Associate - Structured Finance Ratings - U.S. ABS Unsecured
Location: Chicago, Illinois
Type: Full Time
Internal Number: 18516828
Associate - Structured Finance Ratings - U.S. ABS Unsecured
The Team: The ABS Unsecured 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 student loans, credit card assets and unsecured consumer loans.
The Role: An Associate is responsible for rating a portfolio of credits and managing the end-to-end ratings process from the initial engagement through the publication of reports. The Associate will review documents, consider the legal dimensions of transaction structures, develop an understanding of and apply relevant rating criteria, assess the credit profile of collateral pools, work with financial and cash flow models to stress test the structures and enhancement levels under various economic scenarios. The Associate will also be the primary analytical contact for bankers, issuers, and investors and will resolve any analytical inquiries that may arise during the rating process. Associates who excel in this role will have opportunities to work across more complex asset classes, assume greater account and project lead responsibilities, and advance into more senior analytical roles.
What's in it for you: Structured Finance is an important sector of the capital markets and is a key funding source and growth driver for many areas of the economy. If you are interested in this exciting sector, while challenging yourself in a fast-paced environment, this is the right position for you. It offers the opportunity to work in a collegial culture with great potential for professional development and career growth.
Understand the financial market and be able to use and understand financial models for various types of ABS transactions securitizations.
Analyze credit quality and cash flow characteristics of collateral pools. Review performance data, credit models, underwriting criteria, and macroeconomic and sector factors.
Conduct detailed reviews of legal and operating documents to ensure compliance with criteria and identify issues with the transaction structure. Provide feedback to external parties.
Prepare written and oral presentations to rating committees. Make recommendations to committees and actively participate in committee deliberations.
Draft thorough yet concise press releases and presale reports. Collaborate with internal parties (editorial, data, etc.) to manage the publication of ratings and reports to external audiences.
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 of ABS by helping to resolve clients' analytical needs.
What We're Looking For: Basic Qualifications:
Minimum 2-5 years of relevant work experience.
Strong proficiency with Excel, Word, and PowerPoint
Experience with cash flow modeling.
Understanding of financial markets.
Excellent verbal and written communication skills.
Excellent research skills.
Ability to analyze and solve non-routine problems with ingenuity in a timely and insightful manner.
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.
Bachelor's degree required, preferably in finance or economics.
Master's degree or CFA is desirable.
US Location: New York, NY | Centennial, CO | Dallas, TX | Chicago, IL | Boston, MA Canada Locations: Toronto, CA
Grade/Level ( relevant for internal applicants only ): 11
(No Sponsorship Available) This role is limited to persons with the indefinite right to work in the United States (for US locations) and/or Canada (for Canadian locations).
Return to Work Have you taken time out for caring responsibilities and are now looking to return to work? As part of our Return-to-Work initiative, we are encouraging enthusiastic and talented returners to apply, and will actively support your return to the workplace.
Compensation/Benefits Information (US Applicants Only): S&P Global states that the anticipated base salary range for this position is $85,700 to $170,400 . Base salary ranges may vary by geographic location. 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. For more information on the benefits we provide to our employees, visit https://www.spgbenefitessentials.com/newhires .
About Company Statement : S&P Global delivers essential intelligence that powers decision-making. We provide the world's leading organizations with the right data, connected technologies, and expertise they need to move ahead. As part of our team, you'll help solve complex challenges that equip businesses, governments, and individuals with the knowledge to adapt to a changing economic landscape. S&P Global Ratings offers critical insights for credit, risk, and sustainable finance solutions that are essential to translating complexity into clarity, so market participants can uncover opportunities.
Equal Opportunity Employer S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law. Only electronic job submissions will be considered for employment.
If you need an accommodation during the application process due to a disability, please send an email to: EEO.Compliance@spglobal.com and your request will be forwarded to the appropriate person.
US Candidates Only: The EEO is the Law Poster http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf describes discrimination protections under federal law.