Assistant Vice President, Asset Backed Securities - Commercial, Esoteric & New Assets

About the role

The Morningstar DBRS U.S. ABS team is seeking a ratings analyst with strong quantitative and analytical skills at the Assistant Vice President level to support the Commercial ABS platform. The role is based in New York, New York as part of the Global Structured Finance team. The successful candidate will primarily, under the direction of lead analysts and sector leadership, conduct analytical activities required to assign and monitor ratings for U.S. ABS transactions backed by equipment loans & leases, data centers, franchise/whole business securitizations and other emerging asset classes. Responsibilities include collateral and obligor assessment, performance data analysis, cash flow and structural analysis, operational and counterparty risk assessment, and legal document review. The role offers exposure to highly structured transactions and evolving asset types in a collaborative, client‑facing environment. The candidate should demonstrate strong work ethic, analytical rigor, attention to detail, and the interpersonal skills necessary to work effectively with internal stakeholders and external market participants. This role provides meaningful opportunities to build expertise in commercial and esoteric ABS and develop greater transaction leadership responsibility. Job Responsibilities Support senior analysts as part of deal teams on Commercial ABS transactions focused on digital infrastructure and new asset classes Analyze historical performance data, collateral characteristics, obligor and counterparty risk, and transaction structures Assist in preparing analytical materials and transaction summaries for internal discussions and rating committee review Work with the cash flow modeling team to analyze transaction structures and stress scenarios for rating analysis Review transaction legal documentation and identify key structural, operational, and legal considerations Participate in discussions with issuers, bankers, and other transaction participants regarding data requests and analytical considerations Assist in the preparation of rating committee materials, credit memoranda, and analytical presentations Support the drafting of disclosure documents including pre‑sale reports, rating reports, press releases, and regulatory disclosures Work with the ABS Surveillance team to monitor performance of outstanding transactions and support ongoing rating maintenance Coordinate with internal teams (modeling, legal, research) to support credit rating analysis and research initiatives Adhere to internal procedures, analytical standards, and regulatory compliance requirements 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: Financial Health 100% 401k match up to 6% of salary Stock Ownership Potential Company provided life insurance - 1x salary + commission Physical Health 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-$6