(Sr.) Manager, Collateral Management

Flexible Work Arrangement: Hybrid

The (Sr.) Manager, Collateral Management is responsible for overseeing and managing all aspects of PJM's collateral management function, including establishing policies, procedures, and systems to effectively monitor and mitigate collateral/credit support received from PJM members. A strong relationship manager, The (Sr.) Manager, Collateral Management must interact with more than 900 member companies on an ongoing basis to provide confidence in PJM's credit risk and collateral management process. Responsibilities also include, ensuring that current Tariff provisions related to credit are implemented fully, recommending Tariff changes to address future issues, timely reporting and monitoring market conditions and credit exposure related to collateral holdings.

• Manage staff, including supporting the day-to-day activities and longer-term projects, to ensure that both PJM and its members remain in compliance with the Tariff at all times.
• Develop collateral Management framework, including but not limited to policy, standards, procedures, reporting and risk appetite of PJM.
• Manage all tariff requirements related to collateral management and write revisions to the Tariff to represent proposed policy changes.
• Prepare supporting materials for FERC filings and contribute to FERC filings as needed, including writing and editing of transmittal letters and supporting documents as it related to collateral management.
• Lead, be the primary contact and serve as the subject matter expert, both internal and external.
• Ensure accurate and timely review of collateral documentation and reporting
• Maintain understanding of the relationships between credit and PJM's markets, in order to recommend effective policies that will balance market needs with collateral protection
• Serve as the business owner of collateral management reporting and monitoring
• Coordinate with legal and compliance teams to address complex regulatory issues.
• Create and maintain a working credit system that will calculate member credit, track member activity and highlight when collateral calls are required of members.
• Perform ad-hoc analyzes, special projects, and additional duties/responsibilities as required.
• On an ad hoc basis, present credit status to stakeholders, Risk and Audit Committee
• Effectively manage the stakeholder process to guide changes through to approval.
• Collaborate with key internal partners to enhance processes, communications and controls.
• identify opportunities to optimize collateral usage and minimize credit risk exposure.

• Bachelor's Degree in Business Administration, Finance or equivalent work experience
• At least 7 years of work experience
• 10+ years of leadership experience in a managerial/supervisory role

• Master's Degree in Business Administration or Finance
• 5-10 years of leadership experience in a managerial/supervisory role.
• Ability and desire to build relationships and interact with a wide range of stakeholders and staff to maintain and enhance PJM's customer service reputation
• Experience with PJM operations, markets, and planning functions
• Proven record of effective leadership, including ability to balance team and individual responsibilities
• Excellent analytical skills and understanding of risk/collateral management