Senior Margining Operations Analyst ConsultantApply Now
Location: Holyoke, Massachusetts 01040
Employment Type: Contract
Job Description
Contract Length: 3 months with possible extension; hybrid schedule
Job Summary: This person will be assisting the Market and Credit Risk Department.
Responsibilities:
Requirements:
Job Summary: This person will be assisting the Market and Credit Risk Department.
Responsibilities:
- Administer the procedures pertaining to the intra-day margining processes related to physical and financial positions arising from the Real-Time Energy Market, Day-Ahead Energy Market, Financial Transmission Rights (FTR) and Forward Capacity Market (FCM)
- Evaluate the daily collateral requirements regarding market auction bids / offers related to Virtual Transactions, FTRs, and FCM positions
- Administer the collateral management process related to Letters of Credit, cash deposits with the Mutual Funds and Surety Bonds
- Timely execution of market participant suspension (and cure) procedures to mitigate default risk and potential socialized losses to the overall market
- Administration of market participant financial reporting and risk management documentation posting requirements to the ISO including quarterly and yearly financial statements, Information Disclosure & Risk Policy Attachments and OFAC checks
Requirements:
- Bachelor’s degree in business, Finance or a Technical Degree
- 2-3 years’ experience
- Demonstrated ability to work well independently and within a team environment
- Strong analytical and problem-solving skills
- Ability to communicate complex concepts in simple terms, both written and verbally
- Understanding of energy markets and the role of the company as a central clearing counterpart
- Knowledge of collateral management instruments such as letters of credit and other security arrangements (surety bonds / mutual funds)
Contact
Chintan “Calvin” Raval
Director, Technology Consulting
As the vendor manager for the Contract Recruiting team, Chintan is responsible for contract negotiation, continuing to expand relationships with IT service providers, and functional reporting including metrics for billability, operational issues, and investigated root causes.
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