Mumbai City, Maharashtra, India · Hybrid
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-la…
Skills: Cashflow Modeling, Credit Risk Analysis, Python, SQL, VBA
Sydney, New South Wales, Australia · Hybrid
The Team: The Australian content team is dedicated to presenting Morningstar's independent thought leadership and research to individual investors and advisers. We provide written and video commentary and podcasts to inv…
Skills: Content Creation, Investment Analysis, Writing, Data Analysis, Canva
Mumbai City, Maharashtra, India · Hybrid
As a member of the Product and Engineering team at PitchBook, you will be part of a team of big thinkers, innovators and problem solvers who strive to deepen the positive impact we have on our customers and our company e…
Skills: Core Java, Spring Boot, React JS, SQL, AWS
London, England, United Kingdom · Hybrid
$85k–$114k/yr
Morningstar DBRS (MDBRS) is seeking an experienced professional to join its Global Investor Strategy team, with responsibility for expanding relationships with key institutional investor clients, including asset managers…
Skills: Business Development, Fixed Income Sales, Relationship Management, Credit Analysis, Debt Capital Markets
Chicago, Illinois, United States · Hybrid
About Morningstar and the Individual Investor Business Morningstar’s Individual Investor business empowers investors with data, research, and tools to help them make informed financial decisions. Our flagship Morningstar…
Skills: SQL, Google Analytics, Google Ads, Looker Studio, Tableau
London, England, United Kingdom · Hybrid
$85k–$114k/yr
Morningstar DBRS (MDBRS) is seeking an experienced professional to join its Global Investor Strategy team, with responsibility for expanding relationships with key institutional investor clients, including asset managers…
Skills: Business Development, Fixed Income Sales, Relationship Management, Debt Capital Markets, Credit Analysis
Chicago, Illinois, United States · Hybrid
$311k–$477k/yr
Morningstar’s mission is “Empowering Investor Success.” The Morningstar Direct Platform is our original and core product and largest revenue business that provides primarily public markets investors comprehensive data, r…
Skills: Product Management, GenAI Commercialization, Data Strategy, API Design, Cloud Data Platforms
Chicago, Illinois, United States · Hybrid
$311k–$477k/yr
Morningstar’s mission is “Empowering Investor Success.” The Morningstar Direct Platform is our original and core product and largest revenue business that provides public markets investors comprehensive data, research, i…
Skills: Product Management, AI Strategy, Enterprise SaaS, FinTech, Workflow Design
Chicago, Illinois, United States · Hybrid
$74k–$109k/yr
The Role The Employee Experience Insights & AI Enablement Team is looking for a Senior Insights Analyst to sit at the intersection of AI strategy, IT operations, and enterprise analytics. This is not a traditional BI rol…
Skills: Data Analytics, Snowflake, Microsoft Fabric, Power BI, ITSM Analytics
Chicago, Illinois, United States · Hybrid
$74k–$90k/yr
CMBS Surveillance Credit Ratings, Analyst – Chicago Morningstar DBRS is seeking a highly motivated individual to join its commercial mortgage backed securities (CMBS) group in Chicago as an Analyst. The position is respo…
Skills: Commercial Real Estate Analysis, Credit Rating, Financial Modeling, Excel Proficiency, Technical Writing
Mumbai City, Maharashtra, India · Hybrid
About: Morningstar is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer a wide variety of products and solutions that serve market participants of all kinds, in…
Skills: Index Management, Quantitative Research, Python, SQL, Financial Modeling
Madrid, Community of Madrid, Spain · Hybrid
About Morningstar: Morningstar is a leading global provider of independent investment insights, serving both individual and institutional investors across public and private markets. Our offerings include a wide range of…
Skills: Recruitment Coordination, Candidate Communication, Job Posting, HR Administration, Onboarding
Chicago, Illinois, United States · Hybrid
$74k–$90k/yr
CMBS Surveillance Credit Ratings, Analyst – Chicago Morningstar DBRS is seeking a highly motivated individual to join its commercial mortgage backed securities (CMBS) group in Chicago as an Analyst. The position is respo…
Skills: Credit Analysis, Commercial Real Estate Analysis, Financial Modeling, Excel, Technical Writing
London, England, United Kingdom · Hybrid
$68k–$95k/yr
About the role: We are looking for an Investment Analyst to join our Multi Asset Portfolio Management team in London. You will contribute to the success of our multi asset portfolios by supporting portfolio managers resp…
Skills: Asset Allocation, Portfolio Construction, Capital Markets Research, Fund Selection, Manager Research
London, England, United Kingdom · Hybrid
$30k–$40k/yr
About Morningstar Morningstar is a leading global provider of independent investment insights, serving both individual and institutional investors across public and private markets. Our offerings include a wide range of …
Skills: Communication, Information Gathering, Attention To Detail, Analytical Thinking, Organisation
Mumbai City, Maharashtra, India · Hybrid
Job Title: Security Analyst Location: Vashi, Navi Mumbai (4 days working from office) Shift: Rotational Shift Job Description: The Area: The Information Security Team is a central function governing corporate and product…
Skills: Security Monitoring, Incident Response, Threat Intelligence, SIEM, EDR
Chicago, Illinois, United States · Hybrid
$95k–$140k/yr
The Group: Reporting to the Board of Directors, Morningstar’s Global Audit and Assurance is an independent, objective assurance and consulting activity designed to add value and improve the company’s operations. Global A…
Skills: IT Auditing, Internal Controls, Risk Management, COSO Framework, COBIT Framework
Cape Town, Western Cape, South Africa · Hybrid
$305k–$426k/yr
Morningstar’s Investment Management South Africa is seeking an Associate Investment Operations Analyst to join our investment operations team. We are looking for an assertive, detail-oriented, self-starter who can work e…
Skills: Cash Flow Allocation, Trade Execution Processing, Position Reconciliation, Portfolio Rebalancing, NAV Reporting
Toronto, Ontario, Canada · Hybrid
CMBS Surveillance Credit Ratings, Analyst – Toronto/Chicago Morningstar DBRS is seeking a highly motivated individual to join its commercial mortgage backed securities (CMBS) group in Toronto or Chicago as an Analyst. Th…
Skills: Commercial Real Estate Analysis, Credit Rating, Financial Modeling, Excel, Technical Writing
Chicago, Illinois, United States · Hybrid
$71k–$104k/yr
Associate Analyst, Fixed Income, US Manager Research (Please be sure to read the Requirements below, prior to submitting your application) The Group: Morningstar’s Research group provides independent analysis on individu…
Skills: Fixed Income Analysis, Strategy Analysis, Communication Skills, Time Management, Python
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The role involves analyzing credit risk for ABS, RMBS, and CMBS transactions by modeling cash flows and reviewing legal documentation. The analyst will develop and maintain cash flow engines using Intex, Excel, and Python while supervising a team in cashflow analysis.
Requires 3 to 5 years of experience in credit research with knowledge of structured finance products. A Master's degree in finance or CFA enrollment is preferred, along with proficiency in Python, SQL, and Intex.
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: As a Senior Analyst, you will assist team with running and reviewing the cashflow models to aid rating, research, and surveillance process; assist with special projects/initiatives, as needed. Knowledge of Python, SQL and VBA will be 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 Structured Finance transactions. This position is based in our Navi Mumbai office.
Analyze the credit risk in ABS, RMBS, CMBS and Structured Credit transactions issued across EMEA and US regions by performing tasks that include modeling cash flows, reviewing legal documentation and maintaining the software code base of Structured Finance products.
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
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
Supervise the team in cashflow analysis to support the required product in a detailed manner
Ensure compliance with regulatory and company policies and procedures
3 to 5 years of experience in a credit research domain, with knowledge of structured finance products, experience at a rating agency is a plus.
Master’s 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, Python, SQL is a plus
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.
R11_DBRSRatingsGmbHIndia DBRS Ratings GmbH, Branch India Legal EntityMorningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, institutional investors in the debt and private capital markets, and alliances and redistributors. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $369 billion in AUMA as of Sept. 30, 2025. The Company operates through wholly-owned subsidiaries in 32 countries.
Offices: 22 W. Washington St., Chicago, IL 60602, US · Calle de Maria de Molina, 39, Madrid, Community of Madrid 28006, ES · 1 Toronto St, Suite 500, Toronto, Ontario M5C 2V6, CA · 1155 Boulevard René-Lévesque O, Suite 2500, Montreal, Quebec H3B 2J6, CA · Rua Prof. Atílio Innocenti, 165, sala 3-123, Vila Nova Conceição, São Paulo, SP, BR
Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, institutional investors in the debt and private capital markets, and alliances and redistributors. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $369 billion in AUMA as of Sept. 30, 2025. The Company operates through wholly-owned subsidiaries in 32 countries.
Offices: 22 W. Washington St., Chicago, IL 60602, US · Calle de Maria de Molina, 39, Madrid, Community of Madrid 28006, ES · 1 Toronto St, Suite 500, Toronto, Ontario M5C 2V6, CA · 1155 Boulevard René-Lévesque O, Suite 2500, Montreal, Quebec H3B 2J6, CA · Rua Prof. Atílio Innocenti, 165, sala 3-123, Vila Nova Conceição, São Paulo, SP, BR
