Job Description
Assistant Vice President Asset Backed Securities - Commercial Esoteric & New Assets
Posted 2 Hours Ago
Be an Early Applicant
New York NY USA
Hybrid
100K-500K Annually
Mid level
Artificial Intelligence • Big Data • Enterprise Web • Fintech • Software • Financial Services
Empowering Investor Success
The Role
The Assistant Vice President will conduct analysis and support senior analysts in assigning ratings for U.S. ABS transactions focusing on various asset classes. Responsibilities include performance analysis cash flow modeling and legal document review while collaborating with issuers and internal teams.
Summary Generated by Built In
About the Role
The Morningstar DBRS U.S. ABS team is seeking a ratings analyst with strong quantitative and analytical skills at the Assistant Vice President level to support the Commercial ABS platform. The role is based in New York New York as part of the Global Structured Finance team. The successful candidate will primarily under the direction of lead analysts and sector leadership conduct analytical activities required to assign and monitor ratings for U.S. ABS transactions backed by equipment loans & leases data centers franchise/whole business securitizations and other emerging asset classes.
Responsibilities include collateral and obligor assessment performance data analysis cash flow and structural analysis operational and counterparty risk assessment and legal document review. The role offers exposure to highly structured transactions and evolving asset types in a collaborative client‑facing environment.
The candidate should demonstrate strong work ethic analytical rigor attention to detail and the interpersonal skills necessary to work effectively with internal stakeholders and external market participants. This role provides meaningful opportunities to build expertise in commercial and esoteric ABS and develop greater transaction leadership responsibility.
Job Responsibilities
Qualifications
Nice to Have
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 4000 issuers and 60000 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:
Base Salary Compensation Range
$97854.00 - 157938.00 USD Annual
Incentive Target Percentage
20% 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 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.
R06_DBRSInc DBRS Inc. - US Legal Entity
The Morningstar DBRS U.S. ABS team is seeking a ratings analyst with strong quantitative and analytical skills at the Assistant Vice President level to support the Commercial ABS platform. The role is based in New York New York as part of the Global Structured Finance team. The successful candidate will primarily under the direction of lead analysts and sector leadership conduct analytical activities required to assign and monitor ratings for U.S. ABS transactions backed by equipment loans & leases data centers franchise/whole business securitizations and other emerging asset classes.
Responsibilities include collateral and obligor assessment performance data analysis cash flow and structural analysis operational and counterparty risk assessment and legal document review. The role offers exposure to highly structured transactions and evolving asset types in a collaborative client‑facing environment.
The candidate should demonstrate strong work ethic analytical rigor attention to detail and the interpersonal skills necessary to work effectively with internal stakeholders and external market participants. This role provides meaningful opportunities to build expertise in commercial and esoteric ABS and develop greater transaction leadership responsibility.
Job Responsibilities
- Support senior analysts as part of deal teams on Commercial ABS transactions focused on digital infrastructure and new asset classes
- Analyze historical performance data collateral characteristics obligor and counterparty risk and transaction structures
- Assist in preparing analytical materials and transaction summaries for internal discussions and rating committee review
- Work with the cash flow modeling team to analyze transaction structures and stress scenarios for rating analysis
- Review transaction legal documentation and identify key structural operational and legal considerations
- Participate in discussions with issuers bankers and other transaction participants regarding data requests and analytical considerations
- Assist in the preparation of rating committee materials credit memoranda and analytical presentations
- Support the drafting of disclosure documents including pre‑sale reports rating reports press releases and regulatory disclosures
- Work with the ABS Surveillance team to monitor performance of outstanding transactions and support ongoing rating maintenance
- Coordinate with internal teams (modeling legal research) to support credit rating analysis and research initiatives
- Adhere to internal procedures analytical standards and regulatory compliance requirements
Qualifications
- Bachelor's degree in finance mathematics economics computer science engineering or a related field
- 4-7 years of experience in structured finance credit analysis or securitization
- Exposure to commercial esoteric assets or developing asset classes preferred.
- Proficiency in Microsoft Excel and Microsoft Office applications
- Solid understanding of credit analysis structured finance concepts and transaction mechanics
- Strong quantitative and analytical skills with close attention to detail
- Effective written verbal and interpersonal communication skills
- Self‑motivated organized and able to manage multiple priorities in a fast‑paced environment
Nice to Have
- Master's degree in finance mathematics economics computer science engineering or a related field
- Familiarity with cash flow modeling
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 4000 issuers and 60000 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
- 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-$2000 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
- Leadership Coaching & Formal Mentorship Opportunities
- Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
- 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
$97854.00 - 157938.00 USD Annual
Incentive Target Percentage
20% 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 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.
R06_DBRSInc DBRS Inc. - US Legal Entity
Skills Required
- Bachelor's degree in finance mathematics economics computer science engineering or a related field
- 4-7 years of experience in structured finance credit analysis or securitization
- Proficiency in Microsoft Excel and Microsoft Office applications
- Solid understanding of credit analysis structured finance concepts and transaction mechanics
- Strong quantitative and analytical skills with close attention to detail
- Effective written verbal and interpersonal communication skills
- Self‑motivated organized and able to manage multiple priorities in a fast‑paced environment
What the Team is Saying
Morningstar Compensation & Benefits Highlights
- Leave & Time Off Breadth—Time away options include a paid six‑week sabbatical every four years and flexible time off in North America with broad usage reported in 2024. Feedback suggests these programs are a distinctive strength by market standards.
- Parental & Family Support—A global minimum beginning in 2025 provides at least 16 weeks paid leave for primary caregivers and up to 8 weeks for secondary caregivers plus at least 6 weeks paid caregiving leave. This breadth positions family support as a clear pillar of the package.
- Equity Value & Accessibility—An optional Shared Ownership program lets employees direct part of a bonus into RSUs with a 50% company match. This structure adds a notable long‑term ownership component to total rewards.
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The Company
HQ: Chicago IL
11500 Employees
Year Founded: 1984
What We Do
At Morningstar we believe in building great products in-house in a highly collaborative agile environment where we focus on technical excellence the user experience and continuous improvement. Our technologists represent a range of skills and experience levels but they all view their work as a craft and push technology’s boundaries.
Why Work With Us
Imagining big things is in our blood -- it's transformed us from a company with just a few employees in 1984 to a leading independent investment research company with a worldwide presence today. As of April 2020 we acquired Sustainalytics to drive long-term meaningful outcomes for investors in the ESG space. Join us on this exciting journey!
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Date Posted
05/14/2026
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