(Sr.) Lead Collateral Analyst

PJM Interconnection•Audubon, PA

2d•Hybrid

About The Position

The Lead Collateral Analyst supports the Manager, Collateral Management and Credit Senior Director by preparing analyses on collateral issues and supporting regulatory filings. The role guides and provides backup for daily collateral activities, including tracking member positions against posted collateral, issuing collateral calls, and addressing member issues. It also supports Credit Analysts and other analysts in Risk, Treasury, and Member Process & Services. The analyst ensures that PJM and its Members adhere to Tariff requirements. The role involves regular member-focused activities, including answering questions, tracking credit exposure against collateral, issuing collateral calls, reviewing and posting credit security, and processing collateral returns. The position also analyzes collateral positions and participant exposures, develops reports, maintains and recommends improvements to policies and procedures, coordinates cash collateral matters with Treasury, and serves as a subject matter expert and liaison to PJM IT for PJM’s in-house credit and collateral management application.

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 working in a credit- or collateral-specific role within the Energy industry.
Experience with PJM operations, markets, and planning functions.
Experience supporting any of 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, collect required documentation, and conduct participant outreach as necessary.
Analyze collateral positions, participant activity, exposures, and emerging trends; prepare reports and analyses regarding 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 matters.
Answer member and applicant inquiries about collateral and credit requirements.
Assist in reviewing and processing new Market Participant credit applications.
Collaborate with colleagues in 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 and act as a primary liaison with PJM IT to support system maintenance and future enhancements.
Support regulatory filings and prepare analyses on collateral issues.
Guide and provide backup for daily collateral activities, including member position tracking against posted collateral and addressing member issues.
Support Credit Analysts and other analysts in Risk, Treasury, and Member Process & Services.