Rating Analyst - Asset‑Backed Securities, Denver or Toronto

Grade Level (internal): 09

About the Role

The Credit Ratings team 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 deliver high-quality insights and exceptional client service across all industry sectors. The Structured Finance and Alternate Investment Funds practice evaluates the credit risk of securitized products and fund structures 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. This role supports the timely delivery of high-quality credit opinions on innovative and complex structured finance transactions backed by ABS assets, as well as ratings on short-term securities, including Letter of Credit, Tender Option Bond, and Commercial Paper.

Impact

At S&P Global, our values—Discovery, Integrity, and Partnership—shape how we work, collaborate, and earn trust with our customers and each other. We embrace AI as an enabler, guided by rigorous governance and risk management, to enhance the intelligence of our people, deep relationships, and trusted insights. By leveraging technology with human expertise, we help teams navigate complexity and deliver actionable, decision-ready intelligence without compromising quality, accountability, or integrity.

Responsibilities

• Team Contribution & Capability Building
  • Develop credit judgment through feedback, coaching, and standard methodologies to improve consistency and trust.
  • Support AI-enabled team productivity by sharing reusable prompts, templates, checklists, and automations that reduce rework and accelerate delivery.
  • Support onboarding and capability-building of junior colleagues through guidance on routines, quality standards, and effective use of approved tools.
  • Contribute to workflow improvement initiatives and innovation by challenging existing processes and applying fresh perspectives.
• Core Analytical & Delivery
  • Own delivery for assigned credits with clear status updates, strong prioritization, and early escalation of risks/dependencies.
  • Maintain ongoing surveillance for assigned credits, synthesizing developments into insights for analytical discussions and committee materials.
  • Build and maintain analytical packs using standard templates; apply automation to reduce rework while retaining human ownership of conclusions.
  • Use approved GenAI/LLM tools for research, comparison, and drafting.
  • Collect, reconcile, and validate data; identify anomalies/gaps early.
  • Support maintenance/review of models under guidance; document assumptions/changes and standardize routines to reduce operational risk.
• Stakeholder & Market Engagement
  • Support rating committees by preparing well-evidenced materials and responding to follow-up questions with transparency on sources and assumptions.
  • Translate data, analysis, and research into clear, decision-ready narratives for clients and senior stakeholders.
  • Clarify technical information, bring new ideas forward, and adapt messaging to the audience.
• Risk Management and Operating
  • Apply confidentiality, documentation, and governance requirements consistently, ensuring human accountability for final analysis and committee content.
  • Support testing of automation/agentic AI tools identified through process improvement initiatives.

Requirements

• Diligent and intellectually curious self-starter with a strong work ethic and drive to succeed.
• Ability to analyze and solve non-routine problems in a timely and insightful manner.
• Ability to multi-task and manage deadlines under time pressure.
• Collaborative teammate who manages priorities and communicates clearly in a partnership-driven environment.
• Learning agility and continuous improvement mindset; comfortable adopting new tools while protecting quality and accountability.
• Ability to support juniors through guidance, quality checks, and knowledge sharing, including responsible AI practices.
• Strong research and data analysis skills; financial statement/data competence; experience supporting modeling preferred.
• Understanding of credit/risk concepts and practical AI fluency (e.g., using GenAI/LLMs to augment analysis).
• Strong spreadsheet skills; willingness to learn data/automation tools to supervise and validate automated outputs.
• Effective written and verbal communicator, able to present research and analysis clearly and structuredly.
• High standards for accuracy, traceability, and documentation.
• Responsible technology use: follows approved boundaries to protect confidentiality and integrity.

Qualifications

• Typically two to three years of relevant work experience.
• Bachelor’s degree or equivalent required; a master’s degree or professional certification (e.g., CFA) is highly valued.
• Open to candidates from traditional finance disciplines as well as diverse academic backgrounds that support innovative and critical thinking.

Schedule

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 can be extended.

Pay

For US candidates: The anticipated base salary range for this position is $62,000 USD to $88,000 USD. Final base salary will be based on geographic location, experience level, skill set, training, licenses, and certifications. This role is also eligible for an annual incentive plan.

For Canadian candidates: The anticipated range of compensation for this position is 64,000 CAD to 104,000 CAD. Final compensation will be based on performance, geographic location, experience level, skill set, training, licenses, and certifications.

Benefits

• Health & Wellness: Comprehensive health care coverage designed for mind and body.
• Flexible Downtime: Generous time off to help keep you energized.
• Continuous Learning: Access to resources to grow your career, including a continuing education program with a company-matched student loan contribution.
• Invest in Your Future: Competitive pay, retirement planning, and financial wellness programs.
• Family-Friendly Perks: Best-in-class benefits for families, including partners and dependents.
• Beyond the Basics: Retail discounts, referral incentive awards, and other small perks.

For more information on benefits by country, visit spgbenefits.com/benefit-summaries.