Grade ( relevant for internal applicants only ): 12
The Location: Chicago
The Associate Director - Model Validation (Lead, Quantitative Modeling) is a member of a model validation team which independently validates (tests) the quantitative financial models and engines that are developed throughout S&P Global Ratings.
The Associate Director will support the model validation process for the full life cycle of S&P Global Ratings models. The Associate Director will be responsible for reviewing the model validation and periodic review work that has been completed by other team members as part of conducting the required validations or periodic reviews. The significant majority of the Associate Director's efforts will be dedicated to performing the quality control reviews of validations or periodic reviews conducted by other team members. However, time permitting, they may also provide direct support in conducting a model validation or a periodic review based on availability or project urgency. The Associate Director will utilize Excel, MATLAB, C++, R, Python or SAS to complete their assigned tasks on a timely basis. This position requires regular interaction with internal clients in S&P Ratings.
Compensation/Benefits Information (US Applicants Only):
S&P Global states that the anticipated base salary range for this position is $100,800 to $209,300. Base salary ranges may vary by geographic location.
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, visit https://www.spgbenefitessentials.com/newhires.
Perform quality control reviews of the periodic reviews and model validations conducted by team members
Support periodic reviews or model validations based on availability and project urgency
Enhance procedures for model validation to meet new standards
Advanced degree in Economics, Mathematics, Probability and Statistics, Quantitative Finance or a closely related discipline (Masters or Ph.D.)
3+ years of experience in quantitative financial research, model development and model validation
Good quantitative financial knowledge in the areas of stochastic interest rate modeling, prepayment modeling, spread modeling, default modeling and cash flow modeling
Good quantitative skills in the areas of structured finance, credit derivatives, default and recovery modeling and credit risk management
In-depth knowledge of structured financial instruments (CDO, CMBS, ABS, RMBS) as well as corporate finance and capital adequacy for financial institutions desirable
Good programming skills in SAS, MATLAB, C++, R or Python
Strong ability to communicate complex technical results to non-quantitative audience
Ability to work independently
Excellent communication and interpersonal skills
AboutS&P Global Ratings
S&P Global Ratings is the world's leading provider of independent credit ratings. Our ratings are essential to driving growth, providing transparency and helping educate market participants so they can make decisions with confidence. We have more than 1 million credit ratings outstanding on government, corporate, financial sector and structured finance entities and securities. We offer an independent view of the market built on a unique combination of broad perspective and local insight. We provide our opinions and research about relative credit risk; market participants gain independent information to help support the growth of transparent, liquid debt markets worldwide.
S&P Global Ratings is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/ratings.
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.
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.