Morningstar · 15 hours ago
Assistant Vice President, Quant Credit Modelling, Structured Finance Analytics
New York, NY
Full-time
Hybrid
Mid Level
$98K/yr - $158K/yr
4+ years expMorningstar DBRS is a global credit ratings business committed to empowering investor success through leading-edge technology. The Quant Analyst role involves executing proprietary research for building credit rating models and collaborating with various teams to create innovative models for assessing credit risk.
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Responsibilities
Support rating methodology development and participate in the implementation of quantitative models such as credit predictive models
Maintain and enhance proprietary Python and R libraries related to model building
Leverage structured and unstructured datasets to build new Quant frameworks to assist analysts in informed decision making
Assisting development of Analytics-based solutions, taking ownership of the design and development of solutions to scale information ingestion, storage, computation (training/inference), validation
Participate in analyst conversations for understanding ongoing analyst issues
Qualification
Required
Postgraduate degree in mathematics, quantitative finance, financial engineering, statistics or physics is highly desired
4 - 7 years of investment research, structured products, asset backed finance, credit modelling or rating agencies experience with emphasis on fixed income research / analysis
Coding skills in a major programming language (Python, C/C++ or C#) or SAS / R / MATLAB
Strong Knowledge of probability theory, numerical analysis and stochastic calculus
Strong Knowledge of numerical methods (numerical integration, Monte Carlo simulation, root-finding and general optimisation techniques)
At least 2 years of experience in US RMBS defaults and losses modelling. Other asset classes within Structured Finance (ABS, CLOs) are also acceptable
Preferred
Ability to perform rigorous data analysis on large datasets
Exposure to main Python packages for numerical computing and Machine Learning / Data Science (NumPy, Pandas, Scikit-Learn and SciPy)
Experience developing applications on cloud (AWS preferably)
Understanding of both business and technical requirements, and the ability to serve as a conduit between technical and non-technical departments
Benefits
100% 401k match up to 6% of salary
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
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
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
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups
Company
Morningstar
Morningstar provides independent investment research to investors worldwide.
10001+ employees
H1B Sponsorship
Morningstar has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (32)
2024 (50)
2023 (68)
2022 (51)
2021 (57)
2020 (56)
Funding
Current Stage
Public CompanyTotal Funding
$91M2005-05-03IPO
1999-07-09Private Equity· $91M
Leadership Team
Kunal Kapoor
Chief Executive Officer
Lawrence Johnson
SVP & Head of Fintech Engagement
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