Credit Risk Management Analyst

American Electric Power•Columbus, OH

6d•$83,000 - $93,000•Onsite

About The Position

Administers the company's enterprise risk management credit policy under supervision, including but not limited to supporting all AEP business units for moderately complex transactions. This role is responsible for determining the financial ability of AEP's counterparties to deliver contracted products and services and meet payment obligations, negotiation of credit provisions for master agreements, and guaranty negotiation, execution, and maintenance to ensure best possible guaranty coverage. The Credit Risk Management Analyst will mitigate credit risks to preserve revenues and avoid losses while facilitating business opportunities under supervision and for moderately complex transactions.

Requirements

Bachelor's Degree, preferably in Finance or Accounting; (Or) Associates degree, preferably in Finance or Accounting with two (2) years of experience.
Minimum three (3) years total work experience in addition to any experience noted above.
High level proficiency with Excel, PowerPoint, and database management tools/software.
Excellent written and oral communication skills.
Multi-tasking skills.

Nice To Haves

Knowledge and/or experience in commercial and commodity transactions are desirable.

Responsibilities

Perform initial and/or ongoing quantitative and qualitative analysis of customers, suppliers, or counterparties to establish monetary limits, tenor limits, and internal ratings in relation to the purchase or sale of services and commodities.
Monitor monetary limits, tenor limits, and ratings for counterparties.
Monitor industry news to assess any relevant impact on counterparties and identify potential portfolio actions.
Perform margining and related tasks in a proficient manner.
Maintain data integrity within the credit risk system, including counterparty, contracts, collateral, ratings, and other pertinent information.
Judiciously manage and provide administration of collateral held or posted for counterparties, RTOs, or exchanges, including guarantees, cash, letters of credit, and surety bonds.
Prepare credit risk reports for risk committees, executive meetings, and financial reporting or compliance purposes.
Negotiate credit provisions for master agreements and supporting collateral documents, such as the collateral annex, guarantees, letters of Credit, netting agreements.
Recommend and Implement strategies to improve processes and systems to assess, measure, and monitor credit risk.