2024 S&P Global Ratings CREDit Program - Summer Intern
Location: New York, New York
Type: Full Time
Internal Number: 20258575
The Role: 2024 S&P Global Ratings CREDit Program - Summer Intern
The Team: When you join S&P Global Ratings, you join one of the world's leading providers of independent credit risk research and benchmarks. You are part of a team that produces high quality fundamental research based on established criteria, you have the opportunity to ask probing questions to senior corporate executives and interact with the global investor community. We have 33 offices in 24 countries, rating $46.3 trillion in debt, and with nearly 1,500 credit analysts, S&P Global Ratings is an important part of the world's financial infrastructure and has played a leading role for more than 150 years in providing investors and financers the information they need to provide capital more easily, quickly and efficiently to businesses and governments.
The Business Practice Groups include Corporates, Infrastructure, US Public Finance, Financial Institutions, Structured Finance.
Corporates: The corporates group deals with rating corporations from a diverse array of sectors, including but not limited to Oil & Gas, Media & Entertainment, Technology and Retail & Restaurants. These corporations come from all walks of life and can be as small as a chain of dental offices in the Midwest to household names like Sprint, Uber and J. Crew.
Infrastructure: This includes rating debt from entities in the private sector that are increasingly willing to construct, lease, operate, and maintain infrastructure assets from airports and toll roads to power plants and schools. Due to the long-lived nature of these assets, debt capital plays an important role in financing infrastructure.
US Public Finance: Entities that are owned, sponsored or created by the government are rated here: this includes rating local governments like New York City, higher education like Harvard University or even the Golden Gate Bridge in San Francisco.
Financial Institutions: Financial institutions is our blanket term for entities that perform financial services for customers. Examples include banks (JP Morgan Chase), non-banks (Visa), insurance companies (MetLife) and Funds (money market funds).
Structured Finance: S&P's Structured Finance (SF) division analyzes credit risk of debt instruments backed by an isolated pool of assets. The division is split into four main sectors, based off of the type of assets which back their respective debt-issuances: Asset-Backed Securities, Residential Mortgage-Backed Securities, Commercial Mortgage Backed Securities, and Structured Credit.
The Impact: Join a team that evaluates the overall credit worthiness of organizations and their ability to meet their financial obligations for traditional credit-based products as well as a variety of structured banking transactions. You will also support teams that evaluate collateral pools, credit risk, structural considerations, legal considerations, and the ability of securitization issuers to meet their obligations to pay timely interest and repay principal for a wide variety of structured finance asset types.
At S&P Global Ratings, your analytical opinion truly matters and each person who works here has an essential role in S&P Global Ratings reputation of integrity, transparency, and ratings excellence.
S&P Global Ratings plays a vital role in bringing transparency and comparability to the financial markets and helps investors and others measure and manage credit risk.
By supporting capital markets, S&P Global Ratings helps people to start and grow businesses, cities and states to build highways and hospitals, and manufacturers to build factories and create jobs.
What's in it for you: You will be offered the opportunity to assist S&P Global in achieving its mission of being one of the leading providers of the highest quality risk evaluations and analytical information to the world's financial markets. Summer interns will work with junior and senior analysts within S&P Global and senior management of issuing entities through the ratings process (including ratings committees and management meetings).
Learn and understand ratings criteria and methodology
Assist with preparing required documents for rating committee and issuer management meetings
Provide timely and accurate quarterly financial statistics and data analysis
Assist in reporting, research, presentations and modelling
Support the team on execution improvement and ad-hoc writing projects
What We're Looking For:
This program is limited to those who are a US citizen, lawful permanent resident (LPR), asylee or refugee
Fully matriculated students with anticipated undergraduate graduation date in Fall 2024 or Spring 2025
All majors welcome; Accounting, Business Administration, Economics, Finance, Financial Engineering, Math, Public Policy, Quantitative Analysis, Data and Statistics majors preferred
Intellectually curious; the ability to learn quickly
Strong written and verbal communication (good verbal skills, listening techniques, and a clear, concise writing)
Problem-solving, time-management, attention to detail and organizational abilities
The ability and the desire to learn to conduct your own analysis and research
Understand importance of building strong relationships and partnering with team members
Significant comfort level with Excel and other Microsoft Office products (Word, Outlook, PowerPoint)
Programming languages such as Python, C++, R, and VBA are recommended, but not required
Grade (relevant for internal applicants only: 5
The Location: New York, NY
Compensation/Benefits Information (US Applicants Only): S&P Global states that the anticipated base salary range for this position is $20/hour to $35/hour. Base salary ranges may vary by geographic location.
About S&P Global Ratings: S&P Global Ratings offers critical insights for credit, risk and sustainable finance solutions that are essential to translating complexity into clarity, so market participants can uncover opportunities.
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.
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.