CREDIT RISK MANAGER jobs in California
CREDIT RISK MANAGER develops and implements policies and procedures that reduce credit risk for a financial institution. Manages the building of financial models that predict credit risk exposure to the organization. Being a CREDIT RISK MANAGER oversees the preparation of performance reports for management. May require a master's degree. Additionally, CREDIT RISK MANAGER typically reports to a head of a unit/department. The CREDIT RISK MANAGER manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a CREDIT RISK MANAGER typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)
Recently Added CREDIT RISK MANAGER jobs
Manager, Credit & Energy Risk
- Clearway Energy Group
-
Carlsbad, CA
FULL_TIME
-
What The Role Is
The Manager of Credit and Energy Risk will reside within the middle-office function and play a key role in the risk management of energy marketing and trading activities across Clearway’s portfolio of renewable and conventional generation assets. This position is responsible for counterparty credit risk management and compliance with risk policies and covenants in commercial agreements. The Manager will ensure that Clearway maintains a risk-oriented mentality as the platform expands into new technology and dynamic market structures, by understanding current and emerging risks across all North American wholesale energy markets. This is a highly visible role for a detail-oriented individual to excel within a growing risk management group.
The position will report to the Director of Credit and Energy Risk.
What You'll Be Doing- Assess initial and ongoing creditworthiness of counterparties, establish credit lines with counterparties, ensure that appropriate bilateral collateral and credit support arrangements are in place with such counterparties and ISOs, and oversee daily margin calls.
- Collaborate with other groups in conveying the appropriate “tone at the top” – of prudent risk management of Clearway’s operating generation assets, including advancing training initiatives and establishing a greater fluency in risk concepts among Clearway’s professionals that facilitate a strong risk management culture within the enterprise.
- Assist the Front Office functions (energy management, origination) with pre-transaction compliance, negotiation, administration, and maintenance of commodity-enabling agreements with counterparties, brokers, futures commission merchants, commodity exchanges, and third-party service providers.
- Work collaboratively with front-office and back-office staff to achieve productive outcomes for the enterprise – able to identify risk in proposed transactions and undertake prudent/reasonable risk mitigations for a proposed course of action. To be viewed by peers as a ‘problem solver’ as opposed to a ‘roadblock’.
- Create dashboards that present positions and exposures for Clearway: a) credit exposures including mark-to-market of energy hedges; b) Value at Risk; c) scenario/sensitivity analysis; d) outcomes of stress testing.
- Oversee the creation and ongoing management of Project Limits for specified projects that will serve to establish the parameters and limits for products that can be executed by the Front Office.
- Report credit exposures, positions, risk assessments, operational risk issues, and performance in a timely and accurate fashion for presentations going to senior management and other members of the Energy Risk Committee.
- Review forward market price and volatility curves used by the Front Office for transaction and portfolio valuation.
- Prepare risk issues that require approval of the Energy Risk Committee at committee meetings, maintain current and prior versions of the Policy, and facilitate the annual Policy review process.
- Serve as an active participant in Clearway’s ETRM vendor review, selection, implementation, and integration initiative.
- Ensure that counterparty and contract information is recorded accurately in Clearway’s system of record in a timely manner.
- Coordinate with the Director on reporting incidents of non-compliance including limit violations and policy violations.
- Bachelor’s Degree in economics, finance, business, mathematics, or related discipline.
- 5 years of credit risk experience in an energy trading or commodity environment.
- Solid credit analytical skills with experience negotiating energy-related agreements (ISDAs, EEIs, PPAs) and underlying collateral including parental guarantees and letters of credit.
- Thorough understanding of exposure calculations (MTM, PFE), trading instruments, and hedging.
- Strong communication skills; able to relay complex issues in a digestible, executive-level format.
- If you don’t meet 100% of the above qualifications but see yourself contributing, please submit your resume.
- Direct renewable energy experience
- CPA/CFA designation (or progress towards)
- Advanced Excel skills, PowerBI reporting, and Bloomberg
The pay rate for the successful candidate will depend on geographic location, skills, relevant and demonstrated experience, education, training and certifications, and other factors permitted by law. This role is eligible to earn an annual cash bonus, subject to personal and company performance goals.
Salary Range Across all U.S. Locations
$128,000—$175,000 USD
Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., we own and operate 10 gigawatts of renewable and conventional energy assets across the country. As we develop a nationwide pipeline of new renewable energy projects for the future, Clearway’s 8 gigawatts of operating wind, solar, and energy storage assets offset the equivalent of more than 9 million metric tons of carbon emissions for our customers today. Clearway Energy Group is headquartered in San Francisco with offices in Carlsbad, CA.; Scottsdale, AZ.; Houston, TX; Denver, CO; and Princeton, NJ. For more information, visit clearwayenergygroup.com.
Our Commitment to Diversity, Equity, & Inclusion
At Clearway, we create a community that isn’t about being the same – it’s about building a team of unique individuals, with different backgrounds & skill sets, coming together to build something big & make a difference in the world. Clearway’s team is dedicated to a clean energy future across a wide spectrum of roles & responsibilities. Embodying our company values and operating principles, unique individuals come together over a common mission. We embrace opportunities to do challenging work that can change the world. We aspire to bring out the best in everyone. We share setbacks, celebrate successes, & act with integrity & accountability to get the job done.
Working at Clearway, Hybrid Together
Here at Clearway, we’re committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing new hires based near one of our offices in San Francisco, Carlsbad, Scottsdale, Houston, Denver, & Princeton. Our office-based employees typically work together from fabulous spaces on Tuesdays & Thursdays to collaborate & learn, build community, get to know one another, & enjoy company-provided meals & events.
Clearway Energy is an equal opportunity employer that values a broad diversity of talent, knowledge, experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities, women, individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities to our Military & Veterans.
What We Provide
Clearway offers all eligible employees working 20 hours per week a comprehensive menu of benefits: generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships. For more on Clearway benefits, visit our Benefits Website.
Notice to Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws, ordinances and regulations for all applicants and employees. We will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to recruiting@clearwayenergy.com and let us know the nature of your request and your contact information.
Notice to California Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws, ordinances and regulations for all applicants and employees. - Just Posted
Manager, Credit & Energy Risk
- Clearway Energy
-
San Francisco, CA
FULL_TIME
- What The Role Is The Manager of Credit and Energy Risk will reside within the middle-office function and play a key role in the risk management of energy marketing and trading activities across Clearw...
- 30 Days Ago
Manager, Credit & Energy Risk
- Clearway Energy
-
Carlsbad, CA
FULL_TIME
- What The Role Is The Manager of Credit and Energy Risk will reside within the middle-office function and play a key role in the risk management of energy marketing and trading activities across Clearw...
- 30 Days Ago
Regulatory Enterprise Risk Manager
- BluPeak Credit Union
-
San Diego, CA
FULL_TIME
- Overview The Regulatory Enterprise Risk Manager plays a key role in supporting BluPeak Credit Union enterprise-wide operational risk and control assessment and monitoring programs performed by both th...
- 4 Days Ago
Assistant Manager, Risk Management
- Redwood Credit Union
-
Napa, CA
FULL_TIME
- Redwood Credit Union is a not-for-profit financial institution that believes in people over profits. Our mission is to passionately serve the best interests of our Members, team members, and communiti...
- 11 Days Ago
Risk Program Credit Card Oversight Manager (Remote)
- Sumitomo Mitsui Banking Corporation
-
UNKNOWN, CA
FULL_TIME
- Join us on our mission to create a completely new, 100% digital bank that truly serves customers' best interests. We are a close-knit and fun-loving team of seasoned financial services professionals w...
- 18 Days Ago
CREDIT RISK MANAGER jobs at Popular Companies
Credit Risk Manager
- Alliance of Professionals & Consultants, Inc. (APC)
-
- Are you an experienced Senior Credit Risk Manager? If so, let’s talk! Our client is actively seeking a talented Senior C...
- 6/11/2024 12:00:00 AM
VP Credit Risk Management
- Farm Credit
-
Austin, TX
- Job Description: Who we are: Farm Credit Bank of Texas is a $37.3 billion wholesale bank that has been financing agricul...
- 6/11/2024 12:00:00 AM
Credit Risk Manager
- Fifth Third Bank
-
Cincinnati, OH
- Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? ...
- 6/10/2024 12:00:00 AM
Credit Risk Manager
- American National Bank of Texas
-
Terrell, TX
- Reporting to the Chief Financial Officer, the Credit Risk Manager directs the strategic management, oversight, and gover...
- 6/10/2024 12:00:00 AM
VP Credit Risk Management
- Parallel Consulting
-
- Our client, a prominent Bank, is currently seeking a highly skilled and experienced VP Credit Risk Modeler to join the t...
- 6/10/2024 12:00:00 AM
Credit Risk Manager
- Synovus Financial Corporation
-
Huntsville, AL
- Manages and monitors a portfolio of client credit exposures with total Synovus Relationship Exposure (TSRE) over $2.5 MM...
- 6/9/2024 12:00:00 AM
Credit Risk Manager
- Balance
-
New York, NY
- Description Who we are: Balance is the leading B2B checkout experience for sellers looking to build a self-serve digital...
- 6/7/2024 12:00:00 AM
Credit Risk Manager – C&I
- Madison-Davis, LLC
-
- Office Status: Hybrid Salary: $100,000 to $150,000 Responsibilities: Assess credit risk management program and make impr...
- 6/7/2024 12:00:00 AM
About California
California is a state in the Pacific Region of the United States. With 39.6 million residents, California is the most populous U.S. state and the third-largest by area. The state capital is Sacramento. The Greater Los Angeles Area and the San Francisco Bay Area are the nation's second and fifth most populous urban regions, with 18.7 million and 9.7 million residents respectively. Los Angeles is California's most populous city, and the country's second most populous, after New York City. California also has the nation's most populous county, Los Angeles County, and its largest county by area, S...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for CREDIT RISK MANAGER jobs
$129,819 to $191,246
Most Popular Cities in California for CREDIT RISK MANAGER Jobs
What does a CREDIT RISK MANAGER do?
CREDIT RISK MANAGER in Houston, TX
Additional responsibilities may include proactive evaluation of Problem Assets, the New/Complex Product Approval Process, Counterparty Risk Quantification, limit approval authority and reporting of capital markets credit risk.
January 18, 2020
CREDIT RISK MANAGER in Erie, PA
A credit risk manager is responsible for reviewing the financial statement details and prior history, then making a decision about the level of acceptable risk for the business or organization.
January 31, 2020
CREDIT RISK MANAGER in Paramus, NJ
Depending on the size of the organization and the industry, there might be multiple credit risk managers.
February 09, 2020