Senior Analyst, Credit Ratings, European ABS

Location: Frankfurt, Germany; hybrid work with four days in-office each week. Permission to work in the European Union is required, and occasional travel within Europe is expected.

Base salary: €51,500–€74,167 annually. Bonus target: 15% annually.

Company

Morningstar DBRS provides credit ratings and analytical research for structured finance transactions.

What you will do

• Support lead analysts in evaluating credit risk and assigning or maintaining ratings for European ABS transactions.
• Monitor selected structured finance transactions and analyse collateral, cash flow structures, and performance trends.
• Apply credit rating methodologies, criteria, analytical tools, cash flow tools, and Intex products.
• Review legal documentation, transaction amendments, memoranda, presentations, and related materials.
• Prepare materials for rating committees, present analytical conclusions, and contribute to rating reports, research, disclosures, and industry publications.
• Coordinate analytical workstreams, review junior analysts’ work, and communicate with issuers, arrangers, originators, legal counsel, and other transaction parties.

Requirements

• At least two years of experience in structured finance or financial services, with exposure to risk management or consumer lending.
• Bachelor’s degree or equivalent in finance, financial engineering, or another quantitative discipline.
• Strong analytical, quantitative, written, oral, and interpersonal communication skills, with excellent English.
• Experience with cash flow analysis, large data sets, Microsoft Excel, and Microsoft Office applications.
• Permission to work in the European Union is required.
• Ability to manage multiple projects independently and collaboratively under tight deadlines.

Nice to have

• Direct credit rating experience or experience with ABS transactions.
• Knowledge of European consumer finance, especially credit card or consumer loan lending.
• Understanding of ABS legal documentation.
• Knowledge of VBA, Python, or other programming and analytical tools.
• Proficiency in French or another European language.

Culture & Benefits

• Regular in-person collaboration within a hybrid work environment.
• Tools and resources for collaboration with global colleagues.
• Benefits designed to support flexibility as needs change.
• Opportunities to develop European structured finance expertise in a client-facing environment.