Associate Director - Esoteric ABS Structured Finance Ratings

S&P Global•Chicago, NY

2d•Hybrid

About The Position

About the Role: Grade Level (for internal use): 12 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.

Requirements

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

Nice To Haves

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

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.

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.

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