Description

Global Sovereign Ratings, Public Finance – Vice President

Morningstar DBRS’s Global Sovereign Ratings group is seeking a highly motivated individual with an interest in government finance and credit analysis to join its Public Finance team in Toronto as a Vice President. The ideal candidate will have at least five years’ experience as a lead analyst covering public finance credit ratings in the U.S. and Canada. Working closely with the Sector Lead and the other members of the Global Sovereign Ratings team, the successful candidate will be responsible for the coverage of a broad range of public sector entities in North America, including states, provinces, territories, municipalities, public and not-for-profit (NFP) universities, hospitals, and other government-related entities.

Primary Responsibilities

  • Assume lead analyst coverage of existing public finance ratings, including states/provinces, municipal governments, universities, hospitals, and other government-related entities.
  • Perform issuer and industry research, financial statement analysis, assess issuer forecasts and management strategy to inform rating recommendations.
  • Produce timely, high-quality credit reports and commentaries on rated issuers and industry trends; engage with media and handle investor queries on rated issuers.
  • Interact with and maintain relationships with issuers, investors, and intermediaries.
  • Respond to and lead new rating opportunities and assignments in both the Canadian and U.S. public finance sector.
  • Contribute to the refinement of research products and rating methodologies.
  • Oversee the work of junior analysts; help train and mentor less experienced team members.
  • Adhere to rigorous regulatory requirements, including detailed record-keeping, training, and compliance with Morningstar DBRS policies and procedures.

Requirements

  • Seven years of public policy or finance experience, with a minimum of five years in a public finance credit or analysis role.
  • Bachelor’s and/or Master’s degree in Economics, Finance, Public Policy, Public Administration, or another relevant discipline.
  • Knowledge of broader public sector and not-for-profit entities and of the functioning of various levels of government.
  • Solid research and analytical skills, with a thorough attention to detail.
  • Strong communication skills, both oral and written.
  • Self-starter and strong team player.
  • Ability to meet deadlines while producing high quality work.
  • French language skills and completion of the CFA program would be a plus.
  • The above is for a Vice President position. An attractive but less experienced candidate may be considered for an Assistant Vice President position.

Compensation

Base Salary: $110,000.00–$160,000.00 CAD

Incentive Target: 30% annual

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.

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