Associate Director - Structured Credit - CLO Ratings
S&P Global, Englewood, CO, United States
About The Role
Grade Level: 12. The Associate Director works on the U.S. Structured Credit – CLO team, part of the Structured Finance Group at S&P Global Ratings. The team assigns and monitors credit ratings for securitizations backed by broadly syndicated or middle‑market corporate loans, focusing on CLO transactions.
Responsibilities
Conduct detailed reviews of legal and operating documents to ensure compliance with criteria and identify issues with the transaction structure.
Perform CLO cash‑flow analysis (new issue and surveillance), synthesize results, and articulate key drivers, sensitivities, and rating implications for committee discussion.
Act as a recognized CLO subject‑matter expert within the team, frequently advising colleagues on complex structures, criteria applications, and analytical conclusions.
Participate in client meetings and credit rating committees; communicate analysis clearly and adapt messaging to different audiences (internal committees, arrangers, issuers, investors).
Actively manage relationships with issuers, intermediaries, and investors while effectively communicating S&P Global Ratings’ methodologies and procedures.
Take accountability for consistent, sustainable execution by strengthening analytical workflows, documentation standards, and quality controls (beyond individual transactions).
Work collaboratively across teams and functions to incorporate diverse perspectives, build trust, and drive alignment on analytical outcomes and process improvements.
Work on special projects as directed by the analytical team manager, including initiatives that improve functional operations through data‑driven analysis and practical recommendations.
Coach and empower junior team members on modeling, document review, and committee preparedness; provide constructive feedback to support development.
All employees are required to work from the office a minimum of two days per week.
Qualifications
5+ years of experience in Structured Finance (CLO, ABS, MBS, etc.) or related financial services roles.
Strong proficiency with Excel, financial models, and financial data.
Bachelor’s degree in finance, business, mathematics, or related field demonstrating strong analytical capabilities.
Strong understanding of financial markets and their relationship to S&P Global products, including how CLO performance and structural features interact across credit cycles.
Excellent verbal and written communication skills, with the ability to communicate complex analytical conclusions clearly across different audiences and situations.
Ability to analyze and solve non‑routine problems in a timely and insightful manner, including evaluating alternatives and recommending actions based on rigorous analysis.
Ability to manage competing priorities and resources effectively, adapting to shifting timelines, new information, and changing market conditions while maintaining quality.
Preferred Qualifications
Excellent research and project management skills.
Graduate degree in relevant discipline or a Juris Doctorate degree.
Prior legal document review preferred.
Strong interpersonal skills and ability to work well in a collaborative team, building trust and fostering a sense of belonging.
Diligent and intellectually curious self‑starter with a strong work ethic and a drive to succeed.
Compensation Base salary range: $135,000 to $175,000, based on geographic location, experience level, skill set, training, licenses and certifications.
Right to Work This role is limited to persons with an indefinite right to work in the United States.
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.
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Responsibilities
Conduct detailed reviews of legal and operating documents to ensure compliance with criteria and identify issues with the transaction structure.
Perform CLO cash‑flow analysis (new issue and surveillance), synthesize results, and articulate key drivers, sensitivities, and rating implications for committee discussion.
Act as a recognized CLO subject‑matter expert within the team, frequently advising colleagues on complex structures, criteria applications, and analytical conclusions.
Participate in client meetings and credit rating committees; communicate analysis clearly and adapt messaging to different audiences (internal committees, arrangers, issuers, investors).
Actively manage relationships with issuers, intermediaries, and investors while effectively communicating S&P Global Ratings’ methodologies and procedures.
Take accountability for consistent, sustainable execution by strengthening analytical workflows, documentation standards, and quality controls (beyond individual transactions).
Work collaboratively across teams and functions to incorporate diverse perspectives, build trust, and drive alignment on analytical outcomes and process improvements.
Work on special projects as directed by the analytical team manager, including initiatives that improve functional operations through data‑driven analysis and practical recommendations.
Coach and empower junior team members on modeling, document review, and committee preparedness; provide constructive feedback to support development.
All employees are required to work from the office a minimum of two days per week.
Qualifications
5+ years of experience in Structured Finance (CLO, ABS, MBS, etc.) or related financial services roles.
Strong proficiency with Excel, financial models, and financial data.
Bachelor’s degree in finance, business, mathematics, or related field demonstrating strong analytical capabilities.
Strong understanding of financial markets and their relationship to S&P Global products, including how CLO performance and structural features interact across credit cycles.
Excellent verbal and written communication skills, with the ability to communicate complex analytical conclusions clearly across different audiences and situations.
Ability to analyze and solve non‑routine problems in a timely and insightful manner, including evaluating alternatives and recommending actions based on rigorous analysis.
Ability to manage competing priorities and resources effectively, adapting to shifting timelines, new information, and changing market conditions while maintaining quality.
Preferred Qualifications
Excellent research and project management skills.
Graduate degree in relevant discipline or a Juris Doctorate degree.
Prior legal document review preferred.
Strong interpersonal skills and ability to work well in a collaborative team, building trust and fostering a sense of belonging.
Diligent and intellectually curious self‑starter with a strong work ethic and a drive to succeed.
Compensation Base salary range: $135,000 to $175,000, based on geographic location, experience level, skill set, training, licenses and certifications.
Right to Work This role is limited to persons with an indefinite right to work in the United States.
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.
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