About the Role:
Grade Level (for internal use):
11
The Role
Associate, Review & Validation
Grade (relevant for internal applicants only)
11
Location
Primary: London/New York Secondary: Chicago.
Team
The Review & Validation team has global responsibility for the review and validation of all S&P Global Ratings’ methodologies, including models and criteria. S&P Global Ratings’ methodologies contain all our key analytical principles and assumptions. They provide the framework for all of our published credit ratings and analyses and, as such, represent our most significant intellectual property. The team comprises both credit analysts as well as model specialists with experience in Ratings and the Capital Markets more broadly.
Impact
- Work in a dynamic environment in a team that has global, cross-sector responsibilities.
- Opportunity to work in a collegial culture with good potential for professional development and career growth gaining exposure to varied asset classes and sectors.
- Team members typically specialize in either model validation or criteria validation/credit review but will have the opportunity to develop skills and experience across both disciplines.
- Personal initiative, independence, strong time management skills, and an inquisitive mindset are emphasized, providing the perfect environment for highly motivated individuals.
Responsibilities
For Review and Validation of Models:
- Test and validate quantitative financial-based models and engines.
- Interact with relevant staff to gather model related information and clarify model related queries.
For Review and Validation of Criteria:
- Conduct validation and credit review activities using both qualitative credit skills and statistical / quantitative analyses in the evaluation of ratings performance.
- Test the soundness of the criteria assumptions and the calibration of ratings outcomes against established benchmarks and ratings definitions.
- Conduct and interpret sector research to identify key credit trends / risks and apply to assess ratings performance.
For Both Criteria and Models:
- Produce well written reports and presentations to relevant review bodies, including senior management in order to defend conclusions and present any findings.
- Contribute to the development and implementation of new tools / procedures to support the continuous improvement and effectiveness of the Review & Validation function.
- Display strong / well-rounded communication skills that demonstrate clear / concise writing style, effective verbal skills, and attentive listening abilities.
- Manage multiple deliverables while maintaining effective organization skills and adherence to agreed-upon deadlines.
What We’re Looking For
Basic Qualifications
- Advanced degree (or equivalent) in Financial Engineering / Quantitative Finance, Math, Statistics, Data Science, Engineering, Economics, or other relevant program.
- Proficiency with Excel / VBA and R / Python.
- Well-rounded communication skills that implement strong listening techniques, clear / concise writing style, and effective verbal skills.
- Works well in a team environment, focusing on collaboration and adapting to the demands of a diverse team.
- Adept at managing multiple tasks and adhering to regular agreed-upon deadlines.
Preferred Qualifications:
- An S&P employee at this level would typically have full-time relevant work experience in credit analysis of debt / capital markets, credit analysis / research, quantitative finance, model development or validation.
- Quantitative skills in the areas of structured finance, credit derivatives, default and recovery modeling, and / or credit risk management.
- Proficient programming skills in SAS, MATLAB, or C++.
- Advanced degree (or equivalent) in Accounting, Business Administration, Finance, Public Policy, or other relevant program.
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 $85,700 to $170,400. 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 role is eligible to receive additional S&P Global benefits. For more information on the benefits we provide to our employees, please click here.
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 Purpose:
Progress is not a self-starter. It requires a catalyst to be set in motion. Information, imagination, people, technology–the right combination can unlock possibility and change the world.
Our world is in transition and getting more complex by the day. We push past expected observations and seek out new levels of understanding so that we can help companies, governments and individuals make an impact on tomorrow. At S&P Global we transform data into Essential Intelligence®, pinpointing risks and opening possibilities. We Accelerate Progress.
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. We’re constantly seeking new solutions that have progress in mind. Join us and help create the critical insights that truly make a difference.
Our Values:
Integrity, Discovery, Partnership
At S&P Global, we focus on Powering Global Markets. 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
Diversity, Equity, and Inclusion at S&P Global:
At S&P Global, we believe diversity fuels creative insights, equity unlocks opportunity, and inclusion drives growth and innovation – Powering Global Markets. Our commitment centers on our global workforce, ensuring that our people are empowered to bring their whole selves to work. It doesn’t stop there, we strive to better reflect and serve the communities in which we live and work, and advocate for greater opportunity for all.
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.
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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.
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20 - Professional (EEO-2 Job Categories-United States of America), ANLYTC202.2 - Middle Professional Tier II (EEO Job Group), SWP Priority – Ratings - (Strategic Workforce Planning)
Job ID: 300157
Posted On: 2024-04-15
Location: London, United Kingdom
