Senior Analyst – Margining & Credit Risk

ISO New England Inc. • Holyoke, MA

97d

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. At ISO New England, we keep the region’s electricity flowing reliably 24/7 while overseeing competitive wholesale electricity markets. As the central clearing counterparty, we facilitate everything from real-time energy trades to multi-year forward contracts—powering both the grid and the economy. Join our Market and Credit Risk Department, where we manage a diverse, multibillion-dollar portfolio across multiple markets. We’re seeking a Senior Analyst, Margining & Credit Risk to help drive robust credit risk management and ensure the financial integrity of market operations.

Requirements

• Bachelor’s degree in Business, Finance, Economics, or a related field.
• 5+ years of experience in financial risk, credit analysis, or collateral operations.
• Strong familiarity with margining practices and financial instruments (e.g., OTC derivatives, futures, cleared swaps).
• Understanding of ISO/RTO energy markets and the role of a central clearing counterparty.
• Proficiency in managing collateral tools, including Letters of Credit and Surety Bonds.
• Ability to manage time-sensitive tasks with precision in a high-stakes environment.

Responsibilities

• Manage daily collateral and margining operations across multiple energy markets.
• Administer intra-day margining for Real-Time, Day-Ahead, FTR, and Forward Capacity Markets.
• Calculate and evaluate daily collateral requirements for market participants.
• Reconcile margin data and resolve discrepancies or disputes with market participants.
• Manage Letters of Credit, Surety Bonds, and cash deposits to meet credit coverage needs.
• Execute participant suspension and cure procedures as needed.
• Serve as the primary point of contact for all collateral-related inquiries.
• Collaborate on the development of tools, systems, and enhancements for collateral management.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 501-1,000 employees