Vice President, Credit Ratings - RMBS Surveillance

About the Role
Morningstar DBRS is hiring an experienced mortgage finance and credit analyst to contribute to its Residential Mortgage-Backed Securities (RMBS) surveillance team. In this role you will be the lead analyst for Morningstar DBRS rated transactions. You will be responsible for the management of assigned portfolio of credits to surveil , using your advanced understanding of the US mortgage sector.
Job Responsibilities
The selected analyst will report to the Head of U.S. RMBS Surveillance and be part of the RMBS Surveillance group.

• Manage the periodic surveillance of DBRS Morningstar's rated book, identifying bond-level events that necessitate rating actions in accordance with our policies and procedures. Monitor movement at the loan and transaction level to identify transactions that merit further analysis.
• Complete surveillance reviews of Morningstar DBRS-rated RMBS transactions. This work will involve analyzing underlying collateral and bond-level reporting provided by the transaction parties.
• Prepare committee memorandum, present analysis to credit committee, and publish press release.
• Obtain a solid understanding of Morningstar DBRS' methodologies, models, criteria and other analytical tools to assess the credit worthiness of various transaction types within the rated RMBS book, which are bonds backed by agency or non-agency collateral, such as, prime jumbo, non-qualified mortgages , reperforming, nonperforming, home equity investment etc.

Qualifications

• Bachelor's degree in finance, math, engineering, or any other related field.
• Minimum of 7 years of experience in residential mortgage related field, e.g. banking/lender, private equity, servicing, valuation services. Additional experience in capital markets, structured finance, securitizations, or NRSRO are preferred.
• Solid understanding of residential mortgages for various agency and non-agency mortgage types, such as, prime jumbo, Non-QM, RPL, NPL, HEI, HELOC, RTL, CRT, RM, and SFR.
• Thorough understanding of credit and legal aspects of structured finance in the residential mortgage product area.
• Strong quantitative and analytical skills, with a high attention to detail.
• Strong organizational, multi-tasking, and time-management skills.
• Excellent written and verbal communication/presentation skills with a proven ability to present complex analyses in a clear and concise manner

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.
Compensation and Benefits
At 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 Health
  • 75% 401k match up to 7%
  • 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 annual
  • Company-provided long- 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 Bonding Leave
  • Adoption Assistance
  • Leadership Coaching & Formal Mentorship Opportunities
  • Annual Education Stipend
  • 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
$110,000.00 - 205,000.00 USD Annual
Incentive Target Percentage
30% Annual
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.
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