Flexible Work Arrangement: Hybrid
The Sr. (Lead) Collateral Analyst (II) will provide support to the Manager, Collateral Management and Credit Director including preparing analyses on various collateral issues and supporting regulatory filings. The individual will also guide and provide backup for daily activities such as member position tracking against posted collateral, collateral calls, and addressing member issues.
The Collateral Analyst will provide support to Credit Analysts, along with other analysts in Risk, Treasury and Member Process & Services as required. They will ensure adherence to Tariff requirements both by PJM and by Members, and will regularly engage in member-focused department activities such as answering member questions, tracking member credit exposure against collateral, issuing collateral calls, reviewing and posting credit security and processing collateral returns.
Essential Functions:
Provide answers to member and applicant inquiries around collateral and credit requirements
Review all collateral for Market Participants and ensure compliance to all procedures and policies
Evaluate all collateral information and perform verification that the collateral type provided meets Tariff eligibility requirements
Issue collateral calls as needed
Review and process collateral returns
Assist in the review and processing of new Market Participant credit applications
Analyze all collateral and provide detailed trending reports on Market Participants who require active monitoring/reach out
Engage with Market Participants to collect all credit/collateral required compliance documents
Review all collateral type policy exceptions and/or material issues and inform Credit team
Coordinate with Treasury and Credit management regarding any disputes over collateral type or issues
Identify and help resolve all collateral allocation issues and escalate to senior management
Evaluate collateral on a daily basis, and reach out to Market Participants to ensure compliance with policies and procedures
Collaborate with colleagues in Client & Member Service, Credit Risk, Markets, Planning and Legal to notify them of any collateral requirement default
Collaborate with Treasury regarding cash issues related to collateral
Serve as a subject matter expert for PJM’s in-house credit and collateral management application, acting as a primary liaison with PJM IT to support system maintenance and drive future enhancements
Draft and maintain collateral procedures and internal process documents
Draft and recommend modifications to collateral policies, procedures and systems
Prepare analyses and reports on various member and non-member credit related collateral issues as needed, such as member activity and exposure, collateral, trends, problem participant data, credit policy change impacts, etc.
Characteristics & Qualifications:
Required:
Bachelor's Degree
At least 5 years of experience working in the Energy or Financial industry, or in a role that had 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
Experience using verbal and written communications skills
Ability to use Microsoft Office Suite (MS-Word, MS-Excel and MS-PowerPoint)
Preferred:
Bachelor's Degree in Finance, Accounting, or Business
At least 5 years of experience working in a credit/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
Top Skills
What We Do
PJM Interconnection manages the high-voltage electric system that provides power to 65 million people in all or parts of 13 states and the District of Columbia. It's the largest power grid in North America.
As a neutral, independent party, PJM administers a competitive wholesale electricity market. PJM’s long-term regional planning process provides a broad, interstate perspective that identifies the most effective and cost-efficient improvements to the grid to ensure reliability and economic benefits.
PJM serves all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia.
An independent board oversees PJM’s activities. Effective governance and a collaborative stakeholder process help PJM achieve its vision: “To be the electric industry leader – today and tomorrow – in reliable operations and efficient wholesale markets.”
