(Sr.) Lead Collateral Analyst

PJM•Audubon, PA

1d•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 backs up daily collateral management activities, including tracking member positions against posted collateral, issuing collateral calls, and resolving member issues. It also supports Credit Analysts and colleagues in Risk, Treasury, and Member Process & Services as needed. The analyst ensures that PJM and its Members adhere to Tariff requirements and regularly handles member-focused activities, including responding to questions, monitoring credit exposure against collateral, reviewing and posting credit security, issuing collateral calls, and processing collateral returns. The role also serves as a subject matter expert for PJM’s in-house credit and collateral management application and works 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.
Analyze collateral positions, participant activity, exposures, and emerging trends; prepare related reports and analyses on 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.
Respond to member and applicant inquiries about collateral and credit requirements.
Assist with reviewing and processing new Market Participant credit applications.
Collaborate with Client & Member Service, Credit Risk, Markets, Planning, and Legal colleagues to notify them of collateral requirement defaults.
Serve as a subject matter expert for PJM’s in-house credit and collateral management application; act as a primary liaison with PJM IT to support system maintenance and future enhancements.
Prepare analyses on collateral issues and support regulatory filings.
Guide and provide backup for daily activities such as member position tracking against posted collateral and addressing member issues.
Support Credit Analysts and other analysts in Risk, Treasury, and Member Process & Services as required.