Thomas Marino attends SUNY University at Buffalo, pursuing his degree in Finance. He currently works in the Treasury Department at the White Plains Office.
My internship at the New York Power Authority has been a valuable learning experience. I have had the opportunity to work with the Treasury Department, which has exposed me to various aspects of the Energy industry’s financials.
I have worked alongside the Senior Investment Analyst to assist in managing the Authority’s fixed-income investment portfolio with the objectives of preserving principal, meeting cash flow requirements, and maximizing return within the constraints of liquidity and risk parameters. I’ve also gained exposure to valuable financial tools, such as Bloomberg, which is utilized when purchasing and selling authorized securities, to price counterparty collateral, to evaluate counterparty and securities credit ratings, and to monitor market news and economic data.
The Treasury Department currently has three active RFP’s outstanding. I supported the Treasurer in looking for potential underwriters for future bond deals; I was responsible for reviewing proposals and coordinating the review process between Treasury, Procurement, and the Authority’s Financial Advisor. Additionally, I have assisted the Deputy Treasurer with the 2 fixed income investment manager RFP’s associated with the Other Post-Employment Benefit Trust and the Nuclear Decommissioning Trust.
In accordance with the Authority’s Energy Commodity and Credit Risk Management procedures, all counterparty statements need to be verified. I am responsible for the verification process and for sending out notifications with regards to the counterparties who settle transactions via the CME (Chicago Mercantile Exchange).
I appreciate the exposure my internship has given me to date and look forward to continued learnings over the remainder of the summer.