(Sr.) (Lead) (Principal) Collateral Analyst (II)
About The Position
The Collateral Analyst supports the Manager, Collateral Management and Credit Senior Director by preparing analyses on collateral issues and supporting regulatory filings. The role also guides and provides backup for daily activities, including tracking member positions against posted collateral, issuing collateral calls, and addressing member issues. The analyst supports Credit Analysts and other analysts in Risk, Treasury, and Member Process & Services. The position ensures adherence to Tariff requirements by PJM and its Members, and engages in member-focused activities such as responding to questions, tracking credit exposure against collateral, issuing calls, reviewing and posting credit security, and processing collateral returns. The role serves as a subject matter expert for PJM’s in-house credit and collateral management application and liaises with PJM IT on system maintenance and enhancements.
Requirements
- Bachelor of Science degree.
- At least 5 years of experience working in the Energy or Financial industry, or in a role with exposure to those industries.
- Ability to produce high-quality work products with attention to detail.
- Ability to communicate effectively in a team environment.
- Experience in quantitative and qualitative analysis.
- Verbal and written communication skills.
- Ability to use Microsoft Office Suite, including MS Word, MS Excel, and MS PowerPoint.
Nice To Haves
- Bachelor of Science in Finance, Accounting, or Business.
- At least 5 years of experience in a credit- or collateral-specific role within the Energy industry.
- Experience with PJM operations, markets, and planning functions.
- Experience supporting PJM Committees.
- Experience with PJM Agreements and Tariffs.
Responsibilities
- Review, validate, and monitor Market Participant collateral daily for compliance with applicable Tariff requirements, collateral eligibility criteria, and PJM policies and procedures.
- Issue collateral calls and process collateral returns as required.
- Monitor collateral adequacy and participant compliance, including collecting required documentation and conducting participant outreach as necessary.
- Analyze collateral positions, participant activity, exposures, and emerging trends; prepare reports and analyses related to collateral, problem participants, credit policy impacts, and entities requiring active monitoring.
- Draft, maintain, and recommend enhancements to collateral policies, procedures, internal controls, and supporting process documentation.
- Review, resolve, and escalate collateral policy exceptions, allocation issues, and other material collateral-related matters to Credit Risk management and senior management as appropriate.
- Coordinate with Treasury on cash collateral postings, allocations, reconciliations, disputes, and other cash collateral-related matters.
- Answer member and applicant inquiries about collateral and credit requirements.
- Assist in reviewing and processing new Market Participant credit applications.
- Collaborate with Client & Member Service, Credit Risk, Markets, Planning, and Legal to notify them of collateral requirement defaults.
- Serve as a subject matter expert for PJM’s in-house credit and collateral management application, liaising with PJM IT to support system maintenance and future enhancements.
- Provide support to Credit Analysts and other analysts in Risk, Treasury, and Member Process & Services.
- Guide and provide backup for daily activities, including member position tracking against posted collateral and addressing member issues.
- Support regulatory filings.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
