Credit Risk Management Analyst

About the Role

Administers the company's enterprise risk management credit policy under supervision, supporting all AEP business units for moderately complex transactions. Responsibilities include determining the financial ability of AEP's counterparties to deliver contracted products and services, meet payment obligations, negotiate credit provisions for master agreements, and handle guaranty negotiation, execution, and maintenance to ensure optimal guaranty coverage.

Responsibilities

• Mitigate credit risks to preserve revenues and avoid losses while facilitating business opportunities under supervision for moderately complex transactions.
• Credit Analysis: Perform initial and/or ongoing quantitative and qualitative analysis of customers, suppliers, or counterparties to establish monetary limits, tenor limits, and internal ratings related to the purchase or sale of services and commodities.
• Portfolio Management:
  • Monitor monetary limits, tenor limits, and ratings for counterparties.
  • Monitor industry news to assess relevant impacts on counterparties and identify potential portfolio actions.
  • Perform margining and related tasks proficiently.
  • Maintain data integrity within the credit risk system, including counterparty, contracts, collateral, ratings, and other pertinent information.
  • Manage and administer collateral held or posted for counterparties, RTOs, or exchanges, including guarantees, cash, letters of credit, and surety bonds.
• Reporting: Prepare credit risk reports for risk committees, executive meetings, and financial reporting or compliance purposes.
• Contracts: Negotiate credit provisions for master agreements and supporting collateral documents, such as collateral annexes, guarantees, letters of credit, and netting agreements.
• Recommend and implement strategies to improve processes and systems for assessing, measuring, and monitoring credit risk.

Requirements

• Education: Bachelor’s Degree, preferably in Finance or Accounting; or Associate’s degree, preferably in Finance or Accounting with two (2) years of experience.
• Experience: Minimum three (3) years of total work experience in addition to any experience noted above.
• High proficiency with Excel, PowerPoint, and database management tools/software.
• Excellent written and oral communication skills.
• Knowledge and/or experience in commercial and commodity transactions are desirable.
• Strong multi-tasking skills.

Pay

Expected salary range: $83,000.00–$93,000.00 per year (USD). Compensation range: $74,551.00–$93,188.50.

Schedule

This role involves sedentary work: exerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently to lift, carry, push, pull, or otherwise move objects. Sedentary work primarily involves sitting but may include walking or standing for brief periods.