Credit Track - Morningstar Development Program

• Develop an understanding of credit aspects of transactions
• Review legal documents pertaining to transactions
• Conduct research on various credit-related topics and produce summaries of findings
• Gather clean and analyze data for use in ratings methodology development and external research publication
• Develop maintain and improve cash flow engines

• Act as a back-up analyst on transactions and present to rating committee
• Communicate analysis to senior staff and colleagues on related teams
• Support in criteria development and enhancement of models
• Assist with adherence to procedures and regulatory compliance
• Prepare compliance reports and company publications

• Review and apply rating methodologies to transactions
• Participate in meetings with bankers investors and originators
• Follow summarize and share research and presentations of outside market participants

• The ABS team is responsible for rating and monitoring bonds and bank credit facilities secured by auto loans and leases credit cards consumer loans etc.

• The RMBS team is focused on assigning ratings for structured finance transactions in the residential mortgage product area.
• The Private Corporate Credit group is responsible for assigning and maintaining ratings of private middle-market companies spanning the diversified industries space.
• The Structured Credit team is responsible for assigning ratings to US collateralized loan obligations (CLOs) CLO warehouse facilities and off-the-run structured credit transactions.
• The Surveillance team is responsible for monitoring a portfolio of ratings for structured finance transactions across different asset classes.
• Cash Flow Analytics works on developing maintaining and improving cash flow engines within Structured Finance.

• The FIG team is responsible for assigning and maintaining ratings of financial institutions globally as well as their associated debt instruments.
• The Sovereign team is responsible for assigning and maintaining ratings of sovereign governments government related entities and supranational institutions.

• Between 0-2 years of professional work experience.
• A bachelor's degree completed no later than May 2026 in accounting business finance or other relevant discipline preferred.

• Strong analytical abilities and knowledge of financial statements.

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

• Strong communication skills both oral and written.

• Self-starter and strong team player with the ability to meet deadlines while producing high quality work.

• Genuine interest in the private credit market commercial real estate and structured finance.

• Must possess unrestricted right to work in the U.S. in this position

• 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

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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