What are the responsibilities and job description for the Senior Margining Operations Analyst position at Delphi-US, LLC - Peacemakers in the Talent War?
Title : Senior Margining Operations Analyst (Contract)- Job#5358
Location : Springfield, MA area / Hybrid Remote
Job Description :
Our client located in the Springfield, MA area has an immediate opening for a Senior Margining Operations Analyst to join their team in a hybrid remote capacity.
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 including quarterly and yearly financial statements, Information Disclosure & Risk Policy Attachments and OFAC checks
- Ensure risk management system is updated with market participants latest external and internal credit ratings
- Quarterly update of all assigned margining operations business processes and procedures
- Support building and maintenance of tools and system solutions related to market participant collateral posting requirements
- Act as initial point-of-contact regarding daily collateral requirements questions
- Work independently to resolve customer questions / issues by reviewing the pertinent sections of the risk policy
- Coordinate responses to queries submitted regarding the risk policy
- Responsible for electronic record management and original documentation filing & Business Process and Procedure Updates
- Scanning and uploading documents for electronic file storage regarding regulatory compliance requirements
Required
About Delphi-US
Delphi-US is a national recruiting firm based in Newport, Rhode Island. We specialize in IT, Engineering and Professional Staffing services for premier corporations and a multitude of industries across the United States. We are the Peacemakers In The Talent War – bringing the best and brightest talent to Employers of Choice, enabling critical project success, fostering progressive employment relationships, and promoting competitive advantages for our Clients and the Talent Marketplace we serve. Delphi accomplishes this with a proprietary skill-based and cultural matching process that results in higher qualified submissions along with increased interviews and offer rates. You’ll find our team is highly experienced, friendly, professional and ready to advocate on your behalf, armed with industry trends, and an understanding of employer expectations.
