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 and Credit 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 our Credit Risk Analysts to assess, monitor and evaluate the financial condition BPA’s commercial transaction customers including BPA power, transmission and supply chain. Evaluations involve reviewing and evaluating company financial statements and producing BPA management reports for ongoing credit monitoring. The intern will have the opportunity to learn how to review company financial statements identify and weight various financial ratios, and analyze company information to make a determination and recommendation of a company’s credit rating. The candidate will also 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. It is expected that the student will 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. Students with diverse backgrounds are encouraged to apply.