What are the responsibilities and job description for the Senior Margining Operations Analyst Consultant – Holyoke, MA (Hybrid). position at Ehub Global Inc?
Senior Margining Operations Analyst Consultant
Hybrid to Holyoke, MA
12 Months
The Consultant should possess the following skills:
· Understanding of energy markets and the role of the as a central clearing counterpart
· Knowledge of collateral management instruments such as letters of credit and other security arrangements (surety bonds / mutual funds)
· Self-reliant, strong problem solver and results orientated
· Strong process management skills
· Works well independently and with a team
· Strong communication skills
· Multi-task effectively on complex margining operations processes
· Consistently meet intra-day collateral management deadlines in a fast-paced environment
Primary 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
§ 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 within the ISO 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 to the ISO 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
Minimum Requirements / Education
§ 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
Ability to adapt to shifting priorities
Share resume at ringkhang.b@ehub.global
