Associate Director - Structured Finance

S&P Global Inc.; Melbourne; On-site; AUD 180,000 - 240,000; Full time

Benefits offered by this job

Health & Wellness

Flexible Downtime

Continuous Learning

Invest in Your Future

Family Friendly Perks

Job summary

S&P Global Ratings in Melbourne seeks a senior analyst to evaluate credit risk in RMBS and ABS, leading analytical execution, due diligence, and stakeholder engagement. You will guide junior colleagues, ensure regulatory and methodological rigor, and apply responsible AI within structured finance workflows.

The role emphasizes collaboration across global teams, risk governance, and high-quality client insights, with a focus on Australian residential and asset-backed transactions.

Qualifications

• Strong proficiency in Excel, financial modeling, and cash flow analysis.
• Demonstrated credit and financial analysis skills and ability to translate complexity into narratives.
• Effective written and verbal communication for committee-ready docs and investor engagement.
• Practical AI fluency with generative AI tools embedded in analytics workflows with governance.
• High standards for accuracy, traceability, and governance in data and models.
• Fluent English, both written and spoken.

Responsibilities

• Lead end-to-end analytical execution for RMBS and ABS transactions, reviewing documents for criteria compliance.
• Lead surveillance updates, connect performance data to risk themes, and document model assumptions.
• Conduct due diligence meetings with issuers and manage relationships with issuers and investors.
• Ensure adherence to methodology, data governance, and responsible AI practices in workflows.
• Coach and mentor junior analysts, scaling automation and standardizing tooling.

Skills

Excel & Modeling

Credit Analysis

Communication Skills

Generative AI

Governance

English Fluency

Education

Bachelor's degree

Master's preferred

CFA valued

Job description

About the Role

Grade Level (for internal use): 12

About the Role The Structured Finance practice evaluates the credit risk of securitized products by analyzing underlying asset performance, structural protections, cash-flow mechanics, and stress scenarios, producing opinions that help issuers and investors compare complex instruments. The Australian team focuses specifically on Residential Mortgage (RMBS) and Auto and Equipment (ABS) transactions, responsible for credit analysis, cash flow modeling, and transaction document analysis in support of new issue ratings and ongoing surveillance. The team is part of S&P Global Ratings' global analyst community of more than 1,400 analysts across key financial hubs worldwide, dedicated to delivering high-quality insights and exceptional client service.

What You'll Do

Impact At S&P Global, our values — Discovery, Integrity, and Partnership — shape how we work, collaborate, and earn trust. We embrace AI as an enabler, guided by rigorous governance and risk management, to enhance the intelligence of our people, deep relationships, and trusted insights. By leveraging technology with human expertise, we help our teams navigate complexity and deliver actionable, decision-ready intelligence without compromising quality, accountability, or integrity.

Responsibilities

Team Contribution & Capability Building

• Act as a senior reference point, coaching analysts on credit fundamentals, modeling discipline, and responsible AI use; coordinate work across credits, anticipate capacity and quality risks, and embed continuous improvement by updating playbooks and standard operating procedures.

Core Analytical & Delivery

• Lead end-to-end analytical execution for new issue RMBS and ABS transactions, including detailed review of legal and operating documents for compliance with criteria and identification of structural issues, setting a consistently high bar for quality and timeliness.
• Lead surveillance and analytical updates, connecting performance data and market developments to forward‑looking risk themes; validate inputs, reconcile metrics, and document model assumptions to ensure consistency and clarity of reasoning.

Stakeholder & Market Engagement

• Conduct due diligence meetings with issuers and actively manage relationships with issuers, intermediaries, and investors; synthesize complex analysis into executive-ready, market-facing narratives that convey S&P Global's analytical expertise and influence decisions.

Risk Management and Operating

• Ensure adherence to methodology, confidentiality, and data governance requirements; embed responsible AI use in workflows and contribute to the design and scaling of controlled automation and agentic workflow solutions.

What We're Looking For

Required Skills and Experience

• Strong proficiency in Excel, financial modeling, and cash flow analysis, with a strong understanding of financial markets, structured products, and their relationship to credit risk.
• Demonstrated credit and financial analysis skills, with the ability to translate complexity into decision-useful narratives and connect market developments to emerging risk themes.
• Effective written and verbal communication skills for committee-ready documentation, issuer due diligence, and engagement with investors and market participants.
• Practical AI fluency, with experience embedding generative AI and large language model tools into analytical workflows to increase productivity, paired with disciplined validation, governance, and judgment.
• High standards for accuracy, traceability, and governance, with sound judgment on responsible AI use, including validation, data protection, and adherence to approved boundaries.
• English: Required — Fluent (able to conduct meetings, collaborate effectively, and communicate clearly in writing and verbally).

Preferred or Helpful Experience

• Proven coaching and mentoring experience, developing junior analysts through feedback and quality review, reinforcing human accountability in AI-enabled work and driving process simplification through standardization and tooling.
• Demonstrated ability to scale automation and agentic workflows by defining requirements, supporting testing and user acceptance testing, and enabling adoption.

Education

• Bachelor's degree or equivalent required.
• A master's degree or professional certification (such as CFA) is highly valued.

We welcome candidates from traditional finance disciplines as well as diverse academic backgrounds that support innovative and critical thinking.

Additional Information

An S&P Global employee at this level would typically have 7 to 12 years of relevant experience in structured finance, including RMBS and ABS analysis.

We require all candidates who reach the final stage of our interview process to attend at least one in‑person interview, which is ordinarily at your nearest S&P Global Ratings office. This must be completed before we can proceed to an offer.

Employees are required to work from the office a minimum of two days per week.

About S&P Global Ratings

At S&P Global Ratings, our analyst-driven credit ratings, research, and sustainable finance opinions provide critical insights that are essential to translating complexity into clarity so market participants can uncover opportunities and make decisions with conviction. By bringing transparency to the market through high-quality independent opinions on creditworthiness, we enable growth across a wide variety of organizations, including businesses, governments, and institutions.

S&P Global Ratings is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets.

With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today.

For more information, visit www.spglobal.com/ratings.

What’s In It For You?

Our Mission

Advancing Essential Intelligence.

Our People

We're more than 35,000 strong worldwide—so we're able to understand nuances while having a broad perspective. Our team is driven by curiosity and a shared belief that Essential Intelligence can help build a more prosperous future for us all.From finding new ways to measure sustainability to analyzing energy transition across the supply chain to building workflow solutions that make it easy to tap into insight and apply it.

We are changing the way people see things and empowering them to make an impact on the world we live in. We’re committed to a more equitable future and to helping our customers find new, sustainable ways of doing business. Join us and help create the critical insights that truly make a difference.

Our Values

Integrity, Discovery, Partnership

Benefits

• Health & Wellness: Health care coverage designed for the mind and body.
• Flexible Downtime: Generous time off helps keep you energized for your time on.
• Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.


• Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company‑matched student loan contribution, and financial wellness programs.
• Family Friendly Perks: It’s not just about you. S&P Global has perks for your partners and little ones, too, with some best‑in class benefits for families.


• Beyond the Basics: From retail discounts to referral incentive awards—small perks can make a big difference.

For more information on benefits by country visit: https://spgbenefits.com/benefit-summaries.

Global Hiring and Opportunity at S&P Global

At S&P Global, we are committed to fostering a connected and engaged workplace where all individuals have access to opportunities based on their skills, experience, and contributions. Our hiring practices emphasize fairness, transparency, and merit, ensuring that we attract and retain top talent. By valuing different perspectives and promoting a culture of respect and collaboration, we drive innovation and power global markets.

S&P Global has a Securities Disclosure and Trading Policy (“the Policy”) that seeks to mitigate conflicts of interest by monitoring and placing restrictions on personal securities holding and trading. The Policy is designed to promote compliance with global regulations. In some Divisions, pursuant to the Policy’s requirements, candidates at S&P Global may be asked to disclose securities holdings. Some roles may include a trading prohibition and remediation of positions when there is an effective or potential conflict of interest. Employment at S&P Global is contingent upon compliance with the Policy.

Equal Opportunity Employer

S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law.

Only electronic job submissions will be considered for employment.

US Candidates Only: Know Your Rights: Workplace discrimination is illegal.