Associate Director - Structured Finance Ratings, Esoteric Assets, New York, Denver, or Toronto

About the Role:

Grade Level (for internal use):

12 The Team:

Credit Ratings is an integral part of the Global Ratings Services team,  comprising  a diverse group of 1,400 analysts spread across key financial hubs worldwide. We are dedicated to delivering high-quality insights and exceptional client service across all industry sectors.

The Esoteric   ABS team   assigns credit ratings to securities   backed by non-traditional   collateral like   corporate securitizations, data   centres , triple-net lease s , transpor tation   assets ,   De-Fi, etc.   by analysing underlying asset performance, structural protections, cash-flow mechanics, and downside stress scenarios .

Analysts produce opinions that help issuers and investors compare complex instruments, bringing market-relevant perspectives on topics such as performance trends, issuance conditions, and AI’s role in origination and securitization.

The Impact:

At S&P Global, our values   -   Discovery, Integrity, and Partnership   -   shape how we work, how we collaborate, and how we earn trust with our customers and each other. We embrace AI as an enabler, guided by rigorous governance and risk management, to enhance what has always defined us: the intelligence of our people, deep relationships, and trusted insights.

By   leveraging   technology with human   expertise , we help our teams navigate complexity and deliver actionable, decision-ready intelligence   without compromising quality, accountability, or integrity.

What You Stand to Gain:

At S&P Global Ratings, you will contribute to independent credit opinions the market relies on, strengthened by innovation that accelerates analysis.

We are People Forward. When you join S&P Global,   you’ll   benefit   from:

Join ing   a diverse community where your growth and well-being come first—just like the 35,000+ colleagues who choose S&P Global every day.

Bring ing   your best self to work in an environment that values inclusion, collaboration, and authentic engagement.

Celebrat ing   your achievements with us.   We’re   committed to your continuous learning, offering education, training, and career coaching to help you grow and adapt in a changing world.

Connect ing   through our People Resource Groups, which foster awareness, engagement, and a sense of community—both within S&P Global and beyond.

Responsibilities:

• Team Contribution & Capability Building
• Act as senior reference point coaching (Research Assistants, Rating Analysts and Senior Analysts) on credit fundamentals, modelling discipline, data quality, and standard work including how to use AI as an enabler with governance.
• Coordinate work across credits;   anticipate   capacity/quality risks; influence outcomes through planning and constructive   challenge   in ambiguous situations.
• Embed continuous improvement into routines by improving playbooks/SOPs/prompt libraries and driving adoption.
• Partner with stakeholders to   identify   and shape high-impact use cases, supporting testing/adoption/rollout with governance, controls, and change management.
• Fosters a critical thinking   mindset   challenging assumptions and the status quo to generate insights that shape market views and strategic decisions.
• Model enterprise   behaviors : Discovery, Integrity, and Partnership including human-centric leadership alongside AI-enabled change.
• Core Analytical & Delivery
• Deliver end-to-end analytical execution across a defined portfolio, setting a consistently high bar for quality, timeliness, and clarity to sustain customer trust.
• Lead surveillance and analytical updates, connecting performance, market developments, and issuer peers to forward-looking risk themes.
• Own the quality of key outputs, ensuring consistency and clarity of reasoning.
• Use approved GenAI/LLMs to accelerate research/comparisons/drafting.
• Operate effectively alongside AI agents in recurring workflows.
• Support the execution of AI-driven projects.
• Validate inputs, reconcile metrics, document   assumptions/ model changes.
• Stakeholder & Market Engagement
• Synthesizes data, analysis, and research into executive-ready, market-facing narratives that convey S&P’s analytical   expertise — leveraging   broad market knowledge and detailed analysis to deliver trusted advice that influences decisions.
• Builds collaborative stakeholder trust through empathetic communication, differentiates S&P’s market viewpoint, and drives engagement with market participants.
• Contribute to strategic initiatives   and also   thought leadership by researching, drafting, and refining content with senior team input.
• Risk Management and Operating
• Ensure adherence to   methodology /confidentiality/data governance requirements; escalate emerging risks early.
• Embed responsible AI use in   workflow   process.
• Drive controlled automation/agentic workflows to remove low-leverage work, defining requirements/ controls   and partnering with Data/Engineering to scale safely while setting expectations for ongoing monitoring and human oversight.

Compensation/Benefits Information: ( This section is only applicable to US candidates:)   S&P Global  states  that the  anticipated  base salary range for this position is $ 110,000   USD to $ 193,000  USD. Final base salary for this role will be based on the individual’s geographic location, as well as experience level, skill set, training, licenses, and certifications. In addition to base compensation, this role is eligible for an annual incentive plan.

For more information on the benefits we provide to our employees, please click  here .

Compensation/Benefits Information:  (This section is only applicable to Canadian candidates:)  S&P Global  states  that the  anticipated  range of compensation for this position is  110,000  CAD to  172,000  CAD. 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!

What   We’re   Looking For:

• Practice   Nuance s
• 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   various   non-traditional assets, including transportation ABS, private equity, triple NNN, data   centres , time-share, whole business , and De-Fi transactions .
• Ana lyse   cr edit, 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 be able to handle clients’ analytical questions.
• Actively contribute to our training and outreach efforts, including the completion of   timely   commentaries, podcasts, and webinars.
• Team Contribution & Capability Building
• Execution maturity across credit portfolio; delivers high quality with limited oversight.
• Strong collaboration/communication; influences through credibility and constructive   challenge .
• Proven coaching/mentorship; develops juniors through feedback and quality review and reinforces human accountability in AI-enabled work.
• Continuous improvement mindset with evidence of simplifying processes through   standardization , tooling, and automation.
• Comfortable with ambiguity and change, adapting quickly as processes/tools evolve.
• Ability to scale automation/agent workflows by defining problems, supporting testing/UAT,   identifying   controls, and enabling adoption.
• Core Analytical & Delivery
• Strong research/data/credit/financial   analysis;   translates complexity into decision-useful narratives grounded in evidence and judgement.
• Strong understanding of the financial services environment and ability to connect developments to   emerging   risk themes.
• Practical AI fluency: experience embedding GenAI/LLMs and agentic workflows to increase productivity/insight as an enabler of human   expertise , paired with disciplined validation, governance, and judgement.
• Strong analytical tool capability; willingness to learn data/automation tools to oversee AI-enabled production.
• Stakeholder & Market Engagement
• Effective written and verbal skills for committee-ready documentation/presentation and interactions with issuers,   investors   and market participants.
• Risk Management and Operating
• High standards   for accuracy, traceability, and governance; consistent adherence to   methodology /documentation/confidentiality expectations.
• Sound judgement on responsible AI/automation (validation, bias/hallucination awareness, data protection, attribution, approved boundaries).
• Additional Information
• An S&P Global employee at this level would typically have   five to ten   years’   of relevant work experience.
• Education: Bachelor’s degree or equivalent required. A master’s degree or professional certification (such as CFA) is highly valued. We welcome candidates from traditional finance disciplines as well as diverse academic backgrounds that support innovative and critical thinking.
• Employees   are required to   work from the office a minimum of two days per week.
• Candidates who reach the final stage of the interview process will be asked to attend at least one in-person interview at their nearest S&P Global Ratings office before an offer can be extended.

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.