Summary
Morningstar DBRS is seeking a highly motivated, experienced leader in the project finance and infrastructure finance sectors with at least 10-15 years of relevant credit experience to join its European Asset Finance team based out of Madrid or Frankfurt. This is a senior position and the successful candidate will be responsible for leading the growth of Morningstar DBRS' project finance and infrastructure finance credit ratings business in Europe. Reporting directly to the Managing Director, Global Corporate Ratings, the successful candidate will lead the development of a team of Analysts across Spain, Germany and the UK, working also closely with members of the Global Asset Finance team in New York and Toronto on a broad range of assets classes. This individual will be critical in supporting the rapid growth of the European-based project finance and infrastructure portfolio.
About the role:
The successful candidate will be expected to take an active role on various initiatives to broaden our analytical footprint in Europe across a variety of asset classes within project and infrastructure finance. This includes large infrastructure asset financings such as industrial equipment leases and stadium and arena financings, bespoke digital asset financing (e.g. telecommunications, data centers, fiber networks and other technology infrastructure assets) as well as the power, energy and renewable related sectors (e.g. gas, wind, solar, hydro generation). Having broad credit experience in public infrastructure assets (e.g. PPPs, toll roads, airports, container terminals and ports) will also be a key feature of the role. The role will involve supporting the Global Head in the oversight of the team's analytical deliverables which will include reviewing rating reports, press releases and related regulatory disclosures, chairing and participating in rating committees and ensuring the analytical team is compliant with all processes and procedures. The role will require coaching and mentoring and coaching Analysts on the team to further develop their respective skill sets, managing relationships with issuers and bankers and representing Morningstar DBRS at conferences.
Specific responsibilities include the following:
- Support the team's business objectives to provide timely and high-quality rating opinions, rating reports and issuer research reports.
- Develop a deep understanding of the existing methodologies and criteria for the various sectors within Asset Finance and support initiatives on investor outreach with respect methodology development.
- Help lead the analytical team in the development of innovative topical research and publication of related industry studies and commentaries.
- Build and maintain relationships with issuers and investors.
- Represent Morningstar DBRS externally at conferences, with media, and on occasion with regulators.
- Lead external meetings and chair internal rating committees.
- Respond to inquiries from investors and media representatives.
- Analytically support business development initiatives.
- Help lead the refinement of research products and rating approaches.
- Mentor and coach junior analysts.
Qualifications
- Minimum of 15 years of credit experience, with specific credit experience related to European-based Project Finance or Infrastructure Finance.
- Proven leadership skills with the ability to develop, coach and manage a team.
- Degree in business, economics, engineering or a related discipline.
- Solid power sector, infrastructure and financial markets knowledge.
- Excellent communication skills, both oral and written.
- Strong team player with demonstrated ability to work interactively in a team environment.
- Corporate finance and financial statement analytical ability.
- Experience in review of contracts and debt financing agreements.
- Experience in the evolving sectors such as digital infrastructure in Europe is a strong asset.
- Previous rating agency experience is a strong asset.
- Completion of the CFA or MBA program is an asset.
- Willingness to travel as required.
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.
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