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Associate Director - Structured Credit - CLO Ratings

Associate Director - Structured Credit - CLO Ratings

S&P GlobalNew York, NY, US
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Associate Director, Structured Credit Practice

The U.S. Structured Credit - CLO team is part of the broader Structured Finance Group at S&P Global Ratings. The team assigns and monitors credit ratings for securitizations backed by broadly syndicated or middle market corporate loans.

S&P Global is seeking an experienced analyst to join its Structured Finance Ratings group as an Associate Director in the Structured Credit practice. The practice provides credit ratings of structured products that are backed by pools of assets, mainly focused on Collateralized Loan Obligation (CLO) transactions.

The Associate Director will be an integral part of the analytical team, which is responsible for cash flow modeling and transaction document analysis in support of new issue ratings and surveillance of CLO transactions. The Associate Director will review documents as it pertains to our CLO criteria and conduct cash flow analyses to stress test the structures and enhancement levels under various economic scenarios. The Associate Director will also participate in credit rating committees and interact with bankers, issuers and investors on analytical matters.

The successful candidate will be a well-rounded individual who possesses strong analytical and communications skills, which are essential for engaging with market participants.

The Associate Director's core responsibilities will center on document analysis of CLO transactions as follows :

  • Conduct detailed reviews of legal and operating documents to ensure compliance with criteria and identify issues with the transaction structure. Provide comments to external parties.
  • Actively manage relationships with issuers, intermediaries and investors. Effectively communicate S&P's methodologies and procedures. Participate in client meetings.
  • Demonstrate strong knowledge of ratings criteria and cash flow analysis.
  • Work on special projects as directed by the analytical team manager.

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 $135,000 to $175,000. 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. This role is eligible to receive additional S&P Global benefits.

What We're Looking For :

  • Graduate degree in a relevant discipline and 5+ years of relevant work experience. A JD and or prior legal document review experience is a decisive asset.
  • A minimum of 5+ years of relevant work experience in Structured Finance (CLO, ABS, MBS, etc.) or previous experience in related financial services roles
  • Strong proficiency with Excel, financial models and financial data.
  • Strong understanding of financial markets and their relationship to S&P Global products.
  • Excellent verbal and written communications skills are required.
  • 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.
  • Diligent and intellectually curious self-starter with a strong work ethic and a drive to succeed.
  • Excellent research skills.
  • Project management skills.
  • Ability to manage multiple tasks and tight deadlines under time pressure.
  • Strong interpersonal skills and ability to work well in a collaborative team.
  • Diligent and intellectually curious self-starter with a strong work ethic and a drive to succeed.
  • Right to Work Requirements :

    For US candidates, this role is limited to persons with 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 Purpose :

    Progress is not a self-starter. It requires a catalyst to be set in motion. Information, imagination, people, technologythe right combination can unlock possibility and change the world. Our world is in transition and getting more complex by the day. We push past expected observations and seek out new levels of understanding so that we can help companies, governments and individuals make an impact on tomorrow. At S&P Global we transform data into Essential Intelligence, pinpointing risks and opening possibilities. We Accelerate Progress.

    Our People :

    We're more than 35,000 strong worldwideso 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. We're constantly seeking new solutions that have progress in mind. Join us and help create the critical insights that truly make a difference.

    Our Values :

    Integrity, Discovery, Partnership

    At S&P Global, we focus on Powering Global Markets. 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 youand your careerneed 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 awardssmall 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

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