SENIOR CREDIT RISK ANALYST – BP LNG & Biomass  / London

WHO WE ARE 

ENGIE is a global energy company, a leading provider of electricity, natural gas, and energy services. With 75000 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. 

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 fulfillment 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 utilization 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 adhoc projects related to credit risk mandate and policy updates for LNG and Biomass 

Requirements: 

• 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 

• Minimum: a 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-organize and prioritize 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 modeling methodology and Basel counterparty credit risk standards 

• Bonus languages: Chinese, French