What are the responsibilities and job description for the Senior Vice President Operational Risk Group position at Morningstar, Inc.?
The Group :
Morningstar DBRS is a leading provider of independent credit 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, we are one of the top four credit rating agencies in the world and a market leader in Canada, the U.S., and Europe in multiple asset classes.
The Role :
Morningstar DBRS is looking for a full time Senior Vice President (SVP) to join the Operational Risk team in the New York office.
The SVP - Operational Risk Group will have responsibilities that include the planning and conducting of operational risk reviews, as necessary, for RMBS, ABS and Structured Credit finance products.
As part of the Structured Finance Group in New York, the candidate would help assess the quality of a company's origination and servicing capabilities by conducting an onsite or phone review then completing a scorecard which incorporates an analysis of the company's origination practices, underwriting guidelines, performance, controls, technology, servicing, default and recovery procedures. The candidate would then evaluate the company's strengths and weaknesses and be responsible for the presentation of their findings to the rating committee, in addition to contributing to presale and ratings reports, as necessary.
Strong communication, interpersonal and organizational skills are required as well as the ability to develop and write comprehensive, informative reports. The candidate will also attend investor meetings, as necessary, to explain Morningstar DBRS methodologies in addition to publishing topical reports, ranking reports and methodologies.
The position involves frequent travel.
Requirements :
- Completed College or Master's degree program
- Demonstrate strong organizational, writing and communication skills
- Has the ability to interact professionally with senior level staff and maintain confidentiality
- Able to travel frequently; typically for two days at a time
- Able to attend and run a full day meeting
- Demonstrate proficiency in Microsoft Outlook, Excel, Word and PowerPoint
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.
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide-range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide :
75% 401k match up to 7%
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
Trust-Based Time Off
Charitable Matching Gifts program
Base Salary Compensation Range
145,000.00 - $272,000.00
Bonus Target %
39.8
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 work remotely and collaborate in-person each week. While some positions are available as fully remote, we've found that we're at our best when we're purposely together on a regular basis, typically three days 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.
R06_DBRSInc DBRS, Inc. - US Legal Entity
Salary : $300 - $600
