You are viewing a preview of this job. Log in or register to view more details about this job.

Credit Risk Management Intern

City of Tacoma
Email

Tacoma Power's Rates, Planning and Analysis division is looking for a Credit Risk Management Intern to join their team for a one year internship!
   
 The Intern will have the opportunity to apply their skills and gain valuable experience by supporting the Energy Risk Management (ERM) team on a variety of credit risk related projects, including creditworthiness assessments of wholesale energy trading partners, collateral management, and counterparty monitoring. They will also have opportunities to shadow other ERM functions and contribute to projects involving industry research and analysis. By working closely with both ERM and Tacoma Power’s wholesale trading team, the intern will gain broad exposure to the mechanics of wholesale energy trading and risk management.
  
Responsibilities Include:

  • Assist with reviewing wholesale energy trading partners through financial statement analysis, credit scoring models, and company/industry research.
  • Support the internal review and documentation of collateral instruments.
  • Collaborate with the Credit Analyst on industry research projects.  
  • Assist with data validation and process improvement efforts related to risk controls.

This internship is full-time (40 hours per week), with flexibility to accommodate reduced hours for current students. 


 

 

Qualifications

Minimum Education*
High School Diploma or GED

Minimum Experience*
1 year of post-high school training

Licensing, Certifications and Other Requirements
None

*Equivalency: 1 year of experience = 1 year of education 

Knowledge & Skills

 

  • Familiarity with financial statement analysis
  • Effective at problem solving & research
  • Effective oral and written communication
  • Strong organizational skills
  • Ability to use software such as the Microsoft 365 Suite of programs
  • Effective communication and listening skills

Desired Skills:

  • Proficiency in Tableau, Snowflake, or SQL
  • College Junior or Senior or recent graduate in the Business, Economics, Finance, or Mathematics fields 

 

Selection Process & Supplemental Information

 

This recruitment is being managed by Kye Merritt, if you would like to be notified of similar opportunities or stay connected with things going on at Tacoma Public Utilities and the City of Tacoma, connect with me on LinkedIn!

Compensation & Benefits

Pay Details: 

Hourly Rate: $16.72 - $20.33

Employee Benefits | City of Tacoma

The Department

The Energy Risk Management team is a part of the Rates, Planning, and Analysis Department, which works to sustain Tacoma Power’s financial strength and affordability. Energy Risk Management provides independent oversight of wholesale trading activities and develops decision support tools to help mitigate the financial risks of transacting in the wholesale energy market. These efforts support revenue stability in the face of market volatility.  

The Energy Risk Management team has three primary functions:

  • Portfolio Risk Modeling develops and maintains advanced predictive models to simulate wholesale market dynamics, optimize hydro resource operations, and quantify financial risks for Tacoma Power.
  • Credit Risk Management safeguards Tacoma Power’s financial position by evaluating counterparty creditworthiness and managing exposure to potential losses from wholesale trading activities.  
  • Risk Controls helps maintain the accuracy, reliability, and procedural compliance of wholesale trading activities through transaction validation, enforcing internal controls, and coordinating external confirmations.

As the Credit Risk Management Intern, you will play a key role in managing Tacoma Power’s financial risks of trading in the wholesale energy market, primarily by reviewing and evaluating the creditworthiness of our trading partners.

City of Tacoma’s Commitment to Diversity, Equity, and Inclusion

At the City of Tacoma, we're on a mission to make our workforce as diverse and inclusive as the community we serve. We actively seek out candidates from a wide range of backgrounds and cultures. Join our team at the City of Tacoma and help us build a more vibrant, inclusive, and equitable community for all.

If you have a less traditional background, we want to hear about your transferrable skills and experience. We value a variety of perspectives and are excited to see what you bring to the table.

The Community

Tacoma is centrally located just 32 miles south of the city of Seattle and 31 miles north of the state capital, Olympia. The City of Tacoma is also home to the Port of Tacoma, which is among the largest container ports in the United States. Like most cities in the northwest, Tacoma is surrounded by beautiful nature, offering residents many opportunities for outdoor adventures.

Largely suburban in nature with a small, but dense, urban core, Tacoma is home to numerous institutes of higher learning that attract students from across the country. The University of Washington Tacoma, Pacific Lutheran University, University of Puget Sound, a satellite campus of the Evergreen State College, three community/technical colleges, and several trade and business schools are within Tacoma's geographic area. Downtown's Cultural District is the site of the Washington State History Museum, Museum of Glass, the Tacoma Art Museum, and America's Car Museum.

With its affordable housing and distinctive neighborhoods and business districts, the city has been recognized numerous times as a best city to live in the nation. To see a few of the great things Tacoma has to offer, view this YouTube Video!

View this exciting video to learn more about the City of Tacoma: https://www.youtube.com/watch?v=2n5MWl8KFvI

Application Process

Interested individuals should apply online by completing the application and attaching a resume and cover letter by the closing date and time listed on the job announcement. Applications received without attaching the required materials may not progress in the selection process. Applicants who have the strongest backgrounds related to the responsibilities of this position may be invited to participate in the interview process, which may include a work problem. Appointment is subject to passing a background check. 

Get Assistance

For assistance with the application process or questions regarding this job announcement please contact the Human Resources office at (253) 591-5400 by 4:00 p.m. of the closing date of the job announcement.

For technical difficulties using the NEOGOV system, call the applicant support line at 1-855-524-5627 between 6:00a.m. and 5:00 p.m. Pacific Standard Time. This will allow us to assist you before the job announcement closes.

Communication with the City of Tacoma

We primarily communicate via email during the application process. Emails from Tacoma.gov and/or governmentjobs.com should be placed on your safe domain list to ensure that you receive notifications in a timely manner. As a precaution, you may also want to check your junk email folders.

Note: The provisions of this job announcement do not constitute an expressed or implied contract. Any provision contained herein may be modified and/or revoked without notice.