Sr. (Lead) Collateral Analyst (II)

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