Rating Analyst - Structured Finance

About the Role

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.

Our team specializes in analyzing residential mortgage-backed securities across several sub-asset types including but not limited to 1 st Lien, CES, HELOC etc. In this role you will support the new issue and surveillance end-to-end analysis of RMBS transactions.

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.

What You Stand to Gain:

At S&P Global Ratings, you will contribute to independent credit opinions the market relies on, strengthened by innovation that accelerates analysis.

We are People Forward. When you join S&P Global, you'll benefit from:

• Joining a diverse community where your growth and well-being come first—just like the 35,000+ colleagues who choose S&P Global every day.
• Bringing your best self to work in an environment that values inclusion, collaboration, and authentic engagement.
• Celebrating your achievements with us. We're committed to your continuous learning, offering education, training, and career coaching to help you grow and adapt in a changing world.
• Connecting through our People Resource Groups, which foster awareness, engagement, and a sense of community—both within S&P Global and beyond.

Team Contribution & Capability Building

• 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.

Core Analytical & Delivery

• 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.
• Translates data, analysis, and research into clear, decision-ready narratives for clients and senior stakeholders.
• Clarifying technical information, bringing new ideas forward and adapting messaging to the audience.

Risk Management and Operating

• Apply confidentiality, documentation, and governance requirements consistently, ensuring human accountability…