Associate - Review & Validation - Chicago, United States - S&P Global

S&P Global

Verified Company

Chicago, United States

6 days ago

Posted by:

Mark Lane

beBee recruiter

Description

About the Role:

Grade Level (for internal use): 11

Title:
Associate, Review & Validation

Grade (relevant for internal applicants only): 11

Location:
New York, NY; Chicago, IL

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.

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.

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:

Quantitative skills in the areas of structured finance, credit derivatives, default and recovery modeling, and / or credit risk management.

Full-time relevant work experience in credit analysis of debt / capital markets, credit analysis / research, quantitative finance, model development or validation.

Proficient programming skills in SAS, MATLAB, or C++.
Advanced degree (or equivalent) in Accounting, Business Administration, Finance, Public Policy, or other relevant program.

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 navig