(Sr.) Lead Collateral Analyst

PJM Interconnection, LLC; Lower Providence Township (PA); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical insurance

Dental/Vision

401(k) match

Vacation & holidays

Tuition reimbursement

Life insurance

Disability coverage

Job summary

PJM Interconnection, LLC is seeking a Sr. (Lead) Collateral Analyst (II) to support the Manager, Collateral Management and Credit Sr. Director. You will review collateral daily, issue calls, monitor exposures, and prepare analyses to support filings and risk decisions.

You will collaborate with Credit Risk, Treasury, and other teams, ensuring tariff compliance and facilitating collateral-related processes. A BS degree and 5+ years in energy/financial domains are required.

Qualifications

• Ability to communicate effectively in a team environment.
• Experience in quantitative and qualitative analysis.
• Proficiency with Microsoft Word, Excel and PowerPoint.

Responsibilities

• Review, validate, and monitor Market Participant collateral daily to ensure compliance with Tariff requirements and PJM policies.
• Issue collateral calls and process collateral returns as required.
• Monitor collateral adequacy and participant compliance, including documentation and outreach.
• Analyze collateral positions, participants, exposures, and trends; prepare related reports and analyses.
• Draft and enhance collateral policies, procedures, and internal controls.

Skills

Communication skills

Quantitative analysis

Qualitative analysis

Microsoft Office

Education

Bachelor of Science degree

Bachelor of Science in Finance/Accounting/Business

Tools

MS Office Suite

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

PJM employees work collaboratively to maintain the reliability of North America’s largest centrally dispatched electric grid and to operate one of the world’s largest competitive wholesale electricity markets. We seek talented candidates who thrive in a diverse, challenging and creative environment where they have opportunities to grow, learn new skills and build a career. Learn more about PJM by visiting the Learning Center. Discover your potential at PJM Interconnection! We are proud of our company’s history, culture and community. As the nation’s largest grid operator, the work we do every day requires every one of us. We recognize and appreciate the different abilities, backgrounds, perspectives, experiences, cultures and needs of each individual. If you're seeking a dynamic and supportive workplace that values innovation and creativity, we invite you to explore opportunities with our team.

Benefits:

• Medical, vision and dental insurance
• 401(k) plan with 100% employer match up to 5% of salary
• Non-elective 401(k) employer contribution
• Vacation and paid holidays
• Tuition reimbursement
• Life insurance
• Accidental death and dismemberment insurance
• Short-term and long-term disability coverage
• Business travel and accident insurance
• Child day care referral program
• Employee assistance program
• Adoption benefits recognized by the Dave Thomas Foundation for Adoption, which has named PJM one of the best adoption-friendly energy and utility companies in America.