Associate Director, Structured Finance
S&P Global
•
Chicago, IL
0
0
0
0
Not Applicable
Posted March 16, 2026
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Responsibilities
Commitments
Responsibilities
- In this role, analysts have an opportunity to leverage their existing expertise while being exposed to new sectors.
- They’ll be responsible for acting as a primary analyst on new engagements and leveraging their sector experience in the analysis of other engagements.
- They’ll also spend time in a range of 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 & skills from sectors outside of their areas of expertise to build a broad knowledge of assets, markets & structures.
- Perform rigorous analytical work, research, fundamental credit analysis and writing of analytical reports on structured finance and 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 & regions to provide rating solutions for complex & esoteric transactions.
- Serve as a primary analyst on new issue and surveillance transactions, completing the end-to-end ratings process.
- 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 across structured finance and related practices 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.
Commitments
Additionally, we are committed to transparency and will inform all interviewed candidates of hiring decisions within 45 days of their interview.
All employees are required to work from the office a minimum of 2 days per week
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.
Right to Work Requirements: This role is limited to persons with an indefinite right to work in the United States.
Flexible Downtime: Generous time off helps keep you energized for your time on.
S&P Global has a Securities Disclosure and Trading Policy (“the Policy”) that seeks to mitigate conflicts of interest by monitoring and placing restrictions on personal securities holding and trading.
The Policy is designed to promote compliance with global regulations.
In some Divisions, pursuant to the Policy’s requirements, candidates at S&P Global may be asked to disclose securities holdings.
Some roles may include a trading prohibition and remediation of positions when there is an effective or potential conflict of interest.
Employment at S&P Global is contingent upon compliance with the Policy.
Recruitment Fraud Alert
If you receive an email from a spglobalind.com domain or any other regionally based domains, it is a scam and should be reported to reportfraud@spglobal.com.
S&P Global never requires any candidate to pay money for job applications, interviews, offer letters, “pre-employment training” or for equipment/delivery of equipment.
Stay informed and protect yourself from recruitment fraud by reviewing our guidelines, fraudulent domains, and how to report suspicious activity here.
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.
US Candidates Only: Know Your Rights: Workplace discrimination is illegal
202 - Middle Professional (EEO Job Group) (inactive), 20 - Professional (EEO-2 Job Categories-United States of America), RATNGS202.2 - Middle Professional Tier II (EEO Job Group)
Job ID: 325105
Posted On: 2026-03-06
Not Met Priorities
What still needs stronger evidence
Requirements
- Demonstrate strong knowledge of ratings criteria across structured finance and related practices and be able to handle clients’ analytical questions.
- An S&P Global employee at this level would typically have minimum of 3+ years’ experience in structured finance and credit analysis experience
- Ability to consider relative creditworthiness outside of a typical criteria context
- The ability to consider new asset and structural risks in the context of our rating principles
- Diligent and intellectually curious self-starter with a strong work ethic and a drive to succeed.
- 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
- All employees are required to work from the office a minimum of 2 days per week
- 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.
- Knowledge of cash flow modeling and programming languages (e.g.
- C++, MATLAB, Python, R or VBA) and strong Excel skills.
- Right to Work Requirements: This role is limited to persons with an indefinite right to work in the United States.
Preferred Skills
- Experience with cash flow modeling
- MBA or CFA
- Knowledge of cash flow modeling and programming languages (e.g.
- C++, MATLAB, Python, R or VBA) and strong Excel skills.
Education
- (Required) – Bachelor's degree required.
- (Not required) – This must be completed before we can proceed to an offer.
- (Not required) – MBA or CFA
About The Role
Grade Level (for internal use):
12
About the Team Credit Analytics is an integral part of the Global Ratings Services team, comprising a diverse group of 1400 analysts spread across key financial hubs worldwide. Our culture thrives on collaboration and a global mindset, fostering an environment of inclusivity and continuous learning. We encourage our team members to challenge the status quo, embrace new perspectives, and drive transformative solutions. By joining us, you will be part of a forward-thinking team that is committed to excellence and making a significant impact on the world of credit analytics.
The Role: This role presents an opportunity to contribute to a team at the forefront of ratings innovation focused on structured finance. Financial markets are constantly evolving, and S&P is creating a team to ensure we can provide our credit opinions in a timely fashion on new and innovative structures and risks. The role supports the timely delivery of high-quality credit opinions on innovative and complex structured finance transactions, while maintaining analytical consistency and rigor across rating practices.
Responsibilities And Impact
In this role, analysts have an opportunity to leverage their existing expertise while being exposed to new sectors. They’ll be responsible for acting as a primary analyst on new engagements and leveraging their sector experience in the analysis of other engagements. They’ll also spend time in a range of 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 & skills from sectors outside of their areas of expertise to build a broad knowledge of assets, markets & structures.
Perform rigorous analytical work, research, fundamental credit analysis and writing of analytical reports on structured finance and 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 & regions to provide rating solutions for complex & esoteric transactions.
Serve as a primary analyst on new issue and surveillance transactions, completing the end-to-end ratings process. 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 across structured finance and related practices 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.
Compensation/Benefits Information
US Candidates: S&P Global states that the anticipated range of compensation for this position is $120,400 to $180,000. 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 $100,000 to $165,000. 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.
In accordance with Ontario's new regulations effective January 1, 2026, this job posting provides information on expected compensation. S&P Global will not be utilizing artificial intelligence in our hiring process. Additionally, we are committed to transparency and will inform all interviewed candidates of hiring decisions within 45 days of their interview. This posting is for an existing vacancy, and we encourage you to reach out for further information regarding our hiring practices or any questions you may have. Thank you for considering a career with us!
Basic Qualifications
What We’re Looking For :
An S&P Global employee at this level would typically have minimum of 3+ years’ experience in structured finance and credit analysis experience
Ability to consider relative creditworthiness outside of a typical criteria context
The ability to consider new asset and structural risks in the context of our rating principles
Diligent and intellectually curious self-starter with a strong work ethic and a drive to succeed.
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
Bachelor's degree required.
All employees are required to work from the office a minimum of 2 days per week
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.
Preferred Qualifications
MBA or CFA
Knowledge of cash flow modeling and programming languages (e.g. C++, MATLAB, Python, R or VBA) and strong Excel skills.
Right to Work Requirements: This role is limited to persons with an indefinite right to work in the United States.
About S&P Global Ratings
At S&P Global Ratings, our analyst-driven credit ratings, research, and sustainable finance opinions provide critical insights that are essential to translating complexity into clarity so market participants can uncover opportunities and make decisions with conviction. By bringing transparency to the market through high-quality independent opinions on creditworthiness, we enable growth across a wide variety of organizations, including businesses, governments, and institutions.
S&P Global Ratings is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today.
For more information, visit www.spglobal.com/ratings
What’s In It For You?
Our Mission
Advancing Essential Intelligence.
Our People
We're more than 35,000 strong worldwide—so we're able to understand nuances while having a broad perspective. Our team is driven by curiosity and a shared belief that Essential Intelligence can help build a more prosperous future for us all.From finding new ways to measure sustainability to analyzing energy transition across the supply chain to building workflow solutions that make it easy to tap into insight and apply it. We are changing the way people see things and empowering them to make an impact on the world we live in. We’re committed to a more equitable future and to helping our customers find new, sustainable ways of doing business. Join us and help create the critical insights that truly make a difference.
Our Values
Integrity, Discovery, Partnership
Throughout our history, the world's leading organizations have relied on us for the Essential Intelligence they need to make confident decisions about the road ahead. We start with a foundation of integrity in all we do, bring a spirit of discovery to our work, and collaborate in close partnership with each other and our customers to achieve shared goals.
Benefits
We take care of you, so you can take care of business. We care about our people. That’s why we provide everything you—and your career—need to thrive at S&P Global.
Our Benefits Include
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.
For more information on benefits by country visit: https://spgbenefits.com/benefit-summaries
Global Hiring And Opportunity At S&P Global
At S&P Global, we are committed to fostering a connected and engaged workplace where all individuals have access to opportunities based on their skills, experience, and contributions. Our hiring practices emphasize fairness, transparency, and merit, ensuring that we attract and retain top talent. By valuing different perspectives and promoting a culture of respect and collaboration, we drive innovation and power global markets.
S&P Global has a Securities Disclosure and Trading Policy (“the Policy”) that seeks to mitigate conflicts of interest by monitoring and placing restrictions on personal securities holding and trading. The Policy is designed to promote compliance with global regulations. In some Divisions, pursuant to the Policy’s requirements, candidates at S&P Global may be asked to disclose securities holdings. Some roles may include a trading prohibition and remediation of positions when there is an effective or potential conflict of interest. Employment at S&P Global is contingent upon compliance with the Policy.
Recruitment Fraud Alert
If you receive an email from a spglobalind.com domain or any other regionally based domains, it is a scam and should be reported to reportfraud@spglobal.com. S&P Global never requires any candidate to pay money for job applications, interviews, offer letters, “pre-employment training” or for equipment/delivery of equipment. Stay informed and protect yourself from recruitment fraud by reviewing our guidelines, fraudulent domains, and how to report suspicious activity here.
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.
US Candidates Only: Know Your Rights: Workplace discrimination is illegal
202 - Middle Professional (EEO Job Group) (inactive), 20 - Professional (EEO-2 Job Categories-United States of America), RATNGS202.2 - Middle Professional Tier II (EEO Job Group)
Job ID: 325105
Posted On: 2026-03-06
Location: New York, New York, United States
Grade Level (for internal use):
12
About the Team Credit Analytics is an integral part of the Global Ratings Services team, comprising a diverse group of 1400 analysts spread across key financial hubs worldwide. Our culture thrives on collaboration and a global mindset, fostering an environment of inclusivity and continuous learning. We encourage our team members to challenge the status quo, embrace new perspectives, and drive transformative solutions. By joining us, you will be part of a forward-thinking team that is committed to excellence and making a significant impact on the world of credit analytics.
The Role: This role presents an opportunity to contribute to a team at the forefront of ratings innovation focused on structured finance. Financial markets are constantly evolving, and S&P is creating a team to ensure we can provide our credit opinions in a timely fashion on new and innovative structures and risks. The role supports the timely delivery of high-quality credit opinions on innovative and complex structured finance transactions, while maintaining analytical consistency and rigor across rating practices.
Responsibilities And Impact
In this role, analysts have an opportunity to leverage their existing expertise while being exposed to new sectors. They’ll be responsible for acting as a primary analyst on new engagements and leveraging their sector experience in the analysis of other engagements. They’ll also spend time in a range of 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 & skills from sectors outside of their areas of expertise to build a broad knowledge of assets, markets & structures.
Perform rigorous analytical work, research, fundamental credit analysis and writing of analytical reports on structured finance and 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 & regions to provide rating solutions for complex & esoteric transactions.
Serve as a primary analyst on new issue and surveillance transactions, completing the end-to-end ratings process. 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 across structured finance and related practices 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.
Compensation/Benefits Information
US Candidates: S&P Global states that the anticipated range of compensation for this position is $120,400 to $180,000. 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 $100,000 to $165,000. 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.
In accordance with Ontario's new regulations effective January 1, 2026, this job posting provides information on expected compensation. S&P Global will not be utilizing artificial intelligence in our hiring process. Additionally, we are committed to transparency and will inform all interviewed candidates of hiring decisions within 45 days of their interview. This posting is for an existing vacancy, and we encourage you to reach out for further information regarding our hiring practices or any questions you may have. Thank you for considering a career with us!
Basic Qualifications
What We’re Looking For :
An S&P Global employee at this level would typically have minimum of 3+ years’ experience in structured finance and credit analysis experience
Ability to consider relative creditworthiness outside of a typical criteria context
The ability to consider new asset and structural risks in the context of our rating principles
Diligent and intellectually curious self-starter with a strong work ethic and a drive to succeed.
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
Bachelor's degree required.
All employees are required to work from the office a minimum of 2 days per week
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.
Preferred Qualifications
MBA or CFA
Knowledge of cash flow modeling and programming languages (e.g. C++, MATLAB, Python, R or VBA) and strong Excel skills.
Right to Work Requirements: This role is limited to persons with an indefinite right to work in the United States.
About S&P Global Ratings
At S&P Global Ratings, our analyst-driven credit ratings, research, and sustainable finance opinions provide critical insights that are essential to translating complexity into clarity so market participants can uncover opportunities and make decisions with conviction. By bringing transparency to the market through high-quality independent opinions on creditworthiness, we enable growth across a wide variety of organizations, including businesses, governments, and institutions.
S&P Global Ratings is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today.
For more information, visit www.spglobal.com/ratings
What’s In It For You?
Our Mission
Advancing Essential Intelligence.
Our People
We're more than 35,000 strong worldwide—so we're able to understand nuances while having a broad perspective. Our team is driven by curiosity and a shared belief that Essential Intelligence can help build a more prosperous future for us all.From finding new ways to measure sustainability to analyzing energy transition across the supply chain to building workflow solutions that make it easy to tap into insight and apply it. We are changing the way people see things and empowering them to make an impact on the world we live in. We’re committed to a more equitable future and to helping our customers find new, sustainable ways of doing business. Join us and help create the critical insights that truly make a difference.
Our Values
Integrity, Discovery, Partnership
Throughout our history, the world's leading organizations have relied on us for the Essential Intelligence they need to make confident decisions about the road ahead. We start with a foundation of integrity in all we do, bring a spirit of discovery to our work, and collaborate in close partnership with each other and our customers to achieve shared goals.
Benefits
We take care of you, so you can take care of business. We care about our people. That’s why we provide everything you—and your career—need to thrive at S&P Global.
Our Benefits Include
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.
For more information on benefits by country visit: https://spgbenefits.com/benefit-summaries
Global Hiring And Opportunity At S&P Global
At S&P Global, we are committed to fostering a connected and engaged workplace where all individuals have access to opportunities based on their skills, experience, and contributions. Our hiring practices emphasize fairness, transparency, and merit, ensuring that we attract and retain top talent. By valuing different perspectives and promoting a culture of respect and collaboration, we drive innovation and power global markets.
S&P Global has a Securities Disclosure and Trading Policy (“the Policy”) that seeks to mitigate conflicts of interest by monitoring and placing restrictions on personal securities holding and trading. The Policy is designed to promote compliance with global regulations. In some Divisions, pursuant to the Policy’s requirements, candidates at S&P Global may be asked to disclose securities holdings. Some roles may include a trading prohibition and remediation of positions when there is an effective or potential conflict of interest. Employment at S&P Global is contingent upon compliance with the Policy.
Recruitment Fraud Alert
If you receive an email from a spglobalind.com domain or any other regionally based domains, it is a scam and should be reported to reportfraud@spglobal.com. S&P Global never requires any candidate to pay money for job applications, interviews, offer letters, “pre-employment training” or for equipment/delivery of equipment. Stay informed and protect yourself from recruitment fraud by reviewing our guidelines, fraudulent domains, and how to report suspicious activity here.
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.
US Candidates Only: Know Your Rights: Workplace discrimination is illegal
202 - Middle Professional (EEO Job Group) (inactive), 20 - Professional (EEO-2 Job Categories-United States of America), RATNGS202.2 - Middle Professional Tier II (EEO Job Group)
Job ID: 325105
Posted On: 2026-03-06
Location: New York, New York, United States