VP, Funds and subscription loans ratings

About the Role
Vice President to support the Funds credit ratings team, which is part of the European Structured Credit team.
European Structured Credit (SC) is a credit rating analytics team that assigns and monitors credit ratings, develops research and maintains credit rating methodologies for investment fund debt, subscription loan facilities, collateralised loan obligations (CLOs), other corporate securitisations and bespoke credit rating opportunities.

Job Responsibilities

• Lead analyst responsible for assigning new credit ratings.

• Support credit ratings surveillance for existing ratings.

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

• Participate in external client calls to discuss methodologies and transaction proposals.

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

• Draft credit rating letters, press releases, presale reports and rating reports.

• Conduct portfolio analysis using Morningstar DBRS developed predictive models.

• Assess legal, regulatory, counterparty and other risks related to European 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 Funds team by championing projects and initiatives.

• Mentor junior analysts.

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

• Respond to client and colleague inquiries regarding methodologies, analysis and research.

• Coordinate with other teams to support credit rating analysis, administration and research.

Qualifications

• Completed a bachelor's degree.

• 7+ years' relevant experience, which could include:

  • Fund financing or subscription lines credit ratings-related work including strong understanding of documentation and key risks in the fund financing products;

  • Structured Finance experience a plus;

  • Investment banking or legal counsel focusing on funds-related work;

  • Credit or counterparty risk management focusing on credit funds, or

  • Other relevant experience as a market participant

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

• Advanced knowledge and practical skills in using Microsoft Excel, Word, PowerPoint and Outlook.

• Excellent written and oral communication skills.

• Demonstrated analytical abilities, with a high attention to detail and producing high quality work.

• Willingness and ability to learn new analytical approaches proactively.

• Willingness and ability to think creatively.

• Curiosity to develop new applications and to perform complex analyses.

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

• Capable of developing independent opinions and defending own views.

• Professional, pro-active, flexible, diligent and dependable.

• Must be team player with strong interpersonal skills.

• Ability to work on own initiative, without the need for close supervision.

Nice to Have

• Knowledge of analytical programming language (VBA, Python etc.) is a plus.

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.