Senior Analyst, Credit Analysis, Structured Finance

About the Role

Grade Level (for internal use)

11

The Team

Structured Finance, Japan

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 Structured Finance practice evaluates the credit risk of securitized products by analyzing 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.

You will report to the Analytical Manager, Structured Finance and be working closely with a number of highly experienced industry specialists.  You will act in an analytical role providing analysis and research in the Structured Finance team in Tokyo Japan.

As a Ratings Analyst/Senior Analyst, you will be conducting credit and financial analysis with the support from the team leads, reviewing, researching, and managing data, running credit models, analyzing cash flows, and preparing analytical documentation. You will be an effective communicator working within the Structured Finance Analytical team as well as being an ambassador for S&P Global ratings with market participants.

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:

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

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

• Celebrating 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.

• Connecting 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

• Provide day-to-day guidance/coaching to Research Assistants and Rating Analysts, building capability in credit, data discipline, and tooling and reinforcing values-led behaviors.

• Drive consistency/scalability by codifying standard work and promoting disciplined adoption to strengthen trusted, repeatable insights.

• Strengthen AI-enabled productivity by creating reusable assets and proposing lightweight automations that free capacity for human analysis and relationship work.

• Foster continuous improvement by proposing enhancements that remove manual steps without compromising governance or judgement.

• Partner with senior team members and Data/Engineering to identify and scale AI/automation use cases with governance-by-design, controls, and adoption support.

Core Analytical & Delivery

• Lead end-to-end execution for assigned credits, ensuring high-quality analysis and timely delivery across priorities with clear accountability.

• Own surveillance/updates for assigned portfolio, synthesizing performance, market signals, and peer context into decision-useful insights and clear implications for risk.

• Supporting LLM tools/automation being embedded to accelerate workflows, followed by structured validation and refinement using analytical judgement to maintain trusted conclusions.

• Operate alongside AI agents in recurring workflows.

• Prepare/review inputs, reconcile metrics, document assumptions/changes to ensure adherence to methodologies/standard operating procedures.

• Prepare/review key outputs ensuring clarity and alignment to methodology/sector frameworks and evidentiary standards.

• Support maintenance/review of models to ensure robustness and repeatability and clear linkage to risk views.

Stakeholder & Market Engagement

• Engage with external parties alongside senior team members.

• Crafts client and executive-ready stories that translate complex data, analysis, and research into a clear narrative. Advising on issues within clear parameters, integrating and communicating complex information to convey S&P’s analytical expertise and drive engagement with market participants.

• Building trusted stakeholder relationships through emotionally intelligent, collaborative and adaptable delivery.

Risk Management and Operating

• Ensure adherence to methodology/confidentiality/data governance; escalate issues early with options/recommendations to protect integrity and trust.

• Embed responsible, governed AI use: approved tools/data only; protect confidential info.

• Drive controlled automation/agentic workflows by contributing to design requirements/controls, supporting testing/rollout, and training others.

• Supports decisions relating to guardrails for automation: defining what can be automated vs must remain human-led (especially material risk calls and committee conclusions).

What We’re Looking For

• Experience in managing and interpreting data for analytical purposes

• Solid analytical capability, team player and has good time management skills

• Fluent in Japanese, business level English communication ability.

Team Contribution & Capability Building

• Ownership/execution maturity across multiple credits; delivers high quality with limited oversight and models values-led behavior.

• Strong collaboration/relationship management; influences through credibility and constructive challenge.

• Coaching capability that improves team consistency through shared standards and tools.

• Continuous improvement mindset.

• AI fluency with judgement.

Core Analytical & Delivery

• Strong credit/financial/risk analysis linking drivers to forward-looking views and risk appetite.

• Practical experience embedding AI/LLMs/agents into workflows to improve productivity and insight.

• Strong analytical tool capability; willingness to learn data/automation tools to facilitate AI-enabled workflows.

Stakeholder & Market Engagement

• Strong synthesis into concise narratives for senior stakeholders/committees with transparent evidence.

• Effective written and verbal communicator, able to present research and analysis in a clear, structured way that supports informed decision making.

Risk Management and Operating

• High standards for quality, traceability, and governance; operates effectively in controlled environments.

• Sound judgement on responsible AI use.

• Ability to contribute to scalable automation/agent workflows.

Additional Information

• An S&P Global employee at this level would typically have three to five years’ of relevant work experience.

• 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 ca