(Sr.) Lead Collateral Analyst

pjm; Lower Providence Township (PA); Hybrid; USD 110,000 - 140,000; Full time

Job summary

PJM is seeking a Sr. (Lead) Collateral Analyst (II) in Audubon, PA with hybrid work arrangements. You will support the Collateral Management and Credit Sr. Director, performing analyses on collateral issues, tracking positions, and handling collateral calls.

Responsibilities include ensuring Tariff compliance, preparing reports, and advising on policy enhancements. Collaboration with Risk, Treasury, and Client & Member Service teams is essential.

Qualifications

• Bachelor of Science degree required.
• Experience in energy or financial industry preferred.
• Strong analytical and communication skills.
• Experience with MS Office Suite.

Responsibilities

• Review, validate, and monitor collateral daily for Tariff compliance and PJM policies.
• Issue collateral calls and process collateral returns.
• Monitor collateral adequacy and participant compliance; conduct outreach.
• Analyze collateral positions, exposures, and trends; prepare reports.
• Draft and enhance collateral policies and procedures.
• Resolve collateral policy exceptions and escalate as needed.
• Coordinate with Treasury on cash collateral postings and reconciliations.
• Respond to member inquiries about collateral and credit requirements.
• Assist in processing new Market Participant credit applications.
• Collaborate with various teams to flag collateral default risks.
• Serve as subject matter expert for PJM's credit and collateral management application.

Skills

Attention to detail

Communication

Quantitative analysis

Qualitative analysis

MS Office

Education

Bachelor of Science

BS in Finance/Accounting/Business

Tools

Microsoft Word

Microsoft Excel

PowerPoint

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 & Member 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