MDP Track: Credit Ratings Analyst (Campus)

Morningstar, Inc.
life insurance, tuition reimbursement, 401(k)
United States, New York, New York
150 Greenwich St Fl 48 (Show on map)
Oct 03, 2025
The Program: At Morningstar, we seek individuals who are smart, creative, hard-working, curious, and passionate about their work. We built the Morningstar Development Program to prepare recent college graduates for successful, long-term careers at Morningstar. Throughout this two-year program, you will be placed in a cohort where you'll receive ongoing career development, networking, mentoring, training opportunities, apprenticeship program opportunities, and exposure to different areas of the business to help you succeed. About the role: The Credit Analyst's primary responsibility is to support lead analysts in their responsibilities to manage portfolios of various credits, including ongoing analysis and surveillance activities. Under the guidance of his/her mentor, the successful candidate will be expected to gradually develop a solid understanding. Key roles include performing financial statement analysis,creatingand maintaining industry databases, developing financial projections and producing press releases, rating reports and commentaries. The Credit Analyst will also be expected to acquire a broad understanding of sector-specific rating methodologies and criteria.All positions are based in ourNew Yorkoffice The Credit Analyst will join either theAsset-Backed Securities(ABS),ResidentialMortgage-BackedSecurities(RMBS),Structured Credit, Surveillance, Cash Flow Analytics,Global FinancialInstitutionsor the Sovereign Ratingsteam. Specific tasks may include: Position Description The Credit Analyst will join either theAsset-Backed Securities(ABS),ResidentialMortgage-BackedSecurities(RMBS),Commercial Mortgage-Backed Securities(CMBS),Structured Credit, Surveillance, Cash Flow Analytics,Global FinancialInstitutionsor the Sovereign Ratingsteam. Specific tasks may include: Develop an understanding of credit aspects oftransactions Review legal documents pertaining to transactions Conduct research on various credit-related topics and produce summaries of findings Gather,cleanand analyze data for use in ratings, methodology development and external research publication Develop,maintainand improve cash flow engines Act as a back-up analyst on transactions, and present to rating committee Communicate analysis to senior staff and colleagues on related teams Support in criteria development and enhancement ofmodels Assist with adherence to procedures and regulatory compliance Prepare compliance reports and company publications Review and apply rating methodologies to transactions Participate in meetings with bankers,investorsand originators Follow,summarizeand share research and presentations of outside market participants The Teams The ABS teamis responsible for rating and monitoring bonds and bank credit facilities secured by auto loans and leases, credit cards, consumer loans, etc. The RMBS team is focused on assigning ratings for structured finance transactions in the residential mortgage product area. The Structured Credit team is responsible for assigning ratings to US collateralized loan obligations (CLOs), CLO warehouse facilities, and off-the-run structured credit transactions. The Surveillance team is responsible for monitoring a portfolio of ratings for structured finance transactions across different asset classes. Cash Flow Analytics works on developing,maintainingand improving cash flow engines within Structured Finance. The FIG team is responsible for assigning and maintaining ratings of financial institutions globally, as well as their associated debt instruments. The Sovereign team is responsible for assigning and maintaining ratings of sovereign governments, government related entities, and supranational institutions. Location: New York Start Date: July 6th 2026 What we look for: Between 0-2 years of professional work experience. A bachelor's degree completed no later than May 2026 in accounting, business, finance or other relevant discipline preferred. Strong analytical abilities and knowledge of financial statements. Solid research and analytical skills, with acute attention to detail. Strong communication skills, both oral and written. Self-starter and strong team player, with the ability to meet deadlines while producing high quality work. Genuine interest in commercial real estate and structured finance. Ability to travel 10-20% domestically/ North America. Must possess unrestricted right to work in the U.S. in this position A resume is required to apply. Please be sure to include the word "Resume" in the file name of the resume you upload Total Cash Compensation Target: 89,100 USD Inclusive of annual base salary and target incentive 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 75% 401k match up to 7% 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 plansand coverages Additional medical Wellness Incentives - up to $300-$600 annual Company-provided long- and short-term disabilityinsurance Emotional Health Trust-Based Time Off 6-week Paid Sabbatical Program 6-Week Paid Family Caregiving Leave Competitive 8-24 Week Paid Parental Bonding Leave Adoption Assistance Leadership Coaching & Formal MentorshipOpportunities Annual Education Stipend Tuition Reimbursement Social Health Charitable Matching Gifts program Dollars for Doers volunteer program Paid volunteering days 15+ Employee Resource & Affinity Groups Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office 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.