Analyst, Credit Risk

  • Company: Exelon
  • Location: Chicago, Illinois
  • Posted: July 25, 2017
  • Reference ID: 204475

Description

At Exelon, we've got a place for you!  Join the nation's leading competitive energy provider, with one of the largest electricity generation portfolios and retail customer bases in the country.  You will be part of a family of companies that strives for the highest standards of power generation, competitive energy sales, and energy delivery.  Our team of outstanding professionals is focused on performance, thought leadership, innovation, and the power of ideas that come from a diverse and inclusive workforce.  Exelon will provide you the tools and resources you need to design, build and enhance a successful career. We are also dedicated to motivating the success of our employees through competitive base salary, incentives, and health and retirement benefits.  Join Exelon and share your passion at a forward-thinking Fortune 150 company. Establish yourself in a place where you can truly shine and create a brighter, more sustainable tomorrow.  Energize your career at Exelon!
 
PRIMARY PURPOSE OF POSITION
The Senior Analyst, Credit Risk is responsible for a credit portfolio within the designated regions.  This job is also responsible analyzing credit risk associated with the wholesale power and gas activities, including trading and origination, as well as assessing/analyzing retail power and gas credit issues for the retail supply business. The individual is a key member of a team that aggregates credit exposure across Exelon and develops analysis/reporting for Exelon senior management as well as the Board of Directors. As a member of the credit organization, this position will require an advanced understanding of the physical and financial products offered by the Company and the marketplace in order to properly assess and monitor counterparty credit/risk issues.

The incumbent is closely aligned with the business and functional leaders throughout the organization, and is expected to foster and maintain strong working partnerships with their respective peers.  This position requires interaction with Corporate Accounting, Corporate Treasury and Corporate Risk.
 
PRIMARY DUTIES AND ACCOUNTABILITIES

1. Assist on presentations to Senior Management that include credit decisions and recommendations, while highlighting top credit risks within the organization.  
2. Lead project manager for strategic projects across credit, including managing strategic projects for Senior Vice President of Enterprise Credit Risk Management  
3. Interface with the Operating Company credit teams to aggregate credit exposures at the enterprise level and develop enterprise credit analysis to inform leadership of trends in the credit portfolio   
4. Assess and analyze the credit worthiness of customers and trading counterparties, and monitor current and potential exposures.  
5. Lead the coordination, maintenance, and implementation of improved reporting and functionality of Enterprise Credit Risk systems.  
6. Coordinate with the margining and treasury teams on counterpart collateral including cash, letters of credit and parental guarantees as they relate to internal and external reporting requirements 

Qualifications

POSITION SPECIFICATIONS
Minimum:  
•BS in Accounting, Economics, Finance, Mathematics, or a related degree
•At least 3 years of relevant experience
•Advanced understanding of Mark to Market calculations and valuations of forward contract positions
•In-depth knowledge of credit and risk management fundamentals
•Thorough understanding of financial and wholesale energy trading markets
•Ability to evaluate creditworthiness of a company and clearly convey results in a well written report
•Excellent organizational, verbal and written communication skills with ability to handle multiple duties
•Strong interpersonal skills with the ability to interact with commercial and functional partners, external counterparties, vendors, and senior level executives.
•Must be self motivated and possess excellent time management skills
•Strong computer and spreadsheet modeling skills
•Ability to handle multiple tasks in a fast paced energy commodity trading environment 

Preferred:
•Completion of formal credit training program
•Advanced degree or professional designation in a related field
 
POSITION SCOPE:
The Senior Analyst, Credit Risk will:

•Support Credit leadership in managing counterparty/customer limits and exposure monitoring to maintain compliance with credit policy and specific counterparty credit terms (including margining requirements)
•Maintain Risk data system and reporting integrity
•Lead strategic projects that span the Credit organization
•Ensure accuracy of external and internal reporting and disclosures
•Prepare analysis/reporting for Senior Management and Board of Directors on enterprise credit/risk issues.
•Present findings/analysis to Senior Management
•Rigorously follow the credit process in all transactions and derive creative solutions and structures in managing multiple risks associated with a multi-billion dollar portfolio


DISCLAIMER
The preceding position description is intended to provide the general nature and level of work to be performed by employees within this classification.  It is not intended to be a detailed description of the position or a comprehensive listing of all duties, responsibilities, and qualifications required of employees assigned to this position, nor is it intended to indicate the exact amounts of time an individual will perform various position duties.


Exelon is proud to be an equal opportunity employer and employees or applicants will receive consideration for employment without regard to: age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law.

VEVRAA Federal Contractor EEO is the Law Poster http://www1.eeoc.gov/employers/poster.cfm</p>

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