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- Tasks: Assess creditworthiness, negotiate contracts, and monitor financial health of counterparties.
- Company: ENGIE, a global leader in energy transition with a collaborative culture.
- Benefits: Flexible work environment, competitive salary, and opportunities for innovation.
- Why this job: Join a dynamic team shaping the future of energy with impactful projects.
- Qualifications: 5-7 years in Credit Risk, strong analytical skills, and knowledge of energy markets.
- Other info: Great career growth potential in a fast-paced, supportive environment.
The predicted salary is between 54000 - 84000 £ per year.
ENGIE is a global energy company, a leading provider of electricity, natural gas, and energy services. With 75,000 employees in more than 70 countries worldwide, ENGIE achieved revenue of €73.8 billion in 2024. ENGIE is committed to being a leader in the energy transition. We are looking for talented and motivated people to create the future of energy. Join a rewarding and flexible work environment that encourages innovation and creativity and help us meet the energy challenges of today and tomorrow.
The Supply & Energy Management (S&EM) Group Business Unit is the fully integrated trading arm of the ENGIE Group. S&EM teams manage a large and highly diversified energy portfolio, including electricity, natural gas, biomass, LNG and other fuels, CO2 and environmental products, and provide a range of trading risk management solutions to all types of market participants in Europe, Asia and in the US. S&EM manages the B2B and B2C supply business within ENGIE, including supply contracts and Power Purchase Agreements. Within the S&EM Group Business Unit, Business Platform (BP) LNG & Biomass - established in 2018 - is a pivotal hub for ENGIE as it looks for opportunities to develop LNG, gas and biomass activities globally.
The Credit Risk team assesses the creditworthiness of counterparties, participates in the negotiation of commercial contracts, and calibrates credit limits. Assessment is done through an analysis of the country, sector, industry, and counterparty, using financials and other quantitative and qualitative public and private information. Counterparties are frequently private and unrated by agencies. Contract negotiation includes physical energy commodities agreements, and credit terms can include credit-specific clauses, financial covenants, collateral, and payment terms. After signing off on a contract, the Credit Risk team monitors exposure against credit limits. The credit health and financial condition of counterparties is also continuously monitored.
As a Senior Credit Risk Analyst for Global LNG & Biomass business, you will report to the Head of Credit for LNG & Biomass and will be based in London. You will collaborate to the fulfilment of department missions and may be involved in projects spanning multiple groups across commercial functions and staff.
Duties:
- Assess creditworthiness of counterparties, assign ratings, and set limits
- Present files and credit requests to regular Credit Risk Committees
- Participate in counterparty relationship development with Front Office and attend meetings with counterparties together with Front Office
- Negotiate and recommend credit, collateral, and payment terms in contracts in conjunction with Legal and Front Office, such as in physical master agreements
- Monitor credit risk indicators, exposures, limits, and utilisation for a portfolio of counterparties
- Proactively respond to Front Office queries on term sheets and about exposure of potential trades and whether trades fit limits
- Monitor news and credit events impacting portfolio of counterparties
- Understand risk calculation methodology, such as PFE and credit VaR
- Participate in cross-functional projects, as and when needed
- Assist Head of Credit and CRO in ad-hoc projects related to credit risk mandate and policy updates for LNG and Biomass
Qualifications:
- 5-7 years of relevant experience in Credit Risk positions, including handling waterborne physical trade
- Significant history of producing detailed credit files and assigning internal ratings and limits
- Bachelor's degree in Corporate Finance, Accounting, Economics, or equivalent
- Familiar with energy commodities markets, products, counterparties, and waterborne physical trade cycle
- Good knowledge of credit support instruments (including SBLCs, and able to review formats)
- Strong attention to detail and analytical skills (including performing financial statements analysis) and able to articulate position well
- Excellent communication skills in English
- Knowledge of physical commodity master agreements
- Ability to work under pressure, self-organise and prioritise tasks, and proactively respond to urgent requests from Front Office in a high-pressure work environment. Independent, and a strong team player
Bonus criteria:
- Structured credit experience on long-term transactions a plus
- Experience at a bank or ratings agency also a plus
- Derivatives knowledge and background
- Familiar with credit exposure modelling methodology and Basel counterparty credit risk standards
Senior Credit Risk Analyst in London employer: ENGIE UK
Contact Detail:
ENGIE UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Credit Risk Analyst in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We want to show that we’re not just a good fit for the role, but also for the team. Tailor your answers to reflect how your experience aligns with their values and goals.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online platforms. We need to be confident and articulate when discussing our skills and experiences, especially in high-pressure situations like credit risk analysis.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way. It shows our enthusiasm for the position and keeps us fresh in their minds. Plus, it’s a great chance to reiterate why we’re the best fit!
We think you need these skills to ace Senior Credit Risk Analyst in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Credit Risk Analyst role. Highlight your relevant experience in credit risk, especially any work with waterborne physical trade. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the energy sector and how your background makes you a great fit for our team. Don't forget to mention specific projects or achievements that relate to the job description.
Showcase Your Analytical Skills: Since this role requires strong analytical skills, be sure to include examples of how you've successfully analysed financial statements or assessed creditworthiness in your previous roles. We love seeing those details that demonstrate your expertise!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you'll be able to keep track of your application status. Plus, we love seeing candidates who take the initiative to connect directly with us!
How to prepare for a job interview at ENGIE UK
✨Know Your Numbers
As a Senior Credit Risk Analyst, you'll need to be comfortable with financial statements and credit metrics. Brush up on your analytical skills and be ready to discuss how you assess creditworthiness using quantitative data. Prepare examples of past analyses you've conducted and the impact they had on decision-making.
✨Understand the Energy Market
Familiarity with energy commodities markets is crucial for this role. Make sure you research current trends in LNG, biomass, and other relevant sectors. Being able to discuss recent developments or news affecting these markets will show your genuine interest and understanding of the industry.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that test your problem-solving skills under pressure. Think about how you would handle specific situations related to credit risk management, such as negotiating terms or responding to sudden market changes. Practising these scenarios can help you articulate your thought process clearly.
✨Showcase Your Communication Skills
Excellent communication is key in this role, especially when collaborating with the Front Office and presenting to Credit Risk Committees. Prepare to demonstrate how you've effectively communicated complex information in the past. Consider sharing examples where your communication made a significant difference in negotiations or stakeholder relationships.
