The Team: Morningstar`s structured credit research and ratings subsidiary is a Nationally Recognized Statistical Ratings Organization (NRSRO) that has earned a reputation for innovation and excellence in the structured finance market. This new subsidiary aims to increase market transparency and provide the highest quality ratings through securities research, monitoring services, data, and technology solutions.
The Role: As a Structure Credit Analyst Intern, you will assist our Operational Risk Assessments and RMBS Ratings groups content to support the servicer ranking and RMBS ratings businesses. This internship is full-time over the summer and has the potential to continue during the school year with 20 hours a week. If you are considering a career in securities analysis, loan servicing or banking, this position will be a rewarding opportunity. This position is based in our New York City office.
+ Review prospectuses and other deal documents to determine the structure and cash flow priority of RMBS transactions.
+ Run internal and external models to project losses and prepayments of mortgages and bonds in RMBS transactions.
+ Analyze credit risks in RMBS transactions and assist team in generating monthly surveillance reports.
+ Assist with finding new sources of data.
+ Collect, organize, and analyze data from internal and external sources for use in criteria development, ratings, and research reports.
+ Assist the team in building and maintaining various databases relating to mortgages and RMBS transactions.
+ Must be enrolled in a bachelor`s degree program, preferably majoring in finance.
+ Proficiency in Microsoft Excel and other Microsoft Office applications.
+ Ability to work with databases.
+ Familiarity with internet search techniques.
+ Strong written and verbal communication skills, as well as an interest in finance, economics, and data.
+ An inquisitive and critical personality, strong attention to detail, and the ability to multi-task.
+ Ability to thrive in a fast-paced environment while producing consistently high quality work.
Morningstar Credit Ratings LLC is an equal opportunity employer.