Overnight Morningstar Development Program Jobs in Montclair, NJ

U.S. RMBS Credit Ratings, Vice President – New York

Morningstar DBRS is seeking a ratings analyst with strong quantitative and analytical skills to join the Global Structured Finance group on the U.S. RMBS Credit Ratings team as a Vice President in New York. The successful candidate will primarily conduct all the activities required to assign new ratings for U.S. RMBS transactions, including collateral assessment, cash flow analysis, third‑party due diligence, and legal document reviews. The candidate should be willing to work in an environment with a strong focus on teamwork, have a strong work ethic, an analytical and quantitatively oriented mindset, and pay attention to detail. The successful candidate will possess the interpersonal, presentation, and communication skills necessary to work with all levels of professionals, executives, and external contacts. The role offers wide opportunities to develop structured finance experience in a client‑facing environment.

Job Responsibilities

• Act as a lead analyst on structured finance transactions and present analysis to the rating committee.
• Perform transaction analysis including analysis of collateral, deal structure, and legal issues.
• Focus on key credit issues during the new‑issue rating process.
• Test cash flows to confirm accuracy and robustness of cash flow models.
• Conduct scenario and sensitivity analyses and communicate results to senior staff and colleagues.
• Conduct analysis to evaluate the credit profile of securities and review related legal documents.
• Participate in criteria development and enhancement of structured finance models.
• Produce and publish industry commentaries and newsletters.
• Build and maintain relationships with bankers, investors, and originators.

Qualifications

• Completion of bachelor’s degree in finance, math, economics, computer science, engineering, or a related field.
• 5+ years of experience in structured finance.
• Proficiency in Microsoft Excel and Microsoft Office programs.
• Robust understanding of credit and legal aspects of structured finance transactions in the residential mortgage product area.
• Strong quantitative and analytical skills with a high attention to detail.
• Excellent written and verbal communication and interpersonal skills.
• Self‑starter and team player with demonstrated ability to work in a fast‑paced environment.
• Personable, eager to learn, organized, deadline‑driven, and systems oriented.
• Familiarity with structured products market and technical expertise in using fixed‑income analytical systems such as Intex (Deal‑Maker, Calc) and Bloomberg.
• Nice to have: Master’s degree in finance, math, economics, computer science, or a related field.
• Nice to have: VBA, Python, or other basic programming skills.

Compensation & Benefits

• Base salary compensation range: $113,308.00 – $178,794.66
• Incentive target percentage: 30% annually
• Financial Health
  • 100% 401(k) match up to 6% of salary
  • Stock ownership potential
  • Company‑provided life insurance – 1× salary + commission
• Physical Health
  • Comprehensive health benefits (medical/dental/vision) with potential premium discounts and company‑provided HSA contributions (up to $500–$2,000 annually)
  • Additional medical wellness incentives – up to $300–$600 annually
  • 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 and formal mentorship opportunities
• Annual flex stipend – $1,000 annually to cover personal education and well‑being expenses
• Tuition reimbursement
• Social health
  • Charitable matching gifts program
  • Dollars for Doers volunteer program
  • Paid volunteering days (15+)
  • Employee resource and affinity groups

EEO Statement

Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions— recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters—without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.