Associate Director - Structured Credit​/Alternative Investment Funds

About the Role

Grade Level (for internal use): 12

This role presents an opportunity to contribute to a team at the forefront of ratings innovation. Financial markets are constantly evolving, and S&P Global Ratings is creating a team to ensure we can provide credit opinions in a timely fashion on new and innovative structures and risks. The primary focus area is Fund Finance / Structured Finance. The team will be responsible for market engagement and education, executing on new rating engagements and publishing research.

Responsibilities and Impact:

In this role, analysts have an opportunity to leverage their existing expertise while being exposed to new sectors. They’ll act as a primary analyst on new engagements, leveraging their sector experience in the analysis of other engagements, and participate in pre-engagement discussions to provide market education and discuss the rating feasibility of new and innovative structures. The successful candidate will be a key contributor to a new team in support of a key strategic priority for Ratings and will be challenged to add competencies and skills from sectors outside of their existing expertise to build broad knowledge of assets, markets and structures.

• Perform rigorous analytical work, research, fundamental credit analysis and writing of analytical reports on cross-practice transactions.
• Interact with market participants to educate external stakeholders about S&P’s analytical approaches and assess analytical proposals on novel structures and presentation of analytical findings to internal and external constituencies.
• Collaborate with analytic teams from different practices and regions to provide rating solutions for complex and esoteric transactions.
• 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.
• 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 cross practice and be able to handle clients’ analytical questions.
• Actively contribute to training and outreach efforts, including timely commentaries, podcasts, and webinars.

(This section is only applicable to US candidates)

S&P Global states that the anticipated base salary range for this position is $ to $180,000. Final base salary for this role will be based on geographic location, experience level, skill set, training, licenses, and certifications.

Basic

Required Qualifications:

• A bachelor’s degree in Business, Economics, Information Technology, or a related field of analytical studies
• 3-5 years of relevant experience typical for this level
• Financial Institutions and Structured Finance industry experience focusing on ABS or credit analysis in funds finance within the financial services industry, including banking
• Comfort considering relative creditworthiness outside of a typical criteria context
• The ability to consider new asset and structural risks in the context of rating principles
• Diligent and intellectually curious self-starter with a strong work ethic
• Strong proficiency with Excel, financial models, and financial data
• Strong understanding of financial markets and their relationship to S&P products
• Excellent verbal and written communication skills
• Ability to analyze and solve non-routine problems in a timely and insightful manner
• Ability to multi-task and manage deadlines under time pressure
• Strong interpersonal skills and ability to work well in a collaborative team
• Excellent research skills
• Experience with cash flow modeling for esoteric assets, including triple net, data centers, private equity, transportation ABS
• This role is limited to persons with indefinite right to work in the United States
• All employees are required to work from the office a minimum of 2 days per week

• Knowledge of cash flow modeling and programming languages (e.g. C++, MATLAB,…