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Senior Financial Risk Analyst [HYBRID]

AT Southern California Edison (SCE)
Southern California Edison (SCE)

Senior Financial Risk Analyst [HYBRID]

Rosemead, CA

Job Description
Join the Clean Energy Revolution!

The Senior Financial Risk Analyst will be in the Risk group within the Finance organization at SCE. The Risk group identifies, evaluates and communicates commercial procurement risks and recommends and monitors risk mitigations. You will analyze the credit worthiness of large suppliers and guarantors and be responsible for establishing and monitoring unsecured credit amounts with counterparties, monitoring rating changes and alerts on suppliers and banks and assessing impact on exposure and security requirements.

A day in the life - Get ready to think big, work smart and shine bright!

  • Analyzes financial statements and current industry conditions to provide objective financial credit assessments and actionable credit limit recommendations.
  • Stays well-informed of counterparty, industry, and regulatory actions to proactively address emerging credit risk issues.
  • Supports the development and operations of company-wide credit risk reporting activities which include disclosures on liquidity and credit exposure for financial statements (10K / 10Q) and SOX controls for credit exposure analysis.
  • Calculates mark-to-market (MtM) for all commodity transactions to track risk exposure. Independently analyze MTM data and provide explanations for quarter-end financial reporting.
  • Identifies and supports the implementation of continuous improvement opportunities to improve the credit assessment framework, streamline the process, and support the development and maintenance of documentation describing credit assessment process.
  • Responsible for maintaining and overseeing the credit risk management system and verifying the accuracy of credit and liquidity exposure
  • calculations and data integrity. This includes liaising with IT to ensure issues are addressed efficiently and expeditiously.
  • Works in a team environment collaborating with advisors, contract managers, traders, credit and collateral specialists, financial analysts and attorneys.
  • Responds to data requests from regulators and auditors.
  • A material job duty of all positions within the Company is ensuring the protection of all its physical, financial and cybersecurity assets, and properly accessing and managing private customer data, proprietary information, confidential medical records, and other types of highly sensitive information and data with the highest standards of conduct and integrity.

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The Essentials

  • Five or more years of combined experience with counterparty credit analysis, financial/quantitative analysis and/or risk management.
  • Five or more years experience with analysis of the three financial statements and credit ratios.

The Preferred

  • Bachelor's degree or higher in Finance, Accounting, Economics, Business Administration, or related field.
  • Completion and/or in pursuit of Chartered Financial Analyst (CFA) Program exam I, II or III, AFP FP&A Certification, or Certified Public Accountant designation.
  • Experience with energy contracts/risk management related to energy procurement.
  • Experience analyzing financial data, performing financial research and credit assessments, and resolving risk exposure for commercial or energy contract portfolios and transactions.
  • Experience using financial data platforms such as S&P Capital IQ, S&P Market Intelligence, and the Bloomberg Terminal.
  • Knowledge and familiarity with SEC reporting (i.e., 10K and 10Q).
  • Experience communicating financial information to various audiences, including senior management.

You should know

  • This position's work mode is hybrid. The employee will report to an SCE facility for a set number of days with the option to work remotely on the remaining days. Unless otherwise noted, employees are required to reside in the state of California. Further details of this work mode will be discussed at the interview stage. The work mode can be changed based on business needs.
  • Visit our Candidate Resource page to get meaningful information related to benefits, perks, resources, information and hiring process, and more!
  • Relocation does not apply to this position.
  • Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

About Southern California Edison

The people at SCE don't just keep the lights on. Our mission is so much bigger. We're fueling the kind of innovation that's changing an entire industry, and quite possibly the planet. Join us and create a future with cleaner energy, while providing our customers with the safety and reliability they demand. At SCE, you will have a chance to grow personally and professionally, making a real impact in Southern California and around the world.

At SCE, we celebrate our differences. We are a proud Equal Opportunity Employer and will not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected status.

We are committed to ensuring that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodations at (833) 343-0727.

Client-provided location(s): Rosemead, CA, USA
Job ID: Edison-71049114
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • Fitness Subsidies
    • Mental Health Benefits
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Family Support Resources
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Casual Dress
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Leave of Absence
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Stock Purchase Program
    • Performance Bonus
    • Financial Counseling
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Shadowing Opportunities
    • Access to Online Courses
    • Internship Program
    • Leadership Training Program
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)
    • Latinx founded/led