Ratings Analytical Intern

S&P Global; Toronto; Hybrid; CAD 20,000 - 27,000; Full time

Job summary

S&P Global Ratings in Toronto is seeking a motivated undergraduate student for a summer internship. You will learn ratings criteria and methodology, assist with preparing documents for rating committees, and collaborate with analysts on a mock ratings project.

You will analyze quarterly statistics, support reporting and modelling tasks, and explore how AI tools can derive insights within our analytical framework. Residency in Canada and a two-day in-office requirement are needed.

Qualifications

• Undergraduate student in their penultimate year of study; all majors welcome; accounting, business, economics, finance, math, and quantitative majors preferred.
• Must reside in Toronto for the duration of the internship.
• Must have the right to work in Canada.

Responsibilities

• Learn and understand ratings criteria and methodology
• Assist with preparing required documents for rating committee and issuer management meetings
• Work with assigned summer intern project teams to successfully complete and present during mock ratings committee
• Provide timely and accurate quarterly financial statistics and data analysis
• Assist in reporting, research, presentations and modelling
• Utilize AI technologies to analyze large datasets and derive actionable insights, integrating them into existing analytical frameworks
• Support the team on improvement in execution and ad-hoc writing projects
• All employees are required to work from the office a minimum of 2 days per week
• Attend at least one in-person interview at the nearest S&P Global Ratings office before an offer

Skills

Excel proficiency

English fluency

Analytical thinking

Communication skills

Ability to learn quickly

Education

Undergraduate student (penultimate year)

Tools

AI tools familiarity

Job description

About the Role:

When you join S&P Global Ratings, you join one of the world's leading providers of independent credit risk research and benchmarks. You will be part of a team that produces high quality fundamental research based on established criteria, you have the opportunity to ask probing questions to senior corporate executives, and interact with the global investor community.

With offices in 26 countries, rating $47.5 trillion in debt, and with nearly 1,400 credit analysts, S&P Global Ratings is an important part of the world’s financial infrastructure and has played a leading role for more than 150 years in providing investors and financers the information they need to more easily, quickly and efficiently provide capital to businesses and governments.

The Business Practice Groups include: Corporates, Public Finance, Financial Institutions, Structured Finance, Sovereign and International Public Finance, and Infrastructure.

Grade Level (for internal use):

05

What you stand to gain:

• You will be offered the opportunity to assist S&P Global in achieving its mission of being one of the leading providers of the highest quality risk evaluations and analytical information to the world’s financial markets.
• Summer interns will work with junior and senior analysts within S&P Global and senior management of issuing entities through the ratings process (including ratings committees and management meetings).
• You will also complete a group mock ratings committee project for the duration of the summer program. Interns will be provided with an unrated company or entity and will be responsible for all due diligence and research, in order to develop a suggested credit rating for the assigned entity. Interns will present their final recommendation at the end of the internship to a Ratings Committee, comprised of senior business leaders.
• At the end of our internship program interns have the opportunity to be considered for our 2028 CREDit graduate program.
• To get a sense of what our CREDit graduate program entails, please see a video here (https://youtu.be/4PelF-NINBE?si=9F9APCQ5wkiCcrm-) providing an overview of one of our current CREDit graduate’s experience. Laura made this video in conjunction with her university; IE University.

Responsibilities:

• Learn and understand ratings criteria and methodology
• Assist with preparing required documents for rating committee and issuer management meetings
• Work with assigned summer intern project teams to successfully complete and present during mock ratings committee
• Provide timely and accurate quarterly financial statistics and data analysis
• Assist in reporting, research, presentations and modelling
• Utilize AI technologies to analyze large datasets and derive actionable insights, integrating them into existing analytical frameworks.
• Support the team on improvement in execution and ad-hoc writing projects.
• All employees are required to work from the office a minimum of 2 days per week.
• 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.

What we’re looking for:

Basic Required Qualifications

• Undergraduate students in their penultimate year of study only. All majors welcome. Accounting, Business Administration, Economics, Engineering, Finance, Financial Engineering, Math, Public Policy, Quantitative Analysis, Data and Statistics majors preferred
• You must reside in the location of the internship throughout its entire duration.
• You must have the right to work in the country of proposed employment.
• Adept with Excel and other Microsoft Office products (Word, Outlook, PowerPoint).
• Able to learn quickly, multi-task and work in a fast-paced environment.
• Problem-solving, time-management, attention to detail and organizational abilities.
• The ability and the desire to learn to conduct your own analysis and research, showing initiative and resourcefulness.
• Fluent command of English Language is essential, as is being fluent in the primary language of the country of application.
• Strong verbal & written communication skill

Additional Preferred Qualifications:

• Familiarity with AI technologies or tools, including Machine Learning Algorithms, Natural Language Processing Tools, and/or Robotic Process Automation, reflecting a forward-thinking approach.

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

Throughout our history, the world's leading organizations have relied on us for the Essential Intelligence they need to make confident decisions about the road ahead. We start with a foundation of integrity in all we do, bring a spirit of discovery to our work, and collaborate in close partnership with each other and our customers to achieve shared goals.

Benefits:

We take care of you, so you can take care of business. We care about our people. That’s why we provide everything you—and your career—need to thrive at S&P Global.

Our benefits include:

• 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.

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.

US Candidates Only:

Know Your Rights: Workplace discrimination is illegal (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf)