Rating Analyst - Asset‑Backed Securities, Denver or Toronto

About the Role

Grade Level (for internal use): 09 The Team:
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.

This role presents an opportunity to contribute to a team at the forefront of ratings innovation focused on structured finance. Financial markets are constantly evolving, and this role supports the timely delivery of high-quality credit opinions on innovative and complex structured finance transactions backed by both ABS assets, as well as ratings on short-term securities, including Letter of Credit, Tender Option Bond and Commercial Paper.

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.

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.

• 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 prioritisation, and early escalation of risks/dependencies to ensure decision-ready outputs.
• Maintain ongoing surveillance for assigned credits you support with, synthesising 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; standardise routines to reduce operational risk.
• Support rating committees by preparing well-evidenced materials and responding to…