Senior Vice President, Esoteric Finance Team (ERT) at Morningstar

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As a Senior Vice President in the esoteric finance team (ERT), you will be working in a cross-functional team of senior professional responsible for reviewing areas of risk in esoteric finance. This role will be responsible for assessing if proposals present risks that DBRS Morningstar has existing methodological approaches to address. In addition, you have the opportunity to support methodological development as it needed to support EET efforts. This is anticipated while promoting consistent credit analysis within the analytical groups. This includes assisting the analytical groups with the analysis of complex and singular credits. This position is newly created and is expected to fill a key quantitative role for the team and includes responsibilities related to compiling and presenting rating performance data.
Job Responsibilities
As a part of the team, you will be exposed to various aspects of methodology development and rating process as they relate to esoteric finance. This may include (1) a leading role in the response to a query as to whether DBRS can provide a rating in a given area and (2) participating in development or review of methodologies, models and other analytics. This position gives the opportunity to interact with different teams and to present results of analytical processes to the senior stakeholders during rating and criteria committees. Other general items may include:- Leading the assessment of ABS related esoteric finance areas (including a new asset approach, whole-business, venture debt, alternative commercial obligations, co-location datacenters, cell towers, long-dated consumer debt, RMBS neoterics).- Cooperating with CPG analysts (and other Covered Personnel) in the promotion of consistency.- Conducting and cooperating with the independent review function regarding new and updated methodologies.- Coordinating with Strategic Planning managers, methodology development teams and other stakeholders.- Representing DBRS Morningstar with external stakeholders.- Communicate with the regulator, as appropriate.- Participate in key industry conferences as instructed.- Creating, populating and delivering management and board reporting.- Supporting the CCO and (to the extent applicable) the Independent Review Function with planning, managing and execution of IRF activities.
Qualifications- Completion of a Bachelor's degree in a related discipline (Economics, Accounting, Finance, Statistics, Mathematics, Quantitative Finance or related fields)- 15+ years of hands-on experience and solid skills of credit risk/securitization modeling- Experience working on complex transactions where risk area has not previously been identified by you or your organization (e.g. DBRS Morningstar).- Leadership of transactional or process oriented teams, particularly those requiring cross team collaboration.- Experience working with (using, reviewing and/or developing) credit analytics, cash flow engines, analytical tools and predictive models in a similar environment.- Strong math, logic, and problem-solving skills.- Exceptional written and oral communication skills in addition to strong presentation and relation skills.- Ability to challenge convention and technical concepts.- Able to communicate technical/complex concepts in a non-technical jargon to a diverse groups of senior stakeholders.- Enthusiasm for new challenges, using advanced techniques and creativity to find novel solutions.- Ability to manage self and others' work across several work streams on complex projects- Ability to work with a diverse group of stakeholders including business line leaders, ratings analysts and model developers/reviewers- Highly efficient and effective in sometimes stressful, fast paced environments
Nice to have• Completion of a Master's degree or higher in a technical discipline (Finance, Statistics, Mathematics, Quantitative Finance, Accounting, Law or related fields).• Working knowledge of Python data science stack (numpy, pandas, sci-kit learn, Tensorflow).• Experience with R, R Shiny and/or SAS, and/or technological solutions (e.g. Jupyter notebooks) to having electronic notebooks communicate results.• Experience at a rating agency, underwriter, lender, or investor in US ABS.• Fluency in an foreign language a plus.
About Us
DBRS Morningstar is a global credit ratings business, 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.
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 2,600 issuers and 54,000 securities worldwide and is driven to bringing more clarity, diversity of opinion, and responsiveness to the ratings process. DBRS Morningstar's approach and size provide the agility to respond to customers' needs, while being large enough to provide the necessary expertise and resources.
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22 W. Washington , Chicago, IL 60602

An Insider's view of Morningstar

What does your typical day look like?

Every day is a little different. Our team is focused on POC (Proof of Concepts). My work involves problem-solving, development and software design. I work on the Data collections team, currently most of this involves, on a high level, automating the process currently used to collect data from raw sources through Machine Learning.


Software Engineer, Data Collections - AI R&D

How does the company support your career growth?

We believe in promoting from within, based on previous impact to the team. Whenever possible, we will stretch our employees to take on expanded roles that aligns with the career progression they are interested in.


Head of Technology and Product

What are Morningstar Perks + Benefits

Morningstar Benefits Overview

At Morningstar, your contributions have meaning and can drive change. Across our 27 offices worldwide, we’ve invested in fostering a community where talented, driven people can grow. Our entrepreneurial spirit and uncompromising ethics guide everything we do. It’s all in the name of empowering investors. Morningstar is proud to offer a comprehensive benefits package to eligible, full-time employees in the United States who work a minimum of 30 hours per week. Our benefits are designed to invest in your -- and your family's well-being, including investments in your health and financial future.

Volunteer in local community
Morningstar encourages our colleagues to become involved in their communities, by providing paid time off for volunteer activities.
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Daily sync
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Morningstar encourages unconscious bias training for all employees, especially managers and hiring personal. We believe that by raising awareness of bias we can decrease its effects.
Diversity manifesto
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Morningstar offers two Flexible Spending Accounts (FSA)— one for healthcare expenses and one for dependent care expenses. You may enroll in both $ determine the contribution amount.
Disability Insurance
Dental Benefits
Our dental plan covers 100% of preventive services, 80% of basic services, and 50% of major services.
Vision Benefits
With Morningstar's vision benefits you can get an annual eye exam with an in-network provider with just a $10 copay.
Health Insurance Benefits
Morningstar continues to offer the choice of two medical plans—the Savings Plan and the Classic Plan. Both are administered by Blue Cross and Blue Shield of Illinois (BCBS).
Life Insurance
Morningstar offers 4 tiers of life insurance that offer varying benefits. Basic Life insurance is equal to 1 times an employee's annual salary.
Wellness Programs
Mental Health Benefits
Our insurance covers 80% on in-network mental health services. Our Employee Assistance Program provides no-cost, confidential, 24-hour counseling on a wide variety of issues.
Retirement & Stock Options Benefits
Take advantage of a number of Morningstar tools to help you manage your 401(k) account and your finances, including Morningstar Retirement Manager, available to you at no cost.
401(K) Matching
Morningstar provides employees with a 401(k) matching plan managed. We match $0.75 for every dollar contributed, up to a maximum of 7% of employee pay contributed to the plan each pay period.
Company Equity
Morningstar’s global employee equity benefit, Shared Ownership, enables you to take a portion of your bonus payout and exchange it for RSUs, with Morningstar providing an additional 50% match.
Employee Stock Purchase Plan
Colleagues who exceed their performance goals substantially may be eligible for Impact RSU Awards as an additional reward on top of their cash bonus/commission award.
Performance Bonus
Match charitable contributions
Morningstar's Matching GIfts program will match your charitable giving up to the local currency equivalent of $500 USD per calendar year.
Child Care & Parental Leave Benefits
Child Care Benefits
Morningstar offers the option of in-home child and elder care, in addition to the existing day care center back-up care benefit.
Generous Parental Leave
Morningstar has a global minimum of 6 weeks paid time-off to bond with new family members. This benefit applies to all individuals equally, including birth mothers, fathers, adoptive parents.
Flexible Work Schedule
Morningstar provides employees with a flexible work schedule that includes Summer hours, Work from home, Flexible start and end times.
Remote Work Program
The safety of our employees is very important to us. We have been operating remotely due to COVID-19.
Family Medical Leave
Eligible employees may take up to 12 weeks of job-protected, unpaid leave per year for certain specified reasons, and up to a total of 26 workweeks of leave to care for a family member.
Adoption Assistance
We reimburse up to 80% for eligible adoption expenses, up to $4,000 per adoption, in addition to a minimum of 6 weeks paid time off.
Return-to-work program post parental leave
Company sponsored family events
Morningstar sponsors family oriented events Annually.
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Our employees receive 2 days per year of paid volunteer time.
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Some Meals Provided
Happy Hours
Recreational Clubs
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Mentorship program
Continuing Education stipend
Time allotted for learning
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

Compensation at Morningstar is more than a salary. It’s about making positive contributions to both life and work. We give our diverse workforce the choice and flexibility they need to maintain their health, retirement plans, time, and professional growth.

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