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This position provides support to the Credit Risk organization and is responsible for a number of daily and monthly deliverables. The Credit Risk department is responsible for the management of all aspects of the credit risk mitigation effort including researching and analyzing new and existing counterparties to determine appropriate levels of exposure, managing collateral requirements, negotiating and structuring of contracts and credit support arrangements, and monitoring and reporting of credit exposures and events.
Key Accountabilities
•Manage dynamic credit requirements associated with Exchange Counterparties, including, but not limited to, forecast and analysis of collateral requirements•Perform daily bilateral margining activities, including reporting, dispute resolution and maintaining counterparty relationships•Communicate with internal and external clients regarding margining, valuation disputes and collateral postings, as well as respond to credit risk queries in a timely manner.•Monitor and maintain collateral postings, including cash, letters of credit negotiation, Guarantee renewals and lockbox cash disbursements.•Perform reporting of business activities and ad hoc assessment of credit system issues/enhancements.•Perform daily, monthly and quarterly reporting of business results and operational activities and ad hoc assessment of credit system issues/enhancements
Education, Experience, & Skill Requirements
•Undergraduate degree in finance, accounting, economics, engineering or related quantitative discipline.•Experience with commercial credit risk, especially as it pertains to the energy sector, is a plus.•Experience with Allegro ETRM a plus.•Working knowledge of Visual Basic, C++, SQL, SAS and/or other relevant programming language a plus.•Proficiency in Microsoft Office products (Excel, Word, Access and Power Point).
Key Metrics
•Margin call (sending and receiving) timeliness and accuracy•Trading exception timeliness and accuracy•Credit risk completeness and accuracy•SOX and Operational controls compliance•Thoroughness of counterparty reviews
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Job Family
Risk Management
Company
Vistra Corporate Services Company
Locations
Irving, TexasTexas
It is the policy of the Company to comply with all employment laws and to afford equal employment opportunity to individuals in all aspects of employment, including in selection for job opportunities, without regard to race, color, religion, sex, sexual orientation, gender identity, pregnancy, national origin, age, disability, genetic information, military service, protected veteran status, or any other consideration protected by federal, state or local laws.

Vistra (NYSE: VST) is a leading Fortune 500 integrated retail electricity and power generation company, based in Irving, Texas, that provides essential resources to customers, businesses, and communities from California to Maine. Vistra is a leader in transforming the energy landscape with an unyielding focus on reliability, affordability, and sustainability. The company safely operates a reliable, efficient, power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities while taking an innovative, customer-centric approach to its retail business. Learn more at vistracorp.com.