Overview

About the Role: S&P Global Ratings is seeking a Director to join its Structured Finance practice, specializing in decentralized Finance (DeFi) related securitizations. This is a developing sector which combines DeFi principals with traditional structured finance techniques. A strong understanding of cryptocurrency and blockchain ecosystems would be preferable.

The Director will be a member of the Esoteric team, which provides credit ratings and opinions for securitizations backed by a wide variety of nontraditional assets. In this role, the Director will lead end-to-end rating process, research, cash flow, credit, legal, and structural analytics, and client-facing activities for new issue ratings and surveillance of Non-traditional ABS transactions.

The Impact: This role blends leadership, research, quantitative and qualitative analytical skills, client-facing interactions, and project management. Daily tasks include leading and completing the end-to-end ratings process, reviewing documents, assessing the credit profile of collateral pools, and conducting cash flow analyses to determine the credit rating impact of stress tests to the structures and enhancement levels under various economic scenarios. The Director is expected to conduct credit rating committees and interact with bankers, issuers and investors on analytical matters, train analysts, identify and escalate analytical and process issues, help the team in problem solving initiatives and outreach, and support the pod lead, AM, Sector Leads, and LAM, as needed. The Director will also play an important role in improving analytical tools and streamlining processes by drawing on computer and data science skills.

What’s in it for you:

Structured finance is an important sector of the capital markets and is a key funding source and growth driver for many areas of the economy. If you are interested in helping to facilitate this growth while challenging yourself in a fast-paced environment, this is the right position for you. It offers the opportunity to work in a collegial culture with potential for professional development and career growth. To succeed, you must be comfortable with quantitative analysis and have a knack for problem solving.

Responsibilities

• Lead and complete the end-to-end ratings process for new issue and surveillance transactions.
• Understand and perform cash flow analysis, synthesize results, and present findings in a timely manner in committees for non-traditional assets, including transportation ABS, private equity, triple-net, data centers, whole business.
• Analyze credit, cash flow, and performance characteristics of collateral pools. Review third-party model output and reconcile with cash flow results from internal models.
• Review legal and operating documents to ensure consistency with criteria and identify issues with the transaction structure. Provide comments to external parties.
• Actively manage relationships with internal and external clients.
• Support the team by training analysts, attending conferences, engaging and leading outreach activities.
• Demonstrate strong knowledge of ratings criteria and cash flow analysis and be able to handle clients’ analytical questions.
• Leading and actively contributing to training and outreach efforts, including the completion of timely commentaries, podcasts, and webinars.

What We’re Looking For

Basic Qualifications:

• Undergraduate or Graduate degree.
• At least 10 years of relevant work experience
• Prior experience in structured finance
• Prior experience with data analysis and cash flows in esoteric assets including Aircraft, NNN, Container, Timeshare, Data Centers. Experience with cash flow modeling for non-traditional assets.
• Understanding of financial markets.
• Excellent verbal and written communications skills.
• Excellent research skills.
• Ability to analyze and solve non-routine problems with ingenuity in a timely and insightful manner.
• Project management skills. Ability to manage multiple tasks and tight deadlines under time pressure.
• Strong interpersonal skills and ability to work well in a collaborative team.
• Diligent and intellectually curious self-starter with a strong work ethic and a drive to succeed.

Preferred Qualifications:

• Knowledge of cash flow modeling and programming languages (e.g. C++, MATLAB, Python, R or VBA). Strong Excel skills
• Proven research, verbal, and written communication skills

Benefits

For more information on the benefits, we provide to our employees, visit: https://spgbenefits.com/benefit-summaries

Locations

New York, NY | Chicago, IL | Englewood, CO

Right to Work Requirements: This role is limited to persons with an indefinite right to work in the United States.

All employees are required to work from the office a minimum of 2 days per week.

We require all candidates who reach the final stage of our interview process to attend at least one in-person interview, which is ordinarily at your nearest S&P Global Ratings office. This must be completed before we can proceed to an offer.

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. For more information, visit www.spglobal.com/ratings