About The Role
Morningstar DBRS’ European Structured Finance team is seeking a Senior Analyst to join the Structured Credit team in Madrid. In this role, you will support lead analysts in the credit rating process by helping to assign and monitor ratings, develop research, and maintain methodologies for investment fund debt, subscription loan facilities, collateralised loan obligations (CLOs), corporate securitisations, and bespoke opportunities. This position serves as a steppingstone to becoming a lead analyst, offering hands-on experience and direct exposure to transactions and rating criteria.
Job Responsibilities
- Support the lead analyst responsible for assigning new credit ratings by conducting parts of the analysis and helping with admin processes
- Support credit ratings surveillance for existing ratings
- Assist in client 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
- Contribute and support other team member with writing 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
Bachelor’s degree in Finance, Economics, Financial Engineering, or related fieldMinimum 3+ years’ experience in structured finance, investment banking, or credit risk / credit fundsStrong interest in securitization and advanced financial analysisAdvanced Excel; proficient in Word, PowerPoint, OutlookExcellent written and verbal communication skills in EnglishAnalytical, detail-oriented, and able to manage competing prioritiesProactive, adaptable, and collaborative self-starterCurious, creative thinker confident in forming and defending opinionsNice to Have
Fund finance experienceKnowledge of analytical programming language (VBA, Python etc.)Fluency in European languagesAbout 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.
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