Analyst (Mumbai)
The Team: The Cash Flow Analytics Team is a global team that supports Analytical Personnel in the Global Structured Finance Group by providing Cash Flow Analysis that may be used as part of the analysis to support rating(s) and other credit opinions assigned and monitored, when warranted. This support may include the development of Cash Flow Engine Software.
The Role: We are looking for solid individual contributors with good problem solving, analytical thinking in the Cashflow Analysis of Mortgage backed securitization. The candidate should have experience in Python and VBA. This role will provide unique opportunities for mastering the key aspects of our business including in-depth cash flow and deal analysis. You will be part of the Global Cashflow Analytics team.
The Analyst will also help enhance work optimization tools, cash flow analysis tools, and credit models by working with SQL, VBA/VB Script, Intex API, Python, and other development tools. With the evolving business needs and development tools, a desire to learn and an ability to learn quickly is critical for success in this role.
Responsibilities
+ Develop and maintain cash flow engines in Intex Dealmaker, Excel, and Python.
+ Review related legal documents like Prospectus and PPM.
+ Maintain and enhance Python projects that review the portfolio's cash flow output on a monthly basis.
+ Support administrative tasks related to cash flow engine procedures.
+ Analyze the credit risk in residential mortgage-backed securities by performing tasks that include modeling cash flows, reviewing legal documentation and maintaining the software code base of Structured Finance products
+ Participate actively in the design and build phases, to aim at producing high quality deliverables.
Requirements
+ Academic background in mathematics, statistics, engineering or other quantitative discipline.
+ A Masters, CFA or accounting designation (enrolment or completion); completed a bachelor (or equivalent) degree in a subject such as finance, financial engineering, or similar quantitative discipline.
+ Advanced knowledge of Python or Excel / VBA functionality;
+ 0-3 years of Structured Finance experience, experience at a rating agency is a plus.
+ Familiarity with structured products market and technical expertise in using fixed income analytical software such as Intex (Dealmaker, Calc, Wrapper);
+ Self-starter and team player with demonstrated ability to work in a fast-paced environment.
+ Strong quantitative and analytical abilities, with a high attention to detail.
+ Excellent written/verbal communication and interpersonal skills.
+ Knowledge of SQL R, Matlab, C++/C# is a plus.
Morningstar DBRS 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 work remotely and collaborate in-person each week. While some positions are available as fully remote, we've found that we're at our best when we're purposely together on a regular basis, typically three days 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.
R11_DBRSRatingsGmbHIndia DBRS Ratings GmbH, Branch India Legal Entity
