Rating Analyst - Structured Finance

About The Role

Grade Level (for internal use): 09
The Team Structured Finance and Alternate Investment Funds 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 and Alternate Investment Funds practice evaluates the credit risk of securitized products and fund structures by analysing 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. Our team specializes in analysing residential mortgage-backed securities across several sub-asset types including but not limited to 1st Lien, CES, HELOC etc. In this role you will support the new issue and surveillance end-to-end analysis of RMBS transactions.

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.

Responsibilities

• Develop credit judgement through feedback/coaching and standard methodologies; reinforce standard ways of working to improve consistency and trust.
• Support AI-enabled team productivity by sharing reusable prompts, templates, checklists, and automations that support judgment, reduce rework, and accelerate delivery.
• Support onboarding/capability-building of more junior colleagues through guidance on routines, quality standards, and effective use of approved tools.
• Contribute to workflow improvement initiatives.
• Support innovation by proactively challenging existing processes, leveraging new tools, and applying fresh perspectives to complex data and problem-solving.
• Own delivery for assigned credits with clear status updates, strong prioritization, and early escalation of risks/dependencies to ensure decision-ready outputs.
• Maintain ongoing surveillance for assigned credits you support with, synthesizing developments into insights that support analytical discussions and committee materials with clear evidence.
• Build/maintain analytical packs using standard templates; apply automation to reduce rework while retaining human ownership of conclusions.
• Use approved GenAI/LLM tools as an enabler for research/comparison/drafting
• Collect/reconcile/validate data; identify anomalies/gaps early.
• Support maintenance/review of models under guidance; document assumptions/changes; 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.

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 $62,000 USD to $89,000 USD. 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 section is only applicable to Canadian candidates:) S&P Global states that the anticipated range of compensation for this position is 62,000 CAD to 101,000 CAD. Final compensation for this role will be based on the individual’s performance, geographic location, as well as experience level, skill set, training, licenses, and certifications. In accordance with Ontario's new regulations effective January 1, 2026, this job posting provides information on expected compensation.

Additional Information

An S&P Global employee at this level would typically have two to three years’ of relevant work experience. Education: Bachelor’s degree or equivalent required. A master’s degree or 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 can be extended.

About S&P Global Ratings

S&P Global Ratings is a division of S&P Global (NYSE: SPGI). S&P Global Ratings 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.

What’s In It For You?

Our Mission: Advancing Essential Intelligence. Our People: We are more than 35,000 strong worldwide—so 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 are committed to a more equitable future and to helping our customers find new, sustainable ways of doing business. Join us and help create the critical insights that truly make a difference.

Benefits

We take care of you, so you can take care of business. We care about our people. That’s why we provide everything you—and your career—need 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, with some best-in class benefits for families. Beyond the Basics: From retail discounts to referral incentive awards—small 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, 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.