Job Information
S&P Global Associate Director - Structured Credit - CLO Ratings in Englewood, Colorado
About the Role:
Grade Level (for internal use):
12
The Team: The U.S. Structured Credit - CLO 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 broadly syndicated or middle market corporate loans. The practice provides credit ratings of structured products that are backed by pools of assets, mainly focused on Collateralized Loan Obligation (CLO) transactions.
What you stand to Gain: Work alongside industry-leading professionals in the dynamic structured credit market. Gain exposure to cutting-edge transaction structures and emerging market trends. Develop leadership skills through mentoring and managing analytical relationships. Build expertise across multiple sectors through collaboration with S&P Global experts in fund finance, project finance, corporate finance, and financial institutions. Enhance professional profile through participation in industry conferences and thought leadership publications.
Impact and Responsibilities:
Impact: The Associate Director is an integral part of the analytical team, responsible for cash flow modeling and transaction document analysis in support of new issue ratings and surveillance of CLO transactions. The Associate Director reviews documents as pertain to CLO criteria and conducts cash flow analyses to stress test structures and enhancement levels under various economic scenarios. The Associate Director participates in credit rating committees and interacts with bankers, issuers, and investors on analytical matters, directly contributing to S&P Global Ratings’ reputation as a leading credit rating agency.
Responsibilities:
Conduct detailed reviews of legal and operating documents to ensure compliance with criteria and identify issues with the transaction structure
Perform CLO cash flow analysis (new issue and surveillance), synthesize results, and articulate key drivers, sensitivities, and rating implications for committee discussion
Act as a recognized CLO subject matter expert within the team, frequently advising colleagues on complex structures, criteria applications, and analytical conclusions
Participate in client meetings and credit rating committees; communicate analysis clearly and adapt messaging to different audiences (internal committees, arrangers, issuers, investors)
Actively manage relationships with issuers, intermediaries and investors while effectively communicating S&P Global Ratings’ methodologies and procedures
Take accountability for consistent, sustainable execution by strengthening analytical workflows, documentation standards, and quality controls (beyond individual transactions)
Work collaboratively across teams and functions to incorporate diverse perspectives, build trust, and drive alignment on analytical outcomes and process improvements
Work on special projects as directed by the analytical team manager, including initiatives that improve functional operations through data-driven analysis and practical recommendations
Coach and empower junior team members on modeling, document review, and committeepreparedness; provide constructive feedback to support development
All employees are required to work from the office a minimum of 2 days per week
Compensation/Benefits Information: * _(applicable for US candidates only)_ *: S&P Global states that the anticipated base salary range for this position is $135,000 to $175,000. 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.
What We're Looking For:
Basic Required Qualifications:
An S&P Global employee at this level would typically have 5+ years of experience in Structured Finance (CLO, ABS, MBS, etc.) or previous experience in related financial services roles
Strong proficiency with Excel, financial models and financial data
A Bachelor's degree in finance, business, mathematics, or related fields that demonstrate strong analytical capabilities
Strong understanding of financial markets and their relationship to S&P Global products, including how CLO performance and structural features interact across credit cycles
Excellent verbal and written communications skills, with the ability to communicate complex analytical conclusions clearly across different audiences and situations
Ability to analyze and solve non-routine problems in a timely and insightful manner, including evaluating alternatives and recommending actions based on rigorous analysis
Ability to manage competing priorities and resources effectively, adapting to shifting timelines, new information, and changing market conditions while maintaining quality
All candidates who reach the final stage of the interview process are required to attend at least one in-person interview, which is ordinarily at the nearest S&P Global Ratings office. This must be completed before an offer can beprogressed.
Additional Preferred Qualifications:
Excellent research and project management skills
Graduate degree in a relevant discipline or a Juris Doctorate degree
Prior legal document review preferred
Strong interpersonal skills and ability to work well in a collaborative team, building trust and fostering a sense of belonging
Diligent and intellectually curious self-starter with a strong work ethic and a drive to succeed
US Right to Work Requirements: _ This role is limited to persons with an indefinite right to work in the United States. _
About S&P Global Ratings
At S&P Global Ratings, our analyst-driven credit ratings, research, and sustainable finance opinions provide critical insights that are essential to translating complexity into clarity so market participants can uncover opportunities and make decisions with conviction. By bringing transparency to the market through high-quality independent opinions on creditworthiness, we enable growth across a wide variety of organizations, including businesses, governments, and institutions.
S&P Global Ratings is a division of S&P Global (NYSE: SPGI). S&P Global 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.
For more information, visit www.spglobal.com/ratings
What’s In It For You?
Our Mission:
Advancing Essential Intelligence.
Our People:
We're 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’re 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.
Our Values:
Integrity, Discovery, Partnership
Throughout our history, the world's leading organizations have relied on us for the Essential Intelligence they need to make confident decisions about the road ahead. We start with a foundation of integrity in all we do, bring a spirit of discovery to our work, and collaborate in close partnership with each other and our customers to achieve shared goals.
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, too, 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:
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.
S&P Global has a Securities Disclosure and Trading Policy (“the Policy”) that seeks to mitigate conflicts of interest by monitoring and placing restrictions on personal securities holding and trading. The Policy is designed to promote compliance with global regulations. In some Divisions, pursuant to the Policy’s requirements, candidates at S&P Global may be asked to disclose securities holdings. Some roles may include a trading prohibition and remediation of positions when there is an effective or potential conflict of interest. Employment at S&P Global is contingent upon compliance with the Policy.
Recruitment Fraud Alert:
If you receive an email from a spglobalind.com domain or any other regionally based domains, it is a scam and should be reported to reportfraud@spglobal.com . S&P Global never requires any candidate to pay money for job applications, interviews, offer letters, “pre-employment training” or for equipment/delivery of equipment. Stay informed and protect yourself from recruitment fraud by reviewing our guidelines, fraudulent domains, and how to report suspicious activity here (https://www.spglobal.com/content/dam/spglobal/corporate/en/documents/careers/Corp_0525-Recruitment-Fraud-Alert.pdf) .
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: Know Your Rights: Workplace discrimination is illegal (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf)
202 - Middle Professional (EEO Job Group) (inactive), 20 - Professional (EEO-2 Job Categories-United States of America), RATNGS202.2 - Middle Professional Tier II (EEO Job Group)
Job ID: 327164
Posted On: 2026-04-14
Location: New York, New York, United States