Senior Analyst – Margining & Credit Risk
About The Position
ISO New England is the independent system operator responsible for ensuring the safe and reliable flow of electricity in our region and planning for the future of the electric grid. We are at the forefront of New England’s ongoing transition to clean energy. ISO New England operates the region’s power grid 24/7 and oversees wholesale electricity markets to ensure reliable, competitively priced energy. As the central clearing counterpart, ISO facilitates everything from five-minute energy trades to multi-year forward contracts. The Market and Credit Risk Department oversees credit exposure across a diverse, multibillion-dollar portfolio of markets, ensuring robust risk management and strategic oversight. We’re seeking a Senior Margining Operations Analyst to support daily collateral management operations and help mitigate participant default risk.
Requirements
- Bachelor's Degree in Business, Finance, or other related field
- 5+ years of experience in financial risk, credit analysis, or collateral operations
- Ability to multi-task effectively on complex margining operations processes and consistently meet intra-day collateral management deadlines
- Familiarity with margining practices and products (e.g., OTC derivatives, futures, cleared swaps).
- Understanding of energy markets and the role of the ISO as a central clearing counterpart.
- Strong knowledge of collateral management instruments such as letters of credit and surety bonds.
Responsibilities
- Administer intra-day margining for the Real-Time, Day-Ahead, FTR and Forward Capacity Markets.
- Evaluate the daily collateral requirements of market participants.
- Reconcile margin data and resolve disputes with market participants.
- Administer Letters of Credit, Surety Bonds and cash deposits.
- Execute market participant suspension and cure procedures.
- Support development of collateral management tools and systems.
- Serve as the primary contact for inquiries on collateral requirements.
Benefits
- Hybrid work schedule with 2 days/week onsite
- Relocation Assistance
- Base salary plus performance bonus program, professional development and tuition reimbursement, enhanced 401k and financial planning, wellness programs with onsite gym, onsite café with free coffee, flexible work hours, access to business networks & more, all in a stable and supportive work environment!
- comprehensive health insurance (medical, dental and vision), flexible spending and health savings accounts, a 401(k) plan with generous employer contributions and a student debt benefit, life and AD&D insurance, disability insurance, critical illness and hospital indemnity benefits, paid time off, paid leave, a wellness program, an employee assistance program and other great company perks.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
501-1,000 employees
