Senior Margining Operations Analyst
Kforce
Kforce has a client in Holyoke, MA that is seeking a Senior Margining Operations Analyst.
Responsibilities:
* The Senior Margining Operations Analyst will manage daily margin processes for positions in the Real-Time Energy Market, Day-Ahead Energy Market, Financial Transmission Rights (FTR), and Forward Capacity Market (FCM)
* Review daily collateral needs for auction bids and positions in Virtual Transactions, FTRs, and FCM
* Handle collateral management for Letters of Credit, cash deposits, mutual funds, and Surety Bonds
* Execute market participant suspension and cure procedures to reduce default risk and market losses
* Oversee market participant financial reporting and documentation, including quarterly/yearly financial statements, risk policies, and compliance checks
* Update risk systems with participants' latest credit ratings
* Review and update margining operations processes quarterly
* Support tools and systems for collateral requirements
* Serve as the primary contact for collateral questions and resolve issues based on the risk policy
* The Senior Margining Operations Analyst will respond to inquiries about the risk policy
* Manage electronic records, documentation filing, and compliance-related document storage
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