(Sr.) Lead Collateral Analyst

PJM Interconnection; Audubon (NJ); Hybrid; USD 90,000 - 120,000; Full time

Job summary

PJM Interconnection is seeking a Sr. (Lead) Collateral Analyst (II) to support the Manager, Collateral Management and Credit Sr. Director. You will prepare analyses on collateral issues and back up daily activities such as tracking, collateral calls, and member inquiries.

You will work with Credit Analysts and Risk, Treasury, and Member Services, ensuring Tariff adherence and active monitoring of collateral exposure. Hybrid work in Audubon area preferred.

Qualifications

• Bachelor of Science degree required.
• At least 5 years of experience in Energy or Financial industry or related exposure.
• Proven ability to produce high-quality work with attention to detail.
• Strong team communication skills.
• Experience with quantitative and qualitative analysis.
• Proficient in MS Word, Excel and PowerPoint.

Responsibilities

• Review, validate, and monitor Market Participant collateral daily for Tariff compliance and PJM policies.
• Issue collateral calls and process collateral returns as required.
• Monitor collateral adequacy and participant compliance and conduct outreach as needed.
• Analyze collateral positions, activity, exposures, and trends; prepare related reports.
• Draft and improve collateral policies, procedures, and internal controls.
• Resolve policy exceptions and collateral-related issues with Credit Risk leadership.
• Coordinate with Treasury on cash collateral postings, reconciliations, and disputes.
• Answer inquiries from members regarding collateral and credit requirements.
• Assist in reviewing new Market Participant credit applications.
• Collaborate with cross-functional teams to notify on collateral default events.
• Serve as SME for PJM’s credit/collateral management application and liaise with IT.

Skills

Attention to detail

Team communication

Quantitative analysis

Verbal & written communication

Problem solving

Education

Bachelor of Science degree

Tools

MS Office

Job description

Flexible Work Arrangement: Hybrid - Audubon, PA

The Sr. (Lead) Collateral Analyst (II) will provide support to the Manager, Collateral Management and Credit Sr. 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:

• Review, validate, and monitor Market Participant collateral daily to ensure ongoing 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 as necessary
• Analyze collateral positions, participant activity, exposures, and emerging trends; prepare reports and analyses related to 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 elevate collateral policy exceptions, allocation issues, and other material collateral-related matters to Credit Risk management and senior management, as appropriate
• Coordinate with Treasury regarding cash collateral postings, allocations, reconciliations, disputes, and other cash collateral-related matters
• Provide answers to member and applicant inquiries around collateral and credit requirements
• Assist in the review and processing of new Market Participant credit applications
• Collaborate with colleagues in Client & Member Service, Credit Risk, Markets, Planning and Legal to notify them of any collateral requirement default
• 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

Characteristics & Qualifications:

Required:

• Bachelor of Science degree required
• 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 of Science 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