About the role

Morningstar DBRS’ Private Credit team is looking for a highly motivated Assistant Vice President to join its specialist Middle Market team in Madrid. The successful candidate will bring four to five years of experience in corporate credit analysis, ideally with exposure to high-yield issuers, along with strong analytical, communication, and relationship-building skills.

Partnering closely with the Team Leader and the wider Middle-Market team located in the US and Canada, the role focuses on evaluating the creditworthiness of mid-sized companies across diverse industries. Responsibilities include preparing credit research reports and industry commentary, conducting in-depth research on key middle-market credit topics, and maintaining regular dialogue with issuers, investors, and other market participants.

Join a truly global credit team and gain exposure to a broad and diverse portfolio of companies across industries and geographies.

Job Responsibilities

• Assume coverage of a broad range of mid-sized corporations with weak credit profiles and assist with new rating assignments.
• Produce timely, high-quality and insightful credit research, including rating reports and commentaries.
• Build and maintain relationships with clients, investors and bankers.
• Lead rating committee discussions and help refine processes and research products.
• Build and update related databases as required.

Qualifications

• Four to five years of experience in credit analysis, corporate lending or credit risk.
• Bachelor’s degree in Business, Finance, Economics or a related discipline. CFA designation or progress toward completion is desirable.
• Excellent knowledge of credit analysis and capital markets, preferably complemented by experience covering high-yield issuers and/or middle-market credits.
• Familiarity with the legal and transaction documentation associated with corporate debt issuances.
• Excellent research and analytical skills, including the ability to interpret and evaluate complex financial statements.
• Strong written and verbal communication skills, with the ability to clearly articulate credit opinions and investment risks.
• Proactive self-starter with a collaborative mindset and a demonstrated ability to thrive in a fast-paced, team-oriented environment.

If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentially to our Compliance team. These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker.

Base Salary Compensation Range

Bonus Target:

We expect the compensation and target bonus for this role to fall within the stated range. The specific compensation offered will depend on the candidate’s qualifications, experience, and other job-related factors.

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.