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Credit Risk Reporting Analyst or Senior Credit Risk Reporting Analyst Job

Xcel Energy

Position Type:
Rqd Education:
Rqd Experience: 2 - 5 years
Date Posted: August 12, 2022
Reference Code: 48699-en_US
Job Grade: O
Hierarchy: Yes - We may hire at a higher level
Union Position: Non-Bargaining

Position Summary

Performs credit risk reporting, including Delivered but Not Paid (DNP), Mark to Market (MTM), credit risk limit and posting risk models. Assists in preparing report outs for senior management. Coordinates and reconciles agreement MTM. Develops and maintains energy commodity market knowledge and intuition about proprietary portfolio. Assists in periodic fundamental credit risk analysis and coordination with Treasury. Assists with credit reviews to maintain appropriate credit lines.

Essential Responsibilities
  • Run credit risk reports, perform annual creditworthiness reviews to maintain appropriate credit lines, highlight key concerns, ensuring concerns are addressed.
  • Assist in periodic fundamental credit risk analysis, work with counterparty credit groups to identify business intelligence, as well as daily reconciliations between credit agreement MTM and required collateral provisioning; coordinate with Treasury to ensure collateral transfers match collateral requirements. Maintain and optimize collateral postings with counterparties, ISOs and exchanges.
  • Develop and maintain relationships with internal and external stakeholders.
  • Develop and maintain intuitive awareness of credit agreement MTM vs key thresholds as well as internal and external agency ratings; proactively identify repayment concerns and collateral posting risks.
  • Assists with counterparty credit risk analysis using both standard industry methods as well as employing proprietary credit analysis methods and models. Update views periodically and report results to internal stakeholders including but not limited to Commercial Operations and Risk Management.
  • Develop and maintain commercial intuition of proprietary portfolio risk positions, market price levels and changes. Scrutinize and verify credit agreement database, ensuring agreement economic details are accurate and impact on the agreement of market conditions match intuition.
  • Support structured deal review teams by understanding deal specific balance costs and risks; develop strategies to mitigate potential issues.
  • Coordinate with Business Systems and Valuation & Systems Strategies business units to ensure credit risk report capabilities meet current and continuing business requirements.

Minimum Requirements
  • Bachelor's degree as well as 3 years professional credit and collateral risk reporting experience required.
  • Experienced using Excel, Word, and PowerPoint.
  • Demonstrated attention to detail.
  • Strong quantitative skills.
  • Strong verbal and written communication skills.
  • Ability to develop and maintain professional relationships both internal and external to the firm.
  • Attention to detail, including demonstrated ability to reconcile report results across multiple sources to verify accuracy and ensure high quality work product.
  • Commercial acumen and demonstrated ability to understand credit risk and ability to quickly explain complex issues and contribute to fast paced teams.
  • Experience at an energy utility, merchant energy company, investment bank, and/or hedge fund very beneficial.

Xcel Energy is committed to the safety of its employees and customers, and promotes a Safety Always culture. Because of this, we strongly encourage all employees to be fully vaccinated against COVID-19; however, vaccination is not mandatory. After being hired, you will asked to report your vaccination status and dates of vaccination. This information will be maintained confidentially and disclosed only on a need-to-know basis. If you are not fully vaccinated or choose not to disclose your vaccination status you will be required to follow any health-and-safety rules applicable to unvaccinated employees.

As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you're ready to be a part of something big, we invite you to join our team.

Posting Notes: CO - Denver || CO - Denver || United States (US) || Audit and Financial Services || 25275:Risk Strategy & Control & Cred || Full-Time || Non-Bargaining ||

The anticipated starting base pay for this position is: $76,000 to $109,666 per year

This position may also be eligible for the following benefits and/or pay components: Pay - Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Personal holidays, Volunteer Paid Time Off (VPTO) (full-time employees only), Parental Leave

Click here to see our benefits

Requisition Number: 48699
All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com
About this Employer‍

As a leading electric and natural gas energy company, we offer a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers across our eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

Our workforce of more than 12,000 is rising to the challenge of a dynamic, constantly-changing utility industry. One that requires us to be even more customer focused, forward thinking and productive while remaining committed to meeting our customers’ fundamental need for safe, reliable, affordable energy.

With nearly 50% of our workforce eligible to retire in the next five years, there’s never been a better time to come on board. Do you have a passion for renewable energy, like wind or solar? Or care about giving back to the community? You’ll be in a position to directly impact our energy future.

At Xcel Energy, you’ll be challenged, respected and rewarded. You’ll find an ethical team committed to excellence, safety and environmental stewardship. A dynamic company where you’ll have meaningful work that makes a difference.