Job Description

Department Overview

The Market and Credit Risk Management (M&CRM) department consists of Market and Transaction Risk, Credit and Emerging Risk, Governance, Analysis and Modeling and Infrastructure and Controls functions. PG&E engages in various standard and nonstandard natural gas and electric procurement activities, and it is the responsibility of the M&CRM department to facilitate transaction execution and assist in mitigating market, credit and liquidity risks associated with contractual ligations and associated potential liquidity requirements.

The Credit and Emerging Risk (CRM) group within M&CRM is responsible for performing credit and liquidity analyses, developing credit standard and policies, negotiating credit terms and financial securities as needed, assessing portfolio credit risk and ensuring credit risk function meets corporate and utility policies and standards. CRM supports many business areas including but not limited to transactional activities associated with natural gas, electricity, nuclear fuels, electric and gas operations. CRM also provides credit assessment and analysis in support of supply chain contracting activities and other emerging risks. Since the utility must comply with state and federal regulation, CRM supports various regulatory efforts across the company as it relates to credit risk monitoring, reporting and analyses.

Position Summary

Senior analyst is an individual contributor position within CRM and is expected to contribute to the majority of the above areas. The analyst is expected to monitor and report portfolio's credit risk, provide detail and clear explanation of risks measured, ensure data quality across various risk management systems, perform credit worthiness analyses of assigned portfolio, monitor and assign credit limits in compliance with credit procedure and on a timely manner to meet front office deadline.

Qualifications

Minimum Qualifications:

Bachelor's degree in Information Systems, Business, Engineering, Financial Engineering, Economics, Statistics, or Mathematics.

Minimum of three years in accounting, finance, procurement, settlement, or credit risk management and counterparty financial evaluation

Desired Qualifications:

Excellent written and verbal communication skills.

Proven Microsoft office expertise.

Prior credit risk management experience in utility or energy industry preferred.

Good understanding of energy industry contracts including but not limited to EEIs, NAESBs, ISDAs, and Power Purchas/Sale Agreements.

Responsibilities

Evaluates counterparty's financial strength based on standard guidelines and procedures using financial analyses of financial statements and other relevant market intelligence.

Negotiates credit term and limit threshold levels for various agreements.

Monitors exposure against established credit limits and enforces credit margin maintenance requirements.

Monitors, gathers, and maintains collateral owed or posted.

Liaises with treasury, front office, and settlement group to quantify the amount of collateral to be posted or collected and track the levels of interest expenses or income associated with collateral activities.

Prepares relevant credit risk reports.

Maintains and manages credit risk and counterparty information within system of records in PG&E's risk management systems.