Associate Director - Structured Finance Ratings, Esoteric Assets, New York, Chicago, Denver, or Toronto
S&P Global
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Benefits offered by this job
Job summary
S&P Global Ratings is seeking a senior analyst to lead end-to-end ratings processes for non-traditional assets, leveraging AI-enabled tools with governance. The role involves cash-flow analysis, risk assessment, and client engagement, with focus on high-quality, decision-ready outputs.
Applicants should bring substantial credit analysis experience, coaching skills for junior staff, and a track record of driving process improvement and responsible AI adoption within a global ratings
Qualifications
- Complete end-to-end ratings process for new issues and surveillance.
- Perform cash flow analysis and synthesize results for committees across non-traditional assets.
- Review legal/operating documents for criteria alignment and issue comments to external parties.
- Demonstrate strong knowledge of ratings criteria and answer clients’ analytical questions.
- Adopt GenAI/LLMs with governance and validation to improve productivity.
Responsibilities
- Execute end-to-end analytical work with high quality, timeliness, and clarity for assigned portfolio.
- Lead surveillance and updates, tying performance to market developments and risk themes.
- Own outputs, ensuring consistent reasoning and presentation for committees.
- Validate inputs and document assumptions, model changes, and reconciliations.
- Collaborate with stakeholders to develop high-impact AI-enabled use cases with governance.
Skills
Education
Tools
Job description
Grade Level (for internal use):
12
Credit Ratings is an integral part of the Global Ratings Services team,comprisinga diverse group of 1,400 analysts spread across key financial hubs worldwide. We are dedicated to delivering high-quality insights and exceptional client service across all industry sectors.
The Esoteric ABS team assigns credit ratings to securities backed by non-traditional collateral like corporate securitizations, data centres, triple-net leases, transportation assets, De-Fi, etc. byanalysingunderlying 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 topics such as performance trends, issuance conditions, andAI’s role in origination and securitization.
At S&P Global, our values - Discovery, Integrity, and Partnership - shape how we work, how we collaborate, and how we earn trust with our customers and each other. We embrace AI as an enabler, guided by rigorous governance and risk management, to enhance what has always defined us: 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.
AtS&P Global Ratings, you will contribute to independent credit opinions the market relies on, strengthened by innovation that accelerates analysis.
We are People Forward. When you join S&P Global, you’ll benefit from:
- Joininga diverse community where your growth and well-being come first—just like the 35,000+ colleagues who choose S&P Global every day.
- Bringingyour best self to work in an environment that values inclusion, collaboration, and authentic engagement.
- Celebratingyour achievements with us.We’recommitted to your continuous learning, offering education, training, and career coaching to help you grow and adapt in a changing world.
- Connectingthrough our People Resource Groups, which foster awareness, engagement, and a sense of community—both within S&P Global and beyond.
- Act as senior reference point coaching (Research Assistants, Rating Analysts and Senior Analysts) on credit fundamentals, modelling discipline, data quality, and standard work including how to use AI as an enabler with governance.
- Coordinate work across credits;anticipatecapacity/quality risks; influence outcomes through planning and constructive challengein ambiguous situations.
- Embed continuous improvement into routines by improving playbooks/SOPs/prompt libraries and driving adoption.
- Partner with stakeholders to identifyand shape high-impact use cases, supporting testing/adoption/rollout with governance, controls, and change management.
- Fosters a critical thinking mindsetchallenging assumptions and the status quo to generate insights that shape market views and strategic decisions.
- Model enterprisebehaviors: Discovery, Integrity, and Partnership including human-centric leadership alongside AI-enabled change.
- Deliver end-to-end analytical execution across a defined portfolio, setting a consistently high bar for quality, timeliness, and clarity to sustain customer trust.
- Lead surveillance and analytical updates, connecting performance, market developments, and issuer peers to forward-looking risk themes.
- Own the quality of key outputs, ensuring consistency and clarity of reasoning.
- Use approved GenAI/LLMs to accelerate research/comparisons/drafting.
- Operate effectively alongside AI agents in recurring workflows.
- Support the execution of AI-driven projects.
- Validate inputs, reconcile metrics, documentassumptions/model changes.
- Synthesizes data, analysis, and research into executive-ready, market-facing narratives that convey S&P’s analyticalexpertise—leveragingbroad market knowledge and detailed analysis to deliver trusted advice that influences decisions.
- Builds collaborative stakeholder trust through empathetic communication, differentiates S&P’s market viewpoint, and drives engagement with market participants.
- Contribute to strategic initiativesand also thought leadership by researching, drafting, and refining content with senior team input.
- Ensure adherence tomethodology/confidentiality/data governance requirements; escape emerging risks early.
- Embed responsible AI use inworkflowprocess.
- Drive controlled automation/agentic workflows to remove low-leverage work, defining requirements/controlsand partnering with Data/Engineering to scale safely while setting expectations for ongoing monitoring and human oversight.
**** S&P Globalstatesthat theanticipatedbase salary range for this positionis $110,000 USDto $193,000USD. 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. In addition to base compensation, this role is eligible for an annual incentive plan. For more information on the benefits we provide to our employees, please clickhere (https://spgbenefits.com/benefit-summaries) .
S&P Globalstatesthat theanticipatedrange of compensation for this position is110,000CADto172,000CAD. Final compensation for this role will be based on the individual’s performance, geographic location, as well as experience level, skill set, training, licenses, and certifications. In accordance withOntario's new regulations effective January 1, 2026, this job posting provides information on expected compensation. S&P Global will not beutilizingartificial intelligence in our hiring process. Additionally, we are committed to transparency and will inform all interviewed candidates of hiring decisions within 45 days of their interview. This posting is for an existing vacancy, and we encourage you to reach out for further informationregardingour hiring practices or any questions you may have. Thank you for considering a career with us!
- Complete the end-to-end ratings process for new issue and surveillance transactions.
- Perform cash flow analysis, synthesize results, and present findingsin a timely mannerin committees forvariousnon-traditional assets, including transportation ABS, private equity, triple NNN, datacentres, time-share, whole business, and De-Fi transactions.
- Analysecredit, 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 andidentifyissues 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 oftimelycommentaries, podcasts, and webinars.
- Execution maturity across credit portfolio; delivers high quality with limited oversight.
- Strong collaboration/communication; influences through credibility and constructive challenge.
- Proven coaching/mentorship; develops juniors through feedback and quality review and reinforces human accountability in AI-enabled work.
- Continuous improvement mindset with evidence of simplifying processes throughstandardization, tooling, and automation.
- Comfortable with ambiguity and change, adapting quickly as processes/tools evolve.
- Ability to scale automation/agent workflows by defining problems, supporting testing/UAT, identifying controls, and enabling adoption.
- Strong research/data/credit/financialanalysis;translates complexity into decision-useful narratives grounded in evidence and judgement.
- Strong understanding of the financial services environment and ability to connect developments toemergingrisk themes.
- Practical AI fluency: experience embedding GenAI/LLMs and agentic workflows to increase productivity/insight as an enabler of humanexpertise, paired with disciplined validation, governance, and judgement.
- Strong analytical tool capability; willingness to learn data/automation tools to oversee AI-enabled production.
- Effective written and verbal skills for committee-ready documentation/presentation and interactions with issuers,investorsand market participants.
- High standardsfor accuracy, traceability, and governance; consistent adherence tomethodology/documentation/confidentiality expectations.
- Sound judgement on responsible AI/automation (validation, bias/hallucination awareness, data protection, attribution, approved boundaries).
- An S&P Global employee at this level would typically havefive to tenyears’of relevant work experience.
- 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.
- Employeesare required towork from the office a minimum of two days per week.
- Candidates who reach the final stage of the interview process will be asked to attend at least one in-person interview at their nearest S&P Global Ratings office before an offer can be extended.
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
Advancing Essential Intelligence.
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.
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.
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
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: EEO.Compliance@spglobal.com 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)
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)
Job ID: 330312
Posted On: 2026-10-28
Location: New York, New York, United States
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