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Job Title


Senior Vice President, ABS Ratings Commercial & Esoteric Assets


Company : Morningstar, Inc


Location : New York City, NY


Created : 2026-04-04


Job Type : Full Time


Job Description

About The Role: Morningstar DBRS is seeking a seasoned and analytical leader to join our Asset-Backed Securities (ABS) Ratings team as a Senior Vice President focused on Commercial and Esoteric Assets. This is a key role within a growing practice that evaluates highly structured and often complex securitization transactions backed by multiple asset classes such as data center infrastructure, equipment leases, small business lending, communications infrastructure, and aviation. You will oversee the end-to-end credit rating process from originator due diligence to transaction modeling and committee presentations, while managing client relationships and mentoring junior analysts. This role is ideal for someone who combines deep credit acumen with strategic thinking, a collaborative mindset, and a passion for driving high-quality analytical work. Key Responsibilities: Lead the credit rating process for new ABS transactions involving commercial and esoteric asset classes. Conduct detailed transaction analysis, including originator and servicer evaluation, loan pool and performance data review, structural modeling, and legal documentation analysis. Collaborate closely with internal teams (cash flow modeling, legal, research) to ensure alignment on assumptions and analytical output. Present transactions at internal rating committees and guide the development of public-facing reports, credit memoranda, and rating rationales. Act as a primary point of contact with issuers, arrangers, investors, and other transaction stakeholders throughout the rating process. Manage, mentor, and train junior members of the ABS team, fostering analytical rigor and professional growth. Monitor and surveil outstanding transactions; recommend rating actions as necessary based on asset performance and structural changes. Contribute to methodology development, research publications, and market commentary that advance the thought leadership of Morningstar DBRS. Represent the firm at client meetings, investor discussions, and key industry conferences and events. Qualifications: Bachelor's degree required; advanced degree (MBA, MS, or related) preferred. 8-12 years of experience in structured finance, credit ratings, or securitization with strong knowledge of commercial/esoteric ABS. Proven track record of leading ratings or analytical engagements across complex securitization structures. Strong knowledge of credit risk, cash flow modeling, and deal documentation. Familiarity with Excel and modeling platforms such as Intex, T-REX, VBA, and Bloomberg. Excellent verbal and written communication skills, with ability to convey complex concepts to both technical and non-technical audiences. Demonstrated ability to manage multiple projects in a fast-paced environment, while maintaining attention to detail and analytical integrity. Strong interpersonal skills and a collaborative, team-first approach to problem-solving. About UsMorningstar 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. Compensation and BenefitsAt Morningstar we believe people are at their best when