Analyst, Credit Ratings - Structured Finance (RMBS, ABS, SME-CLO)

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Analyst, Credit Ratings - Structured Finance (RMBS, ABS, SME-CLO)

junior · Corporate Finance

About the role

Morningstar DBRS's European Structured Finance team is looking for a Securitisation Analyst at the Analyst level to join their team in Frankfurt.

This is an excellent opportunity for a highly analytical and detail-oriented professional to develop expertise in structured finance within a collaborative and dynamic environment. The successful candidate will possess strong communication and presentation skills and be comfortable engaging with colleagues, senior management, and external stakeholders.

Job Responsibilities

• Assist surveillance lead analysts on a portfolio of credit ratings of European structured finance transactions, RMBS, ABS and/or SME-CLOs, rated by Morningstar DBRS;
• Review surveillance performance analytics reports generated by the data team in accordance with established policies and procedures;
• Conduct portfolio credit analysis utilising Morningstar DBRS rating methodologies and analytical tools;
• Analyse asset-liability cash flow structures using Morningstar DBRS built in cash flow engines and Intex;
• Study recent performance trends for transactions. The metrics to be evaluated include, among others: credit enhancement, delinquency, cumulative defaults, recoveries, prepayments, seasoning, excess spread and changes in collateral characteristics;
• Act as Credit Rating Committee Coordinator within the structured finance surveillance team;
• Collaborate with other European Structured Finance teams/analysts, supporting analysts in assignment of new ratings to transactions of different asset classes with a main focus on ABS and RMBS;
• Produce detailed committee memos including transaction analysis and rating recommendations;
• Write and publish press releases and market research;
• Act as a Credit Rating Analyst on a portfolio of surveillance RMBS, ABS and/or SME-CLO transactions;
• Develop and maintain analytical tools and reports for internal and external use.​

Qualifications

• Bachelor's degree (or equivalent) in Finance, Mathematics, Financial Engineering, Economics, Accounting, or a related quantitative field.
• Basic understanding of structured finance.
• Strong Microsoft Excel skills and proficiency across the Microsoft Office suite.
• Excellent written and verbal English communication skills.
• Strong analytical and problem-solving abilities with close attention to detail.
• Eagerness to learn, think creatively, and collaborate effectively within a team.
• Eligibility to live and work in the European Union.

Nice to Have / Additional Qualifications

• Master's degree, CFA, or accounting qualification (completed or in progress).
• Previous work experience or internships within financial services, particularly in securitisation, structured finance, or credit analysis.
• Knowledge of analytical programming languages and/or Tableau.
• Proficiency in an additional European language.

Base Salary Compensation Range

Bonus Target:

We expect the compensation and target bonus for this role to fall within the stated range. The specific compensation offered will depend on the candidate’s qualifications, experience, and other job-related factors.

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.