CMBS Structured Finance (SF) Senior Analyst (Mumbai)
The Team : DBRS Morningstar is a global credit ratings business with about 800 employees in eight offices globally. Formed through the acquisition of DBRS by Morningstar, Inc., the credit ratings business is the fourth-largest provider of credit ratings in the world. DBRS Morningstar is committed to empowering investor success, serving the market through leading-edge technology, and raising the bar for the industry. DBRS Morningstar is a market leader in Canada, the U.S. and Europe in multiple asset classes. DBRS Morningstar rates more than 4,000 issuers and 56,000 securities worldwide, and is driven to bring more clarity, diversity, and responsiveness to the ratings process. Visit https://www.dbrsmorningstar.com/learn/dbrsmorningstar to learn more.
About the Role : DBRS Morningstar CMBS team is looking for candidate with good problem-solving skills and analytical thinking in the securitization space with experience in the credit rating process and basic understanding of SQL/VBA. Knowledge on Python is a plus. This role will provide unique opportunities for mastering the key aspects of our credit ratings business including in-depth collateral and deal analysis. This candidate will also be responsible for conducting quantitative and qualitative analysis on the underlying loans and properties that collateralize Commercial Mortgage-Backed Securities transactions. In addition, will assist the onshore team with setting up Net Cash flow models; assist with special projects/initiatives, as needed. This position is based in our Navi Mumbai office.
Responsibilities
- Analyze the credit risk in SF securities by performing tasks that includes reviewing deal documents, analyzing periodic data and setting up net cashflow templates.
- Collect, organize and analyze data from internal and external sources for use in criteria development, ratings and research reports.
- Accurate and timely retrieval, analysis, research and reporting of CMBS pool level and property level performance, including:
- Identifying and analyzing risky assets based upon qualitative and quantitative factors
- Identifying macro and micro risk factors, including market, property type, tenant, and borrower, to determine and measure exposure within the CMBS pools and loan portfolios.
- Monitoring, analysis, and executive summary reporting on CMBS transactions, including an investigation of potential default or loss scenarios for underlying real estate loan collateral.
- Compile and prepare periodic portfolio reports for use by senior staff and identify material changes for research causes.
- Ideate or support Research thematic or recurring publication Publications
- Maintain regular and open communication with the operations team and technology team about assigned tasks, priorities and ensure applications under development meet the defined requirements and pass the user acceptance testing prior to its release.
- Take ownership of the tasks with focus on quality and accuracy of the deliverables
- Demonstrate strong learning curve and eagerness to move up the rating value chain
- Manage a team of analysts that create content/support analysis for DBRSM ratings.
- Understand priorities and organize team workload based on business requirements
- In consultation with regional manager, guide team members to develop competencies and actively communicate with the team to support talent development
- Supervise the team in credit analysis to support the required product in a detailed manner.
- Manage a growing portfolio of products; prioritize work, identify dependencies, and help resolve blocking issues
- Oversee projects and coordinate across all stakeholders to ensure the right resources are in place to deliver on key milestones
Ensure compliance with regulatory and company policies and procedures
Requirements
- 4-7 years of experience in a credit research domain, with knowledge of CMBS, experience at a rating agency is a plus.
- Masters degree in finance, CFA or CFA program enrollment are a plus
- Fluent in English, with good verbal and written communication skills
- Strong attention to detail and accuracy
- Highly motivated, self-starter who is keen to learn, has a positive attitude and a strong work ethic
- Ability to manage multiple tasks at the same time and deliver results in a timely manner
- Good interpersonal skills and ability to participate/ contribute as a team player
- Experience with Intex, REIS and CBRE is a plus
Morningstar is an equal opportunity employer.
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.
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