Associate Quantitative Analyst, Credit Ratings

Associate Quantitative Analyst, Credit Ratings

Mouri Tech
0-3 years
Not Specified

Job Description


RMBS Analyst (Mumbai)
The Team: DBRS Morningstar`s structured credit ratings and research subsidiary is a Nationally Recognized Statistical Ratings Organization (NRSRO) that has earned a reputation for innovation and excellence in the structured finance market. This group aims to increase market transparency and provides the highest quality ratings through securities research, monitoring services, data, and technology solutions.
The Role: We are looking for solid individual contributors with good problem solving, analytical thinking in the Residential Mortgage Backed securitization space and experience in Python, VBA and SQL. This role will provide unique opportunities for mastering the key aspects of our business including in-depth collateral and deal analysis to client interaction. You will be part of a team responsible for rating residential mortgage backed securities (RMBS).
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
+ Work directly with the rating team to deliver projects and services.
+ Perform, when required, quantitative analysis in order to measure outcomes.
+ Understand core concepts around data storage and access specifically in structured data systems such as databases
+ Analyze the credit risk in residential mortgage-backed securities by performing tasks that includes reviewing deal documents, legal documentation, analyzing periodic data and preparing / running cash flow models both in-house and external like Intex Calc.
+ Assist the primary analyst in preparing rating committee note, rationale and building and maintaining various databases relating to mortgages
+ Collect, organize, and analyze data from internal and external sources for use in criteria development, ratings, and research reports. Also automate and improve data pipelines for the Research Platform.
+ 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.
+ Productionize and maintain Analytical Tools
+ Understand the domain and implement quick fix solutions to align the development activities with dynamic business needs
+ 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 master's degree required, CFA or FRM preferred.
+ 0-3 years of Structured Finance experience, experience at a rating agency is a plus.
+ Proficient in Python, Data science stack (Jupyter, pandas), Microsoft Excel, Visual Basic for Applications (VBA) and MSSQL.
+ Excellent writing, communication, and quantitative/analytical skills.
+ Creative thinker who is adept at taking an analytical approach to problem solving.
+ Experience with Loan Performance, Intex, and Bloomberg is a plus.
+ Proficiency in other programming languages a plus
Morningstar is an equal opportunity employer.
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 provide the agility to respond to customers needs, while being large enough to provide the necessary expertise and resources.

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