Analyst, RMBS Mumbai

Structured Finance Analyst (Mumbai)

About Us: Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and structured finance instruments globally. Currently with 700 employees in eight offices globally. Formed through the July 2019 acquisition of DBRS by Morningstar, Inc., the ratings business is the fourth-largest provider of credit ratings in the world.

Morningstar DBRS is committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry. Morningstar DBRS is a market leader in Canada, the U.S. and Europe in multiple asset classes.

Morningstar DBRS rates more than 4,000 issuers and 60,000 securities worldwide and is driven to bringing more clarity, diversity of opinion, and responsiveness to the ratings process. Morningstar DBRS approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources.

Visit: https://dbrs.morningstar.com/ to learn more.

About the Role: As a member of the Structured Finance team, you will conduct thorough quantitative and qualitative research on the underlying loans and/or properties that collateralize Asset or Mortgage Backed Securities transactions. In addition, you will assist the onshore team with setting up templates and reports; assist with special projects/initiatives, as needed. With some seasoning, you will be expected to have thorough understanding of the asset class and support on various other task across the ratings value chain. This position is based in our Navi Mumbai office.

Responsibilities

• Analyze the credit risk in Structured Finance securities by performing tasks that include reviewing deal documents, analyzing periodic data and setting up 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 pool level and/or property level performance, including:

• Identifying and analyzing risky assets based upon qualitative and quantitative factors

• Identifying macro and micro risk factors to determine and measure exposure within the securitized pools.

• Monitoring, analysis, and reporting on Structured Finance transactions, including an investigation of potential default or loss scenarios for underlying collateral.

• Compile and prepare periodic portfolio reports for use by senior staff and identify material changes for research causes.

• 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.

• Understand the domain and implement quick fix solutions to align the development activities with dynamic business needs 

• 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

• Ensure compliance with regulatory and company policies and procedures

Requirements

• Postgraduate in Finance or CA or CFA charter holder or such equivalent qualification

• 2 to 3 years of experience in a credit research domain, with Structured Finance knowledge, experience at a rating agency is 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 inter-personal skills and ability to participate/ contribute as a team player

Morningstar is an equal opportunity employer.