Senior Credit Analyst
White Plains, US
Summary
The Senior Credit Analyst functions as the technical support for the Market & Commodity Risk department within the Risk Management Business Unit. The Senior Credit Analyst assesses both qualitative and quantitative factors that determines potential credit risk to the Authority through the identification and monitoring of exposure to markets, counterparties, vendors, organizations and customers, provides governance and implements controls. The Senior Credit Analyst performs financial reviews to determine creditworthiness and assesses the probability of default. #LI-CJ1
Responsibilities
- Perform credit analyses on markets, counterparties, vendors, organizations and customers, assessing the credit exposure and creditworthiness through the review of financial statements (annual reports, 10K and 10Q)
- Research industry and economic (macro- and micro-) trends and news events, identifying risk factors and drivers that may impact the credit portfolio
- Determine liquidity premium for trades to guide optimal use of over-the-counter or exchanges for hedging
- Perform trade controls, reviewing energy and non-energy commodity transactions for accuracy and compliance with limits
- Calculate collateral requirements of derivatives with counterparties and exchanges
- Monitor Bloomberg, Standard & Poor’s (S&P), Collateralized Loan Obligation (CLO), Moody’s, Fitch Ratings and/or Dun & Bradstreet and credit default swaps (CDS)
- Initiate on-boarding of International Swaps and Derivatives Association (ISDA) agreements and negotiate Credit Support Annex (CSA) thresholds
- File Commodity Futures Trading Commission (CFTC) and Dodd-Frank Act requirements
Knowledge, Skills and Abilities
- Thorough understanding of credit risk and drivers that impact creditworthiness
- Established knowledge of the principles of Finance, Accounting, Economics, derivatives, quantitative and statistical analysis methods and tools
- Ability to perform independent credit analysis of counterparties, vendors, organizations and customers
- Experience performing stress analyses to aid in determining credit and liquidity capacity
- Understanding of credit risk management policies and processes
- Highly proficient in spreadsheet and/or statistical analysis packages
- Ability to create and deliver presentations, reports and dashboards
- Thoroughness and attention to detail
- Strong organizational and administrative skills
- Ability to work as part of the broader Risk Management team
Education, Experience and Certifications
- Bachelor’s Degree in Finance, Business Administration, Accounting, or Economics preferred
- Minimum 4 years of demonstrated experience in credit risk analysis and research
Physical Requirements
Limited travel (about 10%) required primarily to our generating facilities.
New York Power Authority is committed to providing fair, competitive, and market-informed compensation. The target salary range for this position is: $92,660-$131,230. Salary offered will be determined based the successful candidates’ relevant experience, knowledge, skills, and abilities.
The New York Power Authority and Canal Corporation believes that diversity, equity, and inclusion drive our success, and we encourage women, people of color, LGBTQIA+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents and veterans to apply. As an equal opportunity employer, NYPA/Canals is committed to building inclusive, innovative work environments with employees who reflect communities across New York and enthusiastically serve them. We proudly celebrate diversity and do not discriminate based on race/color, creed/religion, national origin, citizenship or immigration status, age, disability, military status, gender/sex, sexual orientation, gender identity/expression, pregnancy and related conditions, familial/marital status, domestic violence victim status, predisposing genetic characteristics, arrest/criminal conviction record or any other category protected by law.
NYPA/Canals will also provide reasonable accommodations during the hiring process related to candidates’ disabilities, pregnancy-related conditions, religious observances/practices and/or domestic violence concerns. To request an accommodation, please email accessibility@nypa.gov.
Nearest Major Market: White Plains
Nearest Secondary Market: New York City
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Credit Analyst, Risk Management, Equity, Technical Support, Finance, Research, Technology