Senior Analyst, Structured Credits

S&P Global, Inc.; Paris; Sur place; EUR 90 000 - 130 000; Plein temps

Résumé du poste

S&P Global Ratings is seeking an experienced analyst to evaluate CLO credit risk and oversee the end-to-end ratings process from engagement to publication. The role involves analyzing transaction documents, collateral, cash flows, and macro scenarios, while maintaining surveillance on a CLO portfolio and delivering clear, client-ready insights.

The position emphasizes governance, responsible AI use, and collaboration with bankers, issuers, and investors to drive engagement and trusted outcomes.

Qualifications

• Demonstrated CLO credit analysis experience and ability to interpret data and collateral profiles.
• Strong credit, financial and risk analysis skills with ability to link drivers to forward-looking views.
• Experience embedding AI or automation into analytical workflows to improve productivity.

Responsabilités

• Lead end-to-end CLO credit analysis, including deal documents, legal dimensions, collateral pool, and cash flow modeling.
• Own surveillance and updates for assigned CLO portfolio, synthesize performance signals and peer context.
• Serve as primary analytical contact for bankers, issuers and investors, delivering clear narratives and engaging market participants.
• Ensure adherence to methodology, governance, and data confidentiality; contribute to automation and controlled workflows.

Connaissances

CLO credit analysis

Credit & risk analysis

Data interpretation

Communication skills

AI in workflows

Formation

Bachelor's degree or equivalent

Master's degree or CFA valued

Description du poste

About the Role

Grade Level (for internal use): 11 About the Role The Structured Finance and Alternate Investment Funds practice evaluates the credit risk of securitized products and fund structures by analyzing underlying asset performance, structural protections, cash-flow mechanics, and downside stress scenarios. Analysts produce opinions that help issuers and investors compare complex instruments, bringing market-relevant perspectives on performance trends, issuance conditions, and AI's role in origination and securitization. This role specializes in rating Collateralized Loan Obligations (CLOs), managing the end-to-end ratings process from initial engagement through report publication, and serves as the primary analytical contact for bankers, issuers, and investors throughout the rating process, while also maintaining a portfolio of CLOs for ongoing surveillance.

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 Guide and coach Research Assistants and Rating Analysts in credit analysis, data discipline, and analytical tooling; codify standard work and propose automation improvements that free capacity for higher-value human analysis and relationship work.

Core Analytical & Delivery Lead end-to-end CLO credit analysis, including review of transaction documents, consideration of legal dimensions, collateral pool assessment, and cash flow modeling to stress-test structures and enhancement levels under various economic scenarios.

Own surveillance and analytical updates for an assigned CLO portfolio, synthesizing performance, market signals, and peer context into decision-useful insights; validate inputs, reconcile metrics, and document model assumptions to ensure adherence to methodology and evidentiary standards.

Stakeholder & Market Engagement Serve as the primary analytical contact for bankers, issuers, and investors — resolving analytical inquiries, translating complex CLO analysis into clear, client-ready narratives, and communicating S&P Global's analytical expertise to drive engagement with market participants.

Risk Management and Operating Ensure adherence to methodology, confidentiality, and data governance requirements, escalating issues early with recommendations; embed responsible AI use — approved tools and data only — and contribute to the design, testing, and rollout of controlled automation workflows.

What We're Looking For

Required Skills and Experience

Demonstrated experience in CLO credit analysis, including managing and interpreting data, assessing collateral profiles, and applying structured finance analytical frameworks. Strong credit, financial, and risk analysis skills, with the ability to link fundamental drivers to forward-looking views and risk appetite. Effective written and verbal communication skills, with the ability to synthesize complex analysis into concise, evidence-based narratives for senior stakeholders, committees, issuers, and investors. Practical experience embedding AI, large language models, or automation agents into analytical workflows to improve productivity and insight. High standards for analytical quality, traceability, and governance, with sound judgment on the responsible use of AI in a controlled environment.

English: Required — Fluent (able to conduct meetings, collaborate effectively, and communicate clearly in writing and verbally).

French: Preferred — Fluent (able to conduct meetings, collaborate effectively, and communicate clearly in writing and verbally).

Preferred or Helpful Experience

Coaching capability that improves team consistency through shared standards and tools, with a continuous improvement mindset. Demonstrated ability to contribute to scalable automation and agentic workflows.

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 3 to 5 years of relevant experience in CLO analysis or structured finance. 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 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

• 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] your request will be forwarded to the appropriate person.

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