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:

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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.

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

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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.

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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

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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.

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Coordinate work across credits;   anticipate   capacity/quality risks; influence outcomes through planning and constructive   challenge   in ambiguous situations.

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Embed continuous improvement into routines by improving playbooks/SOPs/prompt libraries and driving adoption.

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Partner with stakeholders to   identify   and shape high-impact use cases, supporting testing/adoption/rollout with governance, controls, and change management.

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Fosters a critical thinking   mindset   challenging assumptions and the status quo to generate insights that shape market views and strategic decisions.

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Model enterprise   behaviors : Discovery, Integrity, and Partnership including human-centric leadership alongside AI-enabled change.

Core Analytical & Delivery

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Deliver end-to-end analytical execution across a defined portfolio, setting a consistently high bar for quality, timeliness, and clarity to sustain customer trust.

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Lead surveillance and analytical updates, connecting performance, market developments, and issuer peers to forward-looking risk themes.

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Own the quality of key outputs, ensuring consistency and clarity of reasoning.

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Use approved GenAI/LLMs to accelerate research/comparisons/drafting.

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Operate effectively alongside AI agents in recurring workflows.

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Support the execution of AI-driven projects.

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Validate inputs, reconcile metrics, document   assumptions/ model changes.

Stakeholder & Market Engagement

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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.

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Builds collaborative stakeholder trust through empathetic communication, differentiates S&P’s market viewpoint, and drives engagement with market participants.

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Contribute to strategic initiatives   and also   thought leadership by researching, drafting, and refining content with senior team input.

Risk Management and Operating

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Ensure adherence to   methodology /confidentiality/data governance requirements; escalate emerging risks early.

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Embed responsible AI use in   workflow   process.

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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

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Complete the end-to-end ratings process for new issue and surveillance transactions.

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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 .

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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.

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Review legal and operating documents to ensure consistency with criteria and   identify   issues with the transaction structure. Provide comments to external parties.

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Actively manage relationships with internal and external clients.

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Demonstrate strong knowledge of ratings criteria and cash flow analysis and be able to handle clients’ analytical questions.

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Actively contribute to our training and outreach efforts, including the completion of   timely   commentaries, podcasts, and webinars.

Team Contribution & Capability Building

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Execution maturity across credit portfolio; delivers high quality with limited oversight.

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Strong collaboration/communication; influences through credibility and constructive   challenge .

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Proven coaching/mentorship; develops juniors throug