Rating Analyst - Structured Finance

S&P Global • Toronto, ON

1d • $62,000 - $89,000 • Hybrid

About The Position

The Structured Finance and Alternate Investment Funds Credit Ratings team is part of the Global Ratings Services team, with 1,400 analysts globally. This 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, offering market-relevant perspectives on performance trends, issuance conditions, and AI's role in origination and securitization. The team specializes in analyzing residential mortgage-backed securities (RMBS) across various sub-asset types. In this role, you will support the end-to-end analysis of new issue and surveillance RMBS transactions. S&P Global's values of Discovery, Integrity, and Partnership guide their work, and they embrace AI as an enabler, guided by rigorous governance and risk management, to enhance human intelligence, relationships, and insights. By leveraging technology with human expertise, they help teams navigate complexity and deliver actionable, decision-ready intelligence.

Requirements

• 2+ years of relevant work experience, preferably within a Structured Finance Ratings capacity or prior work experience working in residential mortgage credit at a bank or independent mortgage company.
• Collaborative teammate who manages priorities and communicates clearly in a partnership-driven environment.
• Learning agility and continuous improvement mindset, comfortable adopting new tools while protecting quality and accountability.
• Ability to support juniors through guidance, quality checks, and knowledge sharing including responsible AI practices.
• Strong research/data analysis skills.
• Financial statement/data competence; experience supporting modelling preferred.
• Understanding of credit/risk concepts.
• Practical AI fluency: uses GenAI/LLMs to augment analysis.
• Strong spreadsheet skills; willingness to learn data/automation tools to supervise and validate automated outputs.
• Effective written and verbal communicator, able to present research and analysis in a clear, structured way that supports informed decision making.
• High standards for accuracy, traceability, and documentation.
• Responsible technology use: follows approved boundaries to protect confidentiality and integrity.

Nice To Haves

• A master’s degree or professional certification (such as CFA) is highly valued.
• Candidates from traditional finance disciplines as well as diverse academic backgrounds that support innovative and critical thinking are welcome.

Responsibilities

• Develop credit judgment through feedback/coaching and standard methodologies; reinforce standard ways of working to improve consistency and trust.
• Support AI-enabled team productivity by sharing reusable prompts, templates, checklists, and automations that support judgment, reduce rework, and accelerate delivery.
• Support onboarding/capability-building of more junior colleagues through guidance on routines, quality standards, and effective use of approved tools.
• Contribute to workflow improvement initiatives.
• Support innovation by proactively challenging existing processes, leveraging new tools, and applying fresh perspectives to complex data and problem-solving.
• Own delivery for assigned credits with clear status updates, strong prioritization, and early escalation of risks/dependencies to ensure decision-ready outputs.
• Maintain ongoing surveillance for assigned credits, synthesizing developments into insights that support analytical discussions and committee materials with clear evidence.
• Build/maintain analytical packs using standard templates; apply automation to reduce rework while retaining human ownership of conclusions.
• Use approved GenAI/LLM tools as an enabler for research/comparison/drafting.
• Collect/reconcile/validate data; identify anomalies/gaps early.
• Support maintenance/review of models under guidance; document assumptions/changes; standardize routines to reduce operational risk.
• Support rating committees by preparing well-evidenced materials and responding to follow-up questions with transparency on sources and assumptions.
• Translate data, analysis, and research into clear, decision-ready narratives for clients and senior stakeholders.
• Clarify technical information, bring new ideas forward, and adapt messaging to the audience.
• Apply confidentiality, documentation, and governance requirements consistently, ensuring human accountability for final analysis and committee content.
• Support testing of automation/agentic AI tools identified through process improvement initiatives.

Benefits

• Health care coverage designed for the mind and body.
• Generous time off helps keep you energized for your time on.
• Access a wealth of resources to grow your career and learn valuable new skills.
• Competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs.
• Perks for your partners and little ones, with some best-in class benefits for families.
• Retail discounts to referral incentive awards.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level