Full-Time

Global Sovereign Ratings Vice President

Public Finance

Morningstar

Morningstar

10,001+ employees

Independent investment research and data provider

Compensation Overview

CA$110k - CA$160k/yr

+ 30% annual incentive target

Toronto, ON, Canada

Hybrid

Four days in-office each week are typically required.

Bachelor's, Master's

Category
Finance & Banking (1)
Required Skills
Public Policy

Get referred to Morningstar

See people who can refer or advise you

Requirements
  • Seven years of public policy or finance experience, including a minimum of five years in a public finance credit or analysis role.
  • A 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 thorough attention to detail.
  • Strong oral and written communication skills.
  • Ability to meet deadlines while producing high-quality work.
Responsibilities
  • Assume lead analyst coverage of existing public finance ratings, including states and provinces, municipal governments, universities, hospitals, and other government-related entities.
  • Perform issuer and industry research and financial statement analysis, and 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 the Canadian and United States public finance sector.
  • Contribute to the refinement of research products and rating methodologies.
  • Oversee the work of junior analysts and 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.
Desired Qualifications
  • French language skills.
  • Completion of the Chartered Financial Analyst program.

Morningstar provides independent investment research and data to individual investors, financial advisors, and asset managers. It offers subscription-based access to a broad database of investment information, analytics, and tools through platforms like Morningstar Advisor Workstation, Morningstar Office Cloud, and Morningstar Cloud, plus managed portfolios and retirement services. The company differentiates itself with a wide breadth of data across retail and professional channels, strong ESG offerings through Sustainalytics, and an ecosystem that combines research, portfolio management, and retirement services. Its goal is to help users make informed investment decisions by delivering reliable data, analytics, and ESG insights while growing its subscription business.

Company Size

10,001+

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

1984

Get referred to Morningstar

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 revenue reached $663.2 million, up 9.6%, with 24.2% operating margin.
  • CEO Kunal Kapoor is pushing agentic workflows and AI-first distribution across PitchBook and research.
  • Buybacks accelerated to $400 million year-to-date, shrinking float 5.6% since December 2025.

What critics are saying

  • AI-native rivals from Microsoft, Rogo, and Harvey compress Morningstar's workflow moat in 2026.
  • Sustainalytics product sunsets already cut organic growth; more legacy exits can slow revenue.
  • Heavy buybacks alongside roughly $1.7 billion debt reduce flexibility if growth stalls in 2027.

What makes Morningstar unique

  • PitchBook and Morningstar Direct embed trusted data inside Microsoft 365 Copilot, June 2026.
  • Morningstar Credit launched Corporate Credit Analytics for standardized private credit underwriting in 2026.
  • Morningstar Wealth partnered with Apollo, Franklin Templeton, and JPMorgan on model portfolios.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Sabbatical Leave

401(k) Retirement Plan

401(k) Company Match

Paid Sick Leave

Parental Leave

Adoption Assistance

Hybrid Work Options

Stock Options

Professional Development Budget

Tuition Reimbursement

Mentorship Program

Employee Referral Bonus

Company Social Events

Company News

Yahoo Finance
Aug 17th, 2026
Morningstar shares drop 9.79% on GenAI disruption fears despite 8% revenue growth and $300M buyback

Morningstar shares fell 9.79% in Q2 2026 despite solid financial performance, as investors worried about generative AI disrupting its data and research businesses. The company reported 8% organic revenue growth and 18% adjusted EBIT growth over 12 months. Baron Partners Fund, which holds Morningstar, noted the company maintains high-quality, hard-to-replicate data businesses. Management accelerated share buybacks, repurchasing $300 million in the most recent quarter and $1.1 billion since 2024. The stock traded at $207.41 on 14 August 2026, with a market capitalisation of $7.78 billion. Shares fell 19.78% over the past 52 weeks but gained 20.76% in the preceding month. Baron Partners Fund believes Morningstar's trusted, structured data remains valuable for AI applications, with the stock trading at a 63% discount to its three-year average multiple.

Associated Press
Jul 29th, 2026
Morningstar reports 9.6% revenue growth to $663M, Q2 operating income surges 28%

Morningstar reported second-quarter 2026 revenue of $663.2 million, up 9.6% year-over-year, with organic revenue growing 6.8%. Operating income increased 28.4% to $160.6 million, whilst adjusted operating income rose 22.7%. Diluted earnings per share climbed 35.4% to $2.83, with adjusted diluted earnings per share up 29.2% to $3.10. Free cash flow surged 96.3% to $122.5 million. CEO Kunal Kapoor highlighted the company's focus on building agentic workflows atop its data and research, plus helping investors navigate converging public and private markets. Morningstar Credit, Morningstar Direct Platform, and PitchBook were key organic revenue contributors. The investment insights provider repurchased 567,844 shares for $100 million during the quarter.

Yahoo Finance
Jul 12th, 2026
Morningstar debuts AI exit timing tool as shares trade 26% above estimated fair value

Morningstar introduced Time to Exit, a machine learning tool from its PitchBook segment that estimates when venture-backed companies may exit over one, three, or five-year periods. The product launch comes as Morningstar's share price has declined. The stock fell 11.22% over 30 days to US$165.18, with one-year total shareholder returns down 43.21%. Morningstar currently trades at a price-to-earnings ratio of 15.6x. This sits below the US Capital Markets peer average of 21.2x and the broader US market at 19.1x. However, it represents a slight premium to an estimated fair P/E of 15.2x. Analyst price targets for the stock stand near US$227, suggesting potential upside from current levels.

Business Wire
Jun 25th, 2026
Morningstar embeds investment intelligence into Microsoft 365 Copilot with AI integrations

Morningstar has launched a suite of integrations with Microsoft technologies to embed its investment intelligence into AI-powered workflows used by financial services firms. The integrations span Microsoft 365 Copilot, Copilot Studio and Microsoft 365 ecosystems, allowing investment professionals to access Morningstar's analyst-driven insights and data within their existing tools. The offering includes a federated Copilot connector using Model Context Protocol, a dedicated Copilot agent for analyst-backed information, and a plugin for Copilot Cowork supporting fund screening and analysis. The integrations are designed to work within firms' existing security controls whilst maintaining compliance requirements. Morningstar's investment intelligence covers global asset classes and aims to reduce the gap between data and decision-making for asset managers, wealth managers and advisors. The company manages approximately $370 billion in assets under management.

Yahoo Finance
Jun 19th, 2026
Morningstar partners with Apollo, Franklin Templeton and JPMorgan on model portfolios

Morningstar Wealth has partnered with Apollo, Franklin Templeton and JPMorgan to launch research-driven model portfolios combining public and private market exposure for financial advisers. The portfolios will include access to private markets through interval funds, using Morningstar's independent research with open-architecture allocations from multiple asset managers. The collaboration comes as Morningstar's shares face pressure, closing at $153.68, down 27% year-to-date and 48.8% over the past year. The stock trades 37.5% below the consensus analyst target of $246. The development could broaden how advisers build client portfolios, particularly where demand for alternative assets is growing. Adoption rates and flows into the interval funds will be key indicators of the initiative's success.