math, engineering, computer science, or a related field.2+ 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 UsMorningstar 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 BenefitsAt 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 Health100% 401k match up to 6% of salaryStock Ownership PotentialCompany provided life insurance - 1x salary + commissionPhysical HealthComprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coveragesAdditional medical Wellness Incentives - up to $300-$600 annualCompany-provided long- and short-term disability insuranceEmotional HealthTrust-Based Time Off6-week Paid Sabbatical Program6-Week Paid Family Caregiving LeaveCompetitive 8-24 Week Paid Parental LeaveAdoption AssistanceLeadership Coaching & Formal Mentorship OpportunitiesAnnual Flex Stipend - $1000 annually to cover personal education & well-being expensesTuition ReimbursementSocial HealthCharitable Matching Gifts programDollars for Doers volunteer programPaid volunteering days15+ Employee Resource & Affinity GroupsBase Salary Compensation Range$90,000.00 - 123,609.00 USD AnnualIncentive Target Percentage15% AnnualIf 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