Associate Director - Esoteric ABS Structured Finance Ratings
S&P Global, Englewood, CO, United States
About the Role
Associate Director – Structured Finance – Abacus ratings
Grade Level (for internal use) 12
The Team Our team specializes in analyzing complex, non-traditional asset classes including transportation ABS, private equity, triple net lease properties, data centers, time-share, and whole business securitizations. We foster a collaborative environment where analytical excellence meets innovative problem‑solving, supporting the growth of structured finance markets globally.
The Impact As an Associate Director, you will drive the end‑to‑end rating process for complex esoteric ABS transactions, directly influencing capital market decisions and investor confidence. This role blends research and quantitative and qualitative analytical skills, client‑facing interactions, and project management. Your analytical expertise will shape rating outcomes through comprehensive cash‑flow modeling, credit assessment, and structural analysis 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, you 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. This role offers exceptional opportunities to work with cutting‑edge financial structures and emerging asset classes in a fast‑paced, intellectually stimulating environment. You’ll benefit from working in a collegial culture with significant potential for professional development and career advancement within S&P Global’s prestigious Structured Finance division. To succeed, you must be comfortable with quantitative analysis and have a knack for problem solving. This position provides direct exposure to senior leadership and the opportunity to influence analytical methodologies and market standards.
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 esoteric assets, including transportation ABS, private equity, triple net lease properties, data centers, time‑share, and whole business securitizations
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 effectively handle clients’ analytical questions
Actively contribute to our training and outreach efforts, including the completion of timely commentaries, podcasts, and webinars
Lead and mentor junior team members, providing guidance on complex analytical matters
Take ownership of process improvements and contribute to the development of new analytical tools
Represent S&P Global Ratings at industry conferences and client meetings as a subject‑matter expert
All employees are required to work from the office a minimum of 2 days per week
What We’re Looking For Basic Required Qualifications
An S&P Global employee at this level would typically have 5+ years of relevant work experience, preferably within a Structured Finance Ratings capacity; prior work experience working with esoteric ABS or emerging asset classes and prior structured finance ratings experience is a plus
Bachelor’s degree required; graduate degree preferred. A master’s degree in financial engineering is a decisive asset
Strong proficiency with Excel, Word, and PowerPoint
Experience with cash‑flow modeling for esoteric assets
Understanding of financial markets and structured finance principles
Excellent verbal and written communication skills
Excellent research skills
Ability to analyze and solve complex, non‑routine problems with ingenuity in a timely and insightful manner
Project management skills and ability to lead cross‑functional initiatives
Ability to manage multiple tasks and tight deadlines under time pressure
Strong interpersonal skills and ability to work well in a collaborative team
Demonstrated leadership capabilities and experience mentoring junior colleagues
Diligent and intellectually curious self‑starter with a strong work ethic and a drive to succeed
Proven ability to work independently while maintaining high standards of accuracy and attention to detail
We require all candidates who reach the final stage of our interview process to attend at least one in‑person interview, which is ordinarily at your nearest S&P Global Ratings office. This must be completed before we can proceed to an offer
Additional Preferred Qualifications
Knowledge of cash‑flow modeling and programming languages (e.g. C++, MATLAB, Python, R or VBA)
Advanced Excel skills including VBA and complex financial modeling
Proven research, verbal, and written communication skills
Experience in presenting to senior management and external clients
Compensation/Benefits Information US Candidates
: S&P Global states that the anticipated range of compensation for this position is $142,100.00 to $183,884.00. 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.
Canadian Candidates
: S&P Global states that the anticipated range of compensation for this position is $147,900.00 to $175,000.00. 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. 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.
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.
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Grade Level (for internal use) 12
The Team Our team specializes in analyzing complex, non-traditional asset classes including transportation ABS, private equity, triple net lease properties, data centers, time-share, and whole business securitizations. We foster a collaborative environment where analytical excellence meets innovative problem‑solving, supporting the growth of structured finance markets globally.
The Impact As an Associate Director, you will drive the end‑to‑end rating process for complex esoteric ABS transactions, directly influencing capital market decisions and investor confidence. This role blends research and quantitative and qualitative analytical skills, client‑facing interactions, and project management. Your analytical expertise will shape rating outcomes through comprehensive cash‑flow modeling, credit assessment, and structural analysis 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, you 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. This role offers exceptional opportunities to work with cutting‑edge financial structures and emerging asset classes in a fast‑paced, intellectually stimulating environment. You’ll benefit from working in a collegial culture with significant potential for professional development and career advancement within S&P Global’s prestigious Structured Finance division. To succeed, you must be comfortable with quantitative analysis and have a knack for problem solving. This position provides direct exposure to senior leadership and the opportunity to influence analytical methodologies and market standards.
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 esoteric assets, including transportation ABS, private equity, triple net lease properties, data centers, time‑share, and whole business securitizations
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 effectively handle clients’ analytical questions
Actively contribute to our training and outreach efforts, including the completion of timely commentaries, podcasts, and webinars
Lead and mentor junior team members, providing guidance on complex analytical matters
Take ownership of process improvements and contribute to the development of new analytical tools
Represent S&P Global Ratings at industry conferences and client meetings as a subject‑matter expert
All employees are required to work from the office a minimum of 2 days per week
What We’re Looking For Basic Required Qualifications
An S&P Global employee at this level would typically have 5+ years of relevant work experience, preferably within a Structured Finance Ratings capacity; prior work experience working with esoteric ABS or emerging asset classes and prior structured finance ratings experience is a plus
Bachelor’s degree required; graduate degree preferred. A master’s degree in financial engineering is a decisive asset
Strong proficiency with Excel, Word, and PowerPoint
Experience with cash‑flow modeling for esoteric assets
Understanding of financial markets and structured finance principles
Excellent verbal and written communication skills
Excellent research skills
Ability to analyze and solve complex, non‑routine problems with ingenuity in a timely and insightful manner
Project management skills and ability to lead cross‑functional initiatives
Ability to manage multiple tasks and tight deadlines under time pressure
Strong interpersonal skills and ability to work well in a collaborative team
Demonstrated leadership capabilities and experience mentoring junior colleagues
Diligent and intellectually curious self‑starter with a strong work ethic and a drive to succeed
Proven ability to work independently while maintaining high standards of accuracy and attention to detail
We require all candidates who reach the final stage of our interview process to attend at least one in‑person interview, which is ordinarily at your nearest S&P Global Ratings office. This must be completed before we can proceed to an offer
Additional Preferred Qualifications
Knowledge of cash‑flow modeling and programming languages (e.g. C++, MATLAB, Python, R or VBA)
Advanced Excel skills including VBA and complex financial modeling
Proven research, verbal, and written communication skills
Experience in presenting to senior management and external clients
Compensation/Benefits Information US Candidates
: S&P Global states that the anticipated range of compensation for this position is $142,100.00 to $183,884.00. 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.
Canadian Candidates
: S&P Global states that the anticipated range of compensation for this position is $147,900.00 to $175,000.00. 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. 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.
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.
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