Senior Analyst - European ABS

DBRS Morningstar European Structured Finance team is looking for a securitisation analyst at Senior Analyst (SA) level to be based in the European Union (i.e. Frankfurt, Germany or Madrid, Spain). The successful candidate will act as rating analyst in assigning ratings for European ABS ratings. Candidates should be willing to work in an environment with strong focus on team-work, have a strong work ethic, an analytical mindset and attention to detail. The successful candidate will possess the interpersonal and presentation skills necessary to work with all levels of professional and executive staff as well as external contacts and counterparties.

The role offers a unique opportunity to develop European Structured Finance experience in a dynamic client-facing environment.

Job responsibilities :

• Act as lead and / or backup analysts in the assignment of Morningstar DBRS ratings to European ABS transactions and, occasionally, transactions in other European structured finance asset classes, such as Structured Credit (including CDOs, CLOs and fund ratings), RMBS and Covered Bonds;
• Act as lead and / or backup analysts in the surveillance and monitoring of Morningstar DBRS ratings in Europe;
• Conduct credit analysis utilising Morningstar DBRS rating methodologies and / or analytical tools;
• Conduct and / or support the conduction of periodic review of rating methodologies and / or lead the improvement of Morningstar DBRS rating methodologies and processes;
• Support other analysts and team leaders in administrative work, filing and record retention requirements;
• Study recent performance trends for transactions including, among others : credit enhancement, delinquencies, cumulative defaults, recoveries, prepayments, seasoning, excess spread and changes in collateral characteristics;
• Draft analytical documents, such as rating reports, press releases and research;
• Collaboration with other Morningstar DBRS teams / analysts (including the European Surveillance Team), supporting analysts in the maintenance of existing ratings;
• Assess transaction amendments / restructurings;
• Draft new rating committee memos summarising the analysis and recommending a rating action;
• Summarise and present in an effective and comprehensive way rating and / or quantitative analysis, research and / or any other rating related analysis or research;
• Understand and comply with all applicable policies and procedures.

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 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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