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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: Exciting career growth opportunities in a fast-paced, high-pressure environment.
The predicted salary is between 48000 - 72000 £ 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.
What will be your role
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.
Description
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 employer: ENGIE UK
Contact Detail:
ENGIE UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Credit Risk Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working at ENGIE or similar companies. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of credit risk and energy markets. We recommend practising common interview questions and scenarios related to credit assessments and contract negotiations.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss how you've handled credit files and assigned ratings in the past. Use specific examples to demonstrate your expertise and attention to detail.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team at ENGIE.
We think you need these skills to ace Senior Credit Risk Analyst
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 energy commodities or physical trade. We want to see how your background aligns with what we do at ENGIE!
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 skills can contribute to our mission. Be sure to mention specific projects or experiences that relate to the role.
Showcase Your Analytical Skills: As a Credit Risk Analyst, strong analytical skills are key. In your application, provide examples of how you've successfully assessed creditworthiness or managed risk in previous roles. We love seeing those numbers and results!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team at ENGIE!
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 analysis. Brush up on your skills in assessing creditworthiness and understanding financial statements. Be ready to discuss specific examples of how you've evaluated counterparties in the past.
✨Understand the Energy Market
Familiarise yourself with the energy commodities market, especially LNG and biomass. Research recent trends and news that could impact credit risk. This will show your genuine interest in the role and help you engage in meaningful discussions during the interview.
✨Prepare for Scenario Questions
Expect scenario-based questions where you might need to demonstrate your problem-solving skills. Think about how you would handle a counterparty with deteriorating credit health or negotiate terms under pressure. Practising these scenarios can help you articulate your thought process clearly.
✨Showcase Your Team Spirit
ENGIE values collaboration, so be prepared to discuss your experience working in cross-functional teams. Share examples of how you've successfully collaborated with legal and front office teams in the past, and highlight your ability to balance independent work with being a strong team player.
