Credit Risk Analyst

TXU Energy (Vistra Corp) • Irving, TX

3d • Hybrid

About The Position

This position provides support to the Credit Risk organization and is responsible for a number of daily and monthly deliverables. The Credit Risk department is responsible for the management of all aspects of the credit risk mitigation effort including researching and analyzing new and existing counterparties to determine appropriate levels of exposure, managing collateral requirements, negotiating and structuring of contracts and credit support arrangements, and monitoring and reporting of credit exposures and events.

Requirements

• Undergraduate degree in finance, accounting, economics, engineering or related quantitative discipline.
• Proficiency in Microsoft Office products (Excel, Word, Access and Power Point).

Nice To Haves

• Experience with commercial credit risk, especially as it pertains to the energy sector, is a plus.
• Experience with Allegro ETRM a plus.
• Working knowledge of Visual Basic, C++, SQL, SAS and/or other relevant programming language a plus.

Responsibilities

• Manage dynamic credit requirements associated with Exchange Counterparties, including, but not limited to, forecast and analysis of collateral requirements
• Perform daily bilateral margining activities, including reporting, dispute resolution and maintaining counterparty relationships
• Communicate with internal and external clients regarding margining, valuation disputes and collateral postings, as well as respond to credit risk queries in a timely manner.
• Monitor and maintain collateral postings, including cash, letters of credit negotiation, Guarantee renewals and lockbox cash disbursements.
• Perform reporting of business activities and ad hoc assessment of credit system issues/enhancements.
• Perform daily, monthly and quarterly reporting of business results and operational activities and ad hoc assessment of credit system issues/enhancements

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level