Assistant Vice President, Asset Backed Securities - Commercial, Esoteric & Assets

About the Role

The Morningstar DBRS U.S. ABS team is seeking a ratings analyst with strong quantitative and analytical skills at the Assistant Vice President level to support the Commercial ABS platform. The role is based in New York, New York as part of the Global Structured Finance team. The successful candidate will primarily, under the direction of lead analysts and sector leadership, conduct analytical activities required to assign and monitor ratings for U.S. ABS transactions backed by equipment loans & leases, data centers, franchise/whole business securitizations and other emerging asset classes.

Responsibilities include collateral and obligor assessment, performance data analysis, cash flow and structural analysis, operational and counter party risk assessment, and legal document review. The role offers exposure to highly structured transactions and evolving asset types in a collaborative, client‑facing environment.

The candidate should demonstrate strong work ethic, analytical rigor, attention to detail, and the interpersonal skills necessary to work effectively with internal stakeholders and external market participants. This role provides meaningful opportunities to build expertise in commercial and esoteric ABS and develop greater transaction leadership responsibility.

• Support senior analysts as part of deal teams on Commercial ABS transactions focused on digital infrastructure and new asset classes
• Analyze historical performance data, collateral characteristics, obligor and counter party risk, and transaction structures
• Assist in preparing analytical materials and transaction summaries for internal discussions and rating committee review
• Work with the cash flow modeling team to analyze transaction structures and stress scenarios for rating analysis
• Review transaction legal documentation and identify key structural, operational, and legal considerations
• Participate in discussions with issuers, bankers, and other transaction participants regarding data requests and analytical considerations
• Assist in the preparation of rating committee materials, credit memoranda, and analytical presentations
• Support the drafting of disclosure documents including pre‑sale reports, rating reports, press releases, and regulatory disclosures
• Work with the ABS Surveillance team to monitor performance of outstanding transactions and support ongoing rating maintenance
• Coordinate with internal teams (modeling, legal, research) to support credit rating analysis and research initiatives
• Adhere to internal procedures, analytical standards, and regulatory compliance requirements

• Bachelor’s degree in finance, mathematics, economics, computer science, engineering, or a related field
• 4–7 years of experience in structured finance, credit analysis, or securitization
• Exposure to commercial, esoteric assets, or developing asset classes preferred.
• Proficiency in Microsoft Excel and Microsoft Office applications
• Solid understanding of credit analysis, structured finance concepts, and transaction mechanics
• Strong quantitative and analytical skills with close attention to detail
• Effective written, verbal, and interpersonal communication skills
• Self‑motivated, organized, and able to manage multiple priorities in a fast‑paced environment

• Master’s degree in finance, mathematics, economics, computer science, engineering, or a related field
• Familiarity with cash flow modeling

• Base Salary Compensation Range: $97,854. USD Annual
• Incentive Target Percentage: 20% Annual