Associate Director - Esoteric ABS Structured Finance Ratings

S&P Global, Inc; Toronto; On-site; CAD 143,000 - 243,000; Full time

Job summary

A global financial ratings agency is seeking an Associate Director for its Structured Finance practice in Toronto. This role involves managing the end-to-end rating process, conducting cash flow analyses, and ensuring the credit quality of collateral pools. Ideal candidates should possess a master's degree in financial engineering and at least five years of experience in structured finance. The position offers excellent opportunities for professional growth and a collaborative work environment.

Qualifications

• Minimum of five years of relevant experience in Structured Finance.
• Experience with cash flow modelling for non-traditional assets.
• Strong proficiency with Excel and analytical skills.

Responsibilities

• Complete the end-to-end ratings process for transactions.
• Perform cash flow analysis and present findings in committees.
• Manage relationships with internal and external clients.

Skills

Quantitative analysis

Problem solving

Verbal communication

Written communication

Project management

Interpersonal skills

Education

Master's degree in financial engineering

Undergraduate or Graduate degree

Tools

Excel

PowerPoint

Word

C++

MATLAB

Python

R

VBA

Job description

Overview

About the Role :

The Team : S&P Global Ratings is seeking an Associate Director to join its Structured Finance practice, which provides credit ratings and opinions for securitizations backed by a wide variety of nontraditional assets. In this role, the Associate Director will be responsible for end-to-end rating process, research, cash flow, credit, and structural analytics, and client-facing activities for new issue ratings and surveillance of Non-traditional ABS transactions.

The Impact : This role blends research and quantitative and qualitative analytical skills, client-facing interactions, and project management. Daily tasks include completing the end-to-end ratings process, reviewing documents, assessing the credit profile of collateral pools, and conducting cash flow analyses to determine the credit rating impact of stress tests to the structures and enhancement levels under various economic scenarios. The Associate Director is expected to conduct credit rating committees and interact with bankers, issuers and investors on analytical matters. Furthermore, the Associate Director will play an important role in improving our analytical tools and streamlining our processes by drawing on computer and data science skills.

What\'s in it for you :

Structured finance is an important sector of the capital markets and is a key funding source and growth driver for many areas of the economy. If you are interested in helping to facilitate this growth while challenging yourself in a fast-paced environment, this is the right position for you. It offers the opportunity to work in a collegial culture with great potential for professional development and career growth. To succeed, you must be comfortable with quantitative analysis and have a knack for problem solving.

Responsibilities :

• Complete the end-to-end ratings process for new issue and surveillance transactions.
• Perform cash flow analysis, synthesize results, and present findings in a timely manner in committees for non-traditional assets, including transportation ABS, private equity, triple NNN, data centers, time-share, whole business.
• Analyze credit, cash flow, and performance characteristics of collateral pools. Review third-party model output and reconcile with cash flow results from internal models.
• Review legal and operating documents to ensure consistency with criteria and identify issues with the transaction structure. Provide comments to external parties.
• Actively manage relationships with internal and external clients.
• Demonstrate strong knowledge of ratings criteria and cash flow analysis and be able to handle clients\' analytical questions.
• Actively contribute to our training and outreach efforts, including the completion of timely commentaries, podcasts, and webinars.

Compensation / Benefits

(This section is only applicable to US candidates)

S&P Global states that the anticipated base salary range for this position is $103,800.00 to $175,000.00. Final base salary for this role will be based on the individual\'s geographic location, as well as experience level, skill set, training, licenses and certifications.

What We\'re Looking For

Basic Qualifications :

• Undergraduate or Graduate degree. A master\'s degree in financial engineering is a decisive asset.
• At minimum of five (5) or more years of relevant work experience, preferably within a Structured Finance Ratings capacity, prior work experience working with Esoteric ABS or novel assets classes and prior legal ratings experience is a plus.
• Strong proficiency with Excel, Word, PowerPoint
• Experience with cash flow modelling for non-traditional assets
• Understanding of financial markets
• Excellent verbal and written communications skills
• Excellent research skills
• Ability to analyze and solve non-routine problems with ingenuity in a timely and insightful manner
• Project management skills
• Ability to manage multiple tasks and tight deadlines under time pressure
• Strong interpersonal skills and ability to work well in a collaborative team
• Diligent and intellectually curious self-starter with a strong work ethic and a drive to succeed

Preferred Qualifications :

• Knowledge of cash flow modelling and programming languages (e.g. C++, MATLAB, Python, R or VBA
• Strong Excel skills
• Proven research, verbal, and written communication skills

Locations :

New York, NY | Chicago, IL | Englewood, CO | Toronto, Canada

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

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.

If you need an accommodation during the application process due to a disability, please send an email to : [e-mail] and your request will be forwarded to the appropriate person.

Recruitment Fraud Alert

If you receive an email from a spglobalind.com domain or any other regionally based domains, it is a scam and should be reported to [e-mail]. S&P Global never requires any candidate to pay money for job applications, interviews, offer letters, "pre-employment training" or for equipment / delivery of equipment. Stay informed and protect yourself from recruitment fraud by reviewing our guidelines, fraudulent domains, and how to report suspicious activity here.

202 - Middle Professional (EEO Job Group) (inactive), 20 - Professional (EEO-2 Job Categories-United States of America), RATNGS202.2 - Middle Professional Tier II (EEO Job Group)