Associate Director- Corporate Ratings EMEA, Cyclical Commodities, Chemicals and Packaging.

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. You will manage a portfolio of about 15 issuers predominantly in the Metals & Mining sector, with potential coverage of other sectors such as Chemicals, Packaging and Forest Products, and Oil & Gas. You will 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, staying at the forefront of emerging trends. 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 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 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 the evolution of these sectors while developing professionally in a fast-paced environment. 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 the 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 and language models. 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. 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. 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 — a diverse team with curiosity and a shared belief that Essential Intelligence can help build a more prosperous future for us all. We are changing the way people see things and empowering them to make an impact. We’re committed to a more equitable future and to helping our customers find sustainable ways of doing business. Our Values

Integrity, Discovery, Partnership We start with a foundation of integrity, bring a spirit of discovery to our work, and collaborate with each other and our customers to achieve shared goals. Benefits

We take care of you so you can take care of business. 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: Compensation, retirement planning, continuing education with company-matched student loan contribution, and financial wellness programs. Family Friendly Perks: Perks for partners and children, with strong family benefits. Beyond the Basics: From retail discounts to referral incentives—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 We are committed to a connected and inclusive workplace where opportunities are based on skills, experience, and contributions. Our hiring practices emphasize fairness, transparency, and merit, ensuring we attract and retain top talent. Recruitment Fraud Alert: If you receive an email from a spglobalind.com domain or other domains, it may be a scam. Do not share payment or personal information. Report suspicious activity to reportfraud at spglobal dot com. Equal Opportunity Employer: S&P Global is an equal opportunity employer and all qualified candidates will receive consideration without regard to race, ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, veteran status, unemployment status, or any other status protected by law. For accommodations during the application process, please email EEO.Compliance@spglobal.com. The EEO poster and pay transparency notice are available at the provided resources upon request.

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