The Senior Analyst will support lead analysts in the credit rating process, conduct analysis, maintain methodologies, and assist with client management and presentations.
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
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.
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.
R09_DBRSRtgsGmbHGermany DBRS Ratings GmbH - Germany Legal Entity
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 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 field
- Minimum 3+ years' experience in structured finance, investment banking, or credit risk/credit funds
- Strong interest in securitization and advanced financial analysis
- Advanced Excel; proficient in Word, PowerPoint, Outlook
- Excellent written and verbal communication skills in English
- Analytical, detail-oriented, and able to manage competing priorities
- Proactive, adaptable, and collaborative self-starter
- Curious, creative thinker confident in forming and defending opinions
Nice to Have
- Fund finance experience
- Knowledge of analytical programming language (VBA, Python etc.)
- Fluency in European languages
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.
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.
R09_DBRSRtgsGmbHGermany DBRS Ratings GmbH - Germany Legal Entity
Top Skills
Excel
Outlook
PowerPoint
Python
VBA
Word
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