What are the responsibilities and job description for the Senior Margining Operations Analyst Consultant position at Kforce Technology Staffing?
Job Details
RESPONSIBILITIES:
Kforce has a client that is seeking a Senior Margining Operations Analyst Consultant for a hybrid role in Clifton, NJ.
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 company 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 company 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 company regarding the risk policy
* Responsible for electronic record management and original documentation filing and Business Process and Procedure Updates
* Scanning and uploading documents for electronic file storage regarding regulatory compliance requirements
REQUIREMENTS:
* Bachelor's degree in Business, Finance or a Technical degree
* 2-3 years of experience
* 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)
* 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
* Self-reliant, strong problem solver and results orientated
* Strong process management skills
* Able to work well independently and with a team
* Strong communication skills
* Able to multitask effectively on complex margining operations processes
* Able to consistently meet intra-day collateral management deadlines in a fast-paced environment
The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.
We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.
Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.
This job is not eligible for bonuses, incentives or commissions.
Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.
By clicking ?Apply Today? you agree to receive calls, AI-generated calls, text messages or emails from Kforce and its affiliates, and service providers. Note that if you choose to communicate with Kforce via text messaging the frequency may vary, and message and data rates may apply. Carriers are not liable for delayed or undelivered messages. You will always have the right to cease communicating via text by using key words such as STOP.
Kforce has a client that is seeking a Senior Margining Operations Analyst Consultant for a hybrid role in Clifton, NJ.
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 company 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 company 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 company regarding the risk policy
* Responsible for electronic record management and original documentation filing and Business Process and Procedure Updates
* Scanning and uploading documents for electronic file storage regarding regulatory compliance requirements
REQUIREMENTS:
* Bachelor's degree in Business, Finance or a Technical degree
* 2-3 years of experience
* 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)
* 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
* Self-reliant, strong problem solver and results orientated
* Strong process management skills
* Able to work well independently and with a team
* Strong communication skills
* Able to multitask effectively on complex margining operations processes
* Able to consistently meet intra-day collateral management deadlines in a fast-paced environment
The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.
We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.
Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.
This job is not eligible for bonuses, incentives or commissions.
Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.
By clicking ?Apply Today? you agree to receive calls, AI-generated calls, text messages or emails from Kforce and its affiliates, and service providers. Note that if you choose to communicate with Kforce via text messaging the frequency may vary, and message and data rates may apply. Carriers are not liable for delayed or undelivered messages. You will always have the right to cease communicating via text by using key words such as STOP.
Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.