Full-Time
Associate Director
Structured Finance Ratings, Esoteric Assets
S&P Global
10,001+ employees
Delivers credit ratings, market data, indices
Compensation Overview
$110k - $193k/yr
Toronto, ON, Canada + 2 more
More locations: Colorado, USA | New York, NY, USA
Hybrid
Two days in the office per week are required; finalists must attend at least one in-person interview.
Bachelor's, Master's
 Finance & Banking |
|---|
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- A Bachelor's degree or equivalent is required.
- Five to ten years of relevant work experience is typical for this level.
- Strong knowledge of ratings criteria and cash flow analysis is required.
- Experience analyzing credit, cash flow, and performance characteristics of collateral pools is required.
- Experience reviewing third-party model output and reconciling it with internal cash flow models is required.
- Experience reviewing legal and operating documents for consistency with criteria and identifying transaction-structure issues is required.
- Strong research, data, credit, and financial analysis capabilities are required.
- A strong understanding of the financial services environment is required.
- Practical experience embedding generative artificial intelligence, large language models, and agentic workflows with disciplined validation, governance, and judgment is required.
- Strong analytical tool capability and willingness to learn data and automation tools are required.
- Effective written and verbal skills are required for committee-ready documentation, presentations, and interactions with issuers, investors, and market participants.
- High standards for accuracy, traceability, governance, methodology, documentation, and confidentiality are required.
- Sound judgment regarding responsible artificial intelligence and automation is required, including validation, bias and hallucination awareness, data protection, attribution, and approved boundaries.
- Complete the end-to-end ratings process for new issue and surveillance transactions.
- Perform cash flow analysis, synthesize results, and present findings in committees for non-traditional assets, including transportation asset-backed securities, private equity, triple-net leases, data centers, timeshare, whole business, and decentralized finance transactions.
- Analyze credit, cash flow, and performance characteristics of collateral pools.
- Review third-party model output and reconcile it with cash flow results from internal models.
- Review legal and operating documents to ensure consistency with criteria and identify issues with transaction structures.
- Provide comments to external parties.
- Act as a senior reference point by coaching Research Assistants, Rating Analysts, and Senior Analysts on credit fundamentals, modeling discipline, data quality, standard work, and governed use of artificial intelligence.
- Coordinate work across credits, anticipate capacity and quality risks, and influence outcomes through planning and constructive challenge in ambiguous situations.
- Improve playbooks, standard operating procedures, and prompt libraries and drive adoption.
- Partner with stakeholders to identify and shape high-impact use cases and support testing, adoption, rollout, governance, controls, and change management.
- Deliver end-to-end analytical execution across a defined portfolio with high standards for quality, timeliness, and clarity.
- Lead surveillance and analytical updates by connecting performance, market developments, and issuer peers to forward-looking risk themes.
- Own the quality of key outputs and ensure consistency and clarity of reasoning.
- Use approved generative artificial intelligence and large language models to accelerate research, comparisons, and drafting.
- Operate effectively alongside artificial intelligence agents in recurring workflows.
- Support the execution of artificial-intelligence-driven projects.
- Validate inputs, reconcile metrics, and document assumptions and model changes.
- Synthesize data, analysis, and research into executive-ready, market-facing narratives.
- Build collaborative stakeholder trust and drive engagement with market participants.
- Contribute to strategic initiatives and thought leadership by researching, drafting, and refining content with senior team input.
- Ensure adherence to methodology, confidentiality, and data governance requirements and escalate emerging risks early.
- Embed responsible artificial intelligence use in workflow processes.
- Drive controlled automation and agentic workflows by defining requirements and controls and partnering with Data and Engineering to scale safely with ongoing monitoring and human oversight.
- Actively manage relationships with internal and external clients.
- Contribute to training and outreach efforts, including timely commentaries, podcasts, and webinars.
- A master's degree is highly valued.
- A professional certification such as Chartered Financial Analyst is highly valued.
S&P Global supplies financial information, analytics, and benchmarks to investors, corporations, and governments. Its offerings include credit ratings, market intelligence, and indices, along with price assessments and energy data. Clients access these tools through subscriptions, licensing, and transaction-based services, integrating data and research into their workflows. The company aims to help clients assess risk, make informed decisions, and drive growth while upholding corporate responsibility and ESG commitments.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1917
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Simplify's Take
What believers are saying
- Q2 2026 pro forma revenue rose 11%, with EPS up 23%.
- Ratings revenue grew 17% and Indices revenue grew 20% on July 28, 2026.
- August 12, 2026 Microsoft partnership expands distribution across analyst workflows and Excel.
What critics are saying
- July 1, 2026 Mobility spin-off removed diversification, increasing dependence on Ratings and Indices.
- 2026 restructuring cut roughly 450 jobs, signaling integration strain and cost pressure.
- 2027 issuance slowdown hits Ratings transaction revenue first, then group margins.
What makes S&P Global unique
- August 12, 2026 Microsoft Copilot integration embeds S&P data inside daily workflows.
- March 10, 2026 SSI Automate tackles manual settlement instructions for T+1 readiness.
- July 28, 2026 Q2 showed Ratings and Indices record growth, proving franchise durability.
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Benefits
Health Insurance
Unlimited Paid Time Off
Professional Development Budget
401(k) Company Match
Family Planning Benefits
Employee Discounts
Company News
S&P Global has made a strategic investment in SSImple, a fintech firm specialising in Standing Settlement Instructions (SSI) management. The partnership aims to modernise the handling of SSIs, which are critical for post-trade settlement but often rely on fragmented, manual processes. The collaboration comes as markets transition to shorter settlement cycles. The US has already moved to T+1 settlement, whilst the UK and EU are shifting to T+1 in October 2027. Shorter cycles reduce time for resolving exceptions, increasing the need for accurate, automated data. Together, the firms have developed SSI Automate, combining SSImple's SSI expertise with S&P Global's market connectivity and workflow capabilities. The solution aims to improve data quality, reduce manual intervention, and support straight-through processing across post-trade operations.
The S&P 500 edged lower despite strong results from NVIDIA and steady core inflation data. NVIDIA reported revenue of $96.2 billion, surpassing the $92 billion consensus, with earnings per share of $2.22 beating the $2.09 estimate. Revenue rose 106% year-over-year. The index closed nearly flat at 7,675.70 points before NVIDIA's report. Core personal consumption expenditures rose 0.2% monthly and 3.3% annually in July, matching economists' expectations. NVIDIA shares fell 1.59% during regular trading to $209.66 but jumped 4.32% to $218.72 in after-hours trading. Hyperscaler revenue more than doubled to $48.7 billion, whilst the AI cloud, industrial, and enterprise segment added $40.3 billion, up 138%. NVIDIA carries the largest weight in the S&P 500, making its quarterly results particularly consequential for the index.
The S&P 500's dividend yield has fallen to a record low of just above 1%, according to Charlie Bilello, chief market strategist at Creative Planning. Whilst dividend payouts haven't decreased, stock prices have risen much faster, particularly amongst megacap technology companies that pay little or nothing in dividends. The shift is forcing retirees to adapt their strategies. Steven Yedlin, a 75-year-old retired doctor, has stopped automatically reinvesting dividends and now directs them to high-yield money-market funds instead. Recent dividend suspensions at Papa John's and UWM Holdings highlight the risks. Papa John's scrapped its quarterly payout following an 8.8% revenue decline to $482.4 million, choosing to redirect funds toward franchise incentives and technology improvements instead.
Wolfe Research reports strong second-quarter earnings momentum for S&P 500 companies, with 69% of the 465 firms that had reported by Wednesday beating revenue forecasts. The dollar-weighted revenue surprise reached 3.8%. Corporate guidance for the third quarter shows unusual confidence, with 64% of the 86 companies providing guidance offering midpoints above consensus—the highest proportion since the COVID period. The firm expects S&P 500 operating earnings per share to grow 31% in 2026, or approximately 27% when adjusted for one-time gains from mega-cap technology companies. Wolfe characterises this as the strongest fundamental environment outside a post-recession recovery in over 50 years. Sustainability of growth into 2027 remains uncertain, particularly given heavy capital expenditure on artificial intelligence.
Expand Energy stands out among three companies popular with Wall Street analysts, according to StockStory's independent analysis. The natural gas and oil producer, formerly Chesapeake Energy, achieved 19.4% annual revenue growth over five years. Its $12.66 billion revenue base provides strong negotiating leverage with suppliers. The company also improved its EBITDA profits and efficiency during this period. In contrast, analysts may be overlooking risks at S&P Global and MSCI, despite bullish consensus price targets suggesting upside of 23.9% and 22.3% respectively. S&P Global's earnings per share growth of 8.5% annually lagged behind revenue gains over the past five years. MSCI shows negative return on equity, indicating management lost money attempting to expand the business. The analysis notes that analysts rarely issue sell ratings, partly because their firms often seek business from covered companies.