The Bonneville Power Administration is a nonprofit federal power marketing administration based in the Pacific Northwest. Although BPA is part of the U.S. Department of Energy, it is self-funding and covers its costs by selling its products and services. This position is located in the Transacting, Credit, Insurance Risk Management (TCRM) organization of the Office of the Chief Risk Officer. The TCRM organization is responsible for implementing a rigorous and coordinated approach to addressing the market, financial, and operational risks associated with BPA’s commercial transaction activity. This includes developing and maintaining models quantifying financial risk, evaluating and mitigating counterparty credit risk, and administering monitoring and reporting systems to ensure compliance with policy requirements and risk limits consistent with established tolerance levels.
The intern selected for this position will work with our Credit Risk Analysts to assess, monitor and evaluate the financial condition of BPA’s commercial transaction customers. This includes BPA power, transmission and supply chain customers and will primarily entail reviewing and evaluating company financial statements and producing and reviewing BPA management reports for ongoing credit monitoring. The intern will have the opportunity to learn how to review company financial statements, identify and weigh various financial ratios, and analyze company information to make a determination and recommendation of a company’s credit rating. They will be able to learn how the major rating agencies, such as Standard and Poor’s, Moody’s and Fitch, review and rate public companies. They will also have exposure to basic wholesale power and transmission trading instruments.
The mentor seeks to work with driven, self-motivated students that are curious, and enjoy the process of collaboration with others but can also work on their own. By the end of the summer the selected intern can expect to come away with greater knowledge and familiarity with financial statements, such as Cash Flow, Income, and Balance Sheet, and how that information can be used to determine the financial health of a company.
We strongly encourage students to apply who are from one or more systemically and historically excluded group, including but not limited to, non-cis-gendered students, girls, BIPOC, first-generation college bound students, low-income/low-resourced students, students with disabilities, who are neurodivergent, and those who speak a primary language other than English.
This internship will be hybrid, with both virtual and in-person components, as permitted by Federal/State/Local/BPA guidelines. To reduce the risks of coronavirus exposure, mentors and interns will act in accordance with applicable COVID guidelines and procedures. Selected applicants will be required to review and sign a waiver agreement.
If you have any questions about the application, website technical issues and/or this position description, please contact Saturday Academy at ase@saturdayacademy.org. Do not contact the mentor directly. Contacting the mentor directly is grounds for disqualification of your ASE application.