Associate Director- Corporate Ratings EMEA, Cyclical Commodities, Chemicals at S&P Global

Milan, Lombardy, Italy -

Full Time

Start Date

Immediate

Expiry Date

23 May, 26

Salary

0.0

Posted On

22 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Analysis, Financial Statement Analysis, Financial Modeling, Report Writing, Surveillance, Rating Recommendations, Credit Committees, Analytical Skills, Excel, LLMs, Interpersonal Skills, Communication Skills, Presentation Ability, Teamwork, Problem-Solving, Metals & Mining

Industry

Financial Services

Description

About the Role: Grade Level (for internal use): 12 The Team: Our Commodities rating team, part of EMEA Corporate Ratings, consists of approximately 20 analysts located across key European cities, including London, Paris, Frankfurt, Milan, Madrid, and Stockholm. As a vital part of this dynamic group, you will manage a portfolio of about 15 issuers predominantly in the Metals & Mining sector, but potentially including other sectors covered by the team such as Chemicals, Packaging and Forest Products and Oil & Gas. You’ll collaborate with experienced industry specialists who rate cyclical commodities companies within a culture that emphasizes teamwork, knowledge sharing, and cross-team collaboration. What you stand to Gain: You will gain exposure to a variety of industry sectors and end markets, keeping you at the forefront of emerging trends. Additionally, you will have opportunities to engage with senior management teams and key decision-makers within the entities we rate, fostering your professional development. You will also be part of an international, collegial culture that encourages innovation and strategic thinking. Career growth: Opportunity to develop technical and leadership skills through exposure to complex financings and mentoring. Market exposure: Regular interaction with issuers, both European and North American. Thought leadership: Contribute to commentaries and research that shape market understanding of cyclical commodities. Global collaboration: Work with industry specialists across regions on cross-border transactions and sector trends. The Impact: At S&P Global Ratings, your analytical opinion truly matters and each person who works here has an essential role in our reputation for integrity, transparency, and ratings excellence. We bring transparency and comparability to financial markets, helping investors measure and manage credit risk. Cyclical commodities are dynamic sectors at the forefront of the energy transition. This role offers the opportunity to contribute to evolution of these sectors while developing professionally in a fast-paced environment. In this role, you will play a crucial part in shaping the credit ratings landscape by conducting thorough and insightful corporate credit analyses. Your work will directly influence rating decisions and contribute to market transparency, enabling investors and other stakeholders to make well-informed decisions. Responsibilities: As an Associate Director in the Corporate Ratings practice, you will perform rigorous analytical work, including research, fundamental credit analysis, financial statement analysis, financial modeling, and report writing on rated corporate entities. Specifically, you will: Act as the Primary Analyst for a portfolio of about 15 credits, managing issuer relationships and ongoing surveillance. Conduct surveillance and make rating recommendations, preparing clear, well-supported analytical conclusions. Present analytical findings to internal stakeholders, credit committees, issuers and external investors. Support new issuer coverage and new issues, including project financings and rating evaluation services. Develop and maintain financial models and credit metrics, ensuring accuracy under tight deadlines. Contribute commentaries and thought leadership and mentor junior team members. Participate and vote in credit committees, providing original insight and rigorous analysis. Operate within established ratings criteria, policies, and procedures, and drive continuously improving and high customer service standards. 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, ordinarily at your nearest S&P Global Ratings office; this must be completed before we can proceed to offer. What We’re Looking For: Basic Required Qualifications: Bachelor’s degree in business, Economics, Finance, Engineering, Mathematics, or a related field. An S&P Global employee at this level would typically have 5+ years of extensive experience in credit analysis within a large commercial bank, investment bank, investing institution/asset manager, rating agency, or audit firm. Strong analytical skills with detailed understanding of financial statement analysis and accounting concepts; proficiency with financial models and credit metric calculations. Strong technology orientation, including Excel, LLMs and more. Excellent interpersonal and communication skills; customer-oriented with strong presentation ability; intellectually curious, self-starter with a strong work ethic. Experience in engaging with senior management of debt issuers. Understanding of and experience with legal transactions and debt documentation. Ability to maintain high levels of accuracy and attention to detail while meeting strict deadlines. Effective teamwork and a strategic approach to problem-solving are highly valued. Working knowledge of one or more sectors in the cyclical commodities remit, such as metals & mining, oil & gas, chemicals, packaging and forest products. A willingness to travel within Europe for meetings, sometimes at short notice. Additional experience: Prior exposure to corporate credit analysis in asset heavy sectors, complex financial transactions such as project finance transactions, or structured credit, or experience in an investor-facing role would be a plus. Fluency in European languages in addition to English would be an advantage. #LI-EY1 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. ----------------------------------------------------------- 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: The EEO is the Law Poster http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf describes discrimination protections under federal law. Pay Transparency Nondiscrimination Provision - https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.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) S&P Global delivers Essential Intelligence® that shapes decision making. We provide the world’s leading organizations with the right data, connected technologies and expertise they need to move ahead. As part of our team, you’ll help solve complex challenges that equip businesses, governments and individuals with the knowledge to adapt to a changing economic landscape.

Responsibilities

The Associate Director will perform rigorous analytical work, including research, fundamental credit analysis, financial modeling, and report writing for a portfolio of about 15 corporate entities, acting as the Primary Analyst for surveillance and rating recommendations. Responsibilities also include presenting findings, supporting new issues, contributing thought leadership, mentoring junior staff, and participating in credit committees.