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Senior Vice President, CLO & Structured Credit Ratings

Morningstar · New York, United States · 2 days ago
Finance$149k–$236k/yrFull-time

The Role

Morningstar DBRS is seeking a senior CLO and structured credit professional to lead ratings analysis for CLOs, CLO warehouses, feeder fund debt, secured facilities, and other structured credit transactions. This role will include exposure to both broadly syndicated and middle-market/private credit-related transactions, with an emphasis on analytical leadership, client engagement, transaction feasibility, credit committee presentation, research, and mentoring junior analysts.

Job Responsibilities

  • Assign new credit ratings to CLO and esoteric Structured Credit transactions.

  • Prepare for and lead management meetings and maintain issuer/client relationships.

  • Lead external client calls to discuss methodologies and transaction proposals.

  • Prepare and present detailed discussion and committee memos for US SC credit rating committees.

  • Author pre-sale and new issue credit rating reports, among other relevant disclosures.

  • Conduct analysis on the fund manager’s capabilities and track record, the fund investment portfolio, transaction capital structure, and legal documents.

  • Assess legal, regulatory, counterparty and other risks related to US SC credit ratings.

  • Prepare and present new transactions to senior members of the Structured Finance team to determine feasibility and methodology application.

  • Support the expansion of the US SC team by championing projects and initiatives.

  • Mentor junior analysts.

  • Write research and participate in webinars, investor meetings and conferences.

  • Collaborate with other Morningstar DBRS credit teams to support credit rating surveillance, analysis, administration and research.

  • Adhere to compliance, regulatory and company policies and procedures.

Qualifications

  • Undergraduate degree in finance, accounting, business, economics or related discipline is required.

  • 7+ years’ relevant experience, with experience in structuring or analyzing CLOs, rated warehouses and CLO-like financing facilities.

  • Other relevant experience could include: Funds, BDC or private credit ratings-related work, Investment banking or legal counsel focusing on funds-related work, Credit risk management function focusing on credit funds, or other relevant experience as a market participant.

  • Strong interest in credit funds, BDCs, CLOs, private credit and/or private equity encouraged.

  • Proficiency in Microsoft Office suite, with advanced skills in Excel, such as building complex formulas or models, pivot tables and graphs.

  • Solid research and analytical skills, with acute attention to detail.

  • Strong verbal and written communication skills to prepare clear and concise committee materials and reports in proper and professional etiquette.

  • Willingness and ability to learn new analytical approaches proactively.

  • Self-starter with ability to prioritize and complete critical work quickly, independently and with a sense of urgency.

  • Ability to work in a fast-paced environment, multi-tasking to meet multiple deadlines.

  • Must be a team player with strong interpersonal skills with the ability to motivate team members to produce timely and accurate work product.

Nice To Have

  • Rating agency experience for a smoother transition into the nuances and rigors of the rating processes and understanding credit rating methodologies.

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

  • Base Salary Compensation Range: $149,357.00 - $236,166.33

  • Incentive Target Percentage: 40%

  • Financial Health: 100% 401k match up to 6% of salary

  • 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 Leave, Adoption Assistance

  • Ledership Coaching & Formal Mentorship Opportunities

  • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses

  • Tuition Reimbursement

  • Dollars for Doers volunteer program

  • Paid volunteering days

  • 15+ Employee Resource & Affinity Groups

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