Job Description
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New York NY USA
Hybrid
100K-500K Annually
Senior level
Artificial Intelligence • Big Data • Enterprise Web • Fintech • Software • Financial Services
Empowering Investor Success
The Role
The Assistant Vice President will analyze and assign ratings for US RMBS collaborate with teams and engage with market participants leveraging strong quantitative skills and experience in structured finance.
Summary Generated by Built In
The Morningstar DBRS U.S. RMBS team is seeking an Assistant Vice President to support the analysis and assignment of credit ratings for U.S. residential mortgage‑backed securities (RMBS). This role offers the opportunity to deepen your structured finance expertise work closely with senior analysts and interact with external market participants in a collaborative and analytical environment.
The ideal candidate brings strong quantitative skills excellent attention to detail and experience working with structured finance or mortgage‑related products. This position is based in New York.
Key Responsibilities
Core Analytical Work
Committee & Internal Collaboration
Modeling & Methodology
Research & Publications
External Engagement
Qualifications
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
$97854.00-137910.00
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 ideal candidate brings strong quantitative skills excellent attention to detail and experience working with structured finance or mortgage‑related products. This position is based in New York.
Key Responsibilities
Core Analytical Work
- Conduct RMBS transaction analysis including assessment of collateral characteristics deal structures credit enhancement levels and legal frameworks.
- Identify and focus on key credit issues during the new‑issue rating process.
- Review and evaluate banker cash‑flow model outputs providing feedback on structural assumptions.
Committee & Internal Collaboration
- Serve as a co‑lead or back‑up analyst on selected transactions.
- Present analytical findings to rating committees with clarity and confidence.
- Collaborate with senior analysts to ensure accurate and consistent application of criteria.
Modeling & Methodology
- Contribute to the enhancement of structured finance criteria models and analytical tools.
- Perform sensitivities transaction comparisons and stress‑testing tasks under the guidance of senior team members.
Research & Publications
- Produce and publish market updates newsletters or concise commentary with minimal supervision.
External Engagement
- Participate in meetings with bankers issuers investors and other market participants to discuss transaction details and analytical considerations.
- Represent the team professionally in all client‑facing interactions.
Qualifications
- Bachelor's degree in finance economics math engineering computer science or a related field.
- 5-7 years of experience in structured finance securitization banking mortgage finance or a relevant analytical role.
- Strong analytical and quantitative abilities with excellent attention to detail.
- Proficiency in Microsoft Excel and standard Office applications.
- Organized deadline‑driven and comfortable managing multiple priorities.
- Strong communication and presentation skills with the ability to convey complex concepts clearly.
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
$97854.00-137910.00
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 economics math engineering computer science or related field
- 5-7 years of experience in structured finance securitization banking mortgage finance or related analytical role
- Strong analytical and quantitative abilities with excellent attention to detail
- Proficiency in Microsoft Excel and standard Office applications
- Strong communication and presentation skills
What the Team is Saying
Morningstar Compensation & Benefits Highlights
- Leave & Time Off Breadth—A recurring paid sabbatical combined with flexible time off in North America and regionally set PTO provides substantial time-away flexibility. Paid volunteer days further broaden the time-off offering.
- Parental & Family Support—A global minimum of paid parental leave for primary and secondary caregivers along with paid caregiving leave signals strong family support. Adoption-assistance reimbursement adds another layer of care for growing families.
- Retirement Support—Retirement programs include employer matching or fixed contributions and free access to Morningstar retirement-planning tools. These elements support long-term savings alongside the broader total-rewards package.
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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
06/05/2026
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