Margining Operations Analyst at ISO New England Inc.

Holyoke, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

19 Dec, 25

Salary

0.0

Posted On

20 Sep, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Risk, Credit Analysis, Collateral Operations, Margining Practices, Energy Markets, Collateral Management Instruments, Letters Of Credit, Surety Bonds

Industry

Utilities

Description

ISO New England is the independent system operator responsible for ensuring the safe and reliable flow of electricity in our region and planning for the future of the electric grid. We are at the forefront of New England’s ongoing transition to clean energy. ISO New England operates the region’s power grid 24/7 and oversees wholesale electricity markets to ensure reliable, competitively priced energy. As the central clearing counterpart, ISO facilitates everything from five-minute energy trades to multi-year forward contracts. The Market and Credit Risk Department oversees credit exposure across a diverse, multi-billion dollar portfolio of markets, ensuring robust risk management and strategic oversight. We’re seeking up to a Senior Margining Operations Analyst to support daily collateral management operations and help mitigate participant default risk. What we offer you: Hybrid work schedule with 2 days/week onsite Relocation Assistance Base salary plus performance bonus program, professional development and tuition reimbursement, enhanced 401k and financial planning, wellness programs with onsite gym, onsite café with free coffee, flexible work hours, access to business networks & more, all in a stable and supportive work environment! How you will make an impact: Administer intra-day margining for the Real-Time, Day-Ahead, FTR and Forward Capacity Markets. Evaluate the daily collateral requirements of market participants. Reconcile margin data and resolve disputes with market participants. Administer Letters of Credit, Surety Bonds and cash deposits. Execute market participant suspension and cure procedures. Support development of collateral management tools and systems. Serve as the primary contact for inquiries on collateral requirements. What you need to be successful in this role: Bachelor's Degree in Business, Finance, or other related field 5+ years of experience in financial risk, credit analysis, or collateral operations Multi-task effectively on complex margining operations processes. Familiarity with margining practices and products (e.g., OTC derivatives, futures, cleared swaps). Understanding of energy markets and the role of the ISO as a central clearing counterpart. Strong knowledge of collateral management instruments such as letters of credit and surety bonds. This employer will not sponsor applicants for work visas for this position (ex: H-1B, F-1/CPT/OPT, O-1, E-3, TN, J, etc.). #LI-HYBRID This is a U.S. based role. If the successful candidate resides outside of the U.S., relocation will be required. Equal Opportunity: We are proud to be an EEO employer. Applicants for employment are considered without regard to race, color, religion, creed, sex (including pregnancy, childbirth, and related medical conditions), gender identity or expression, sexual orientation, citizenship, national origin, age, ancestry, marital status, disability (including learning, mental, intellectual, and physical), service in the uniformed services, genetic information, or any other status protected by applicable law. Drug Free Environment: We maintain a drug-free workplace and perform pre-employment substance abuse testing.

Responsibilities

Administer intra-day margining for various markets and evaluate daily collateral requirements of market participants. Reconcile margin data, resolve disputes, and support the development of collateral management tools and systems.