Morningstar DBRS is seeking a Senior Analyst to join its Private Corporate Credit team. This role combines financial data analytics, leveraged finance research, and credit analysis, with an emphasis on sourcing, analyzing, and transforming complex financial and economic data into meaningful insights for investment professionals.
Working closely with senior analysts and management, you will contribute to the development of high-quality leveraged finance research through data analysis, quantitative tools, and financial modeling. You will also gain exposure to assessing the creditworthiness of small to medium-sized, highly leveraged companies, with opportunities to take on greater credit analysis and ratings responsibilities over time.
What you'll be doing:
- Source, validate, organize, and analyze financial and economic data across multiple platforms to support leveraged finance research and credit analysis.
- Design, develop, and maintain data structures and analytical tools using Excel, Python, SQL, and other platforms to support financial research, quantitative analysis, and ongoing credit surveillance.
- Develop informative charts, tables, and data visualizations that contribute to timely, high-quality leveraged finance research and credit publications.
- Apply quantitative methods, including time-series and cross-sectional data analysis, to identify trends and generate insights across financial markets and leveraged finance.
- Support the credit analysis and ongoing surveillance of a portfolio of small to medium-sized, highly leveraged companies, including reviewing financial statements and assessing credit fundamentals.
- Assist in preparing rating committee materials, developing credit recommendations, and participating in rating committee discussions.
- Build and maintain relationships with market participants, including lenders, investors, and bankers, to support market intelligence and credit research.
- Help manage and monitor a broad portfolio of credits while identifying opportunities to improve analytical processes, data management, and workflows.
What we're looking for:
- Two to four years of relevant professional experience in financial data analytics, quantitative research, corporate credit analysis, leveraged finance, corporate lending, or a related analytical discipline.
- Bachelor's degree in finance, economics, business, data analytics, or a related field. Progress toward the CFA designation is a plus.
- Strong financial and quantitative analytical skills, including experience working with financial statements, economic data, and large financial datasets.
- Experience with time-series and cross-sectional data analysis, with an interest in applying quantitative methods to financial markets and credit research.
- Advanced proficiency in Microsoft Excel, along with strong working knowledge of Python and SQL for financial data analysis, manipulation, and reporting.
- Familiarity with data visualization tools such as Tableau is a plus.
- Experience using AI platforms such as Microsoft Copilot or Claude to support research, data analysis, or workflow efficiency is preferred.
- Strong written and verbal communication skills, with the ability to translate complex financial data into clear, actionable insights.
- A proactive, collaborative approach, strong attention to detail, and the ability to manage multiple priorities in a fast-paced environment.
The Group:
Our Private Corporate Credit team focuses on assessing the creditworthiness of middle-market and highly leveraged companies within the evolving private credit market.
Through fundamental credit analysis, financial data, and ongoing research and surveillance, the team provides insights into borrower performance, credit trends, and emerging risks to support informed investment and lending decisions.
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.
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
Financial Health
100% 401k match up to 6% of salary
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
Physical Health
Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
Additional medical Wellness Incentives - up to $300-$600 annual
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 & Formal Mentorship Opportunities
Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
Tuition Reimbursement
Social Health
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups
Total Cash Compensation Range
$92,000.00-115,816.66Inclusive of annual base salary and target incentive
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.
R06_DBRSInc DBRS, Inc. - US Legal EntityMorningstar Chicago, Illinois, USA Office
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Morningstar’s Chicago office is the company’s headquarters, bringing together teams across research, technology, product, sales, corporate functions, and more. Employees work in a mission-driven culture shaped by independent thinking, openness, and fact-based decision-making, with the energy of a downtown location and opportunities to connect across teams.
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Software engineers at Morningstar build and maintain the applications that power the firm's work, and they do it in a culture built on independent thinking, evidence-based decisions, and continuous learning. Engineers are trusted to bring their own perspective and judgment to how the work gets done. That's not incidental to the culture here; it's central to it.
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Product managers at Morningstar sit at the center of decisions that shape what gets built, and how it works. In Chicago, product managers work across areas including Credit Ratings; Data, Analytics & Research; Indexes; Investment Management & Services; and Corporate. Product managers are trusted to define what problems are worth solving and bring their own judgement to every stage of the process.
Research
Research at Morningstar spans markets, asset classes, and disciplines, all connected by the same purpose: give investors what they need to make confident decisions. Our independent research covers equities, managed investments, fixed income, alternatives, private markets, ESG and climate, and credit ratings. Analysts bring their own judgment to complex questions, and that independence is central to how the work gets done.
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