SENIOR CREDIT RISK ANALYST

BU Global Energy Management London a month ago

About US (GEM)

Global Energy Management (GEM) is one of ENGIE’s Business Units. As a global energy player in electricity, natural gas and energy services, we provide energy management solutions and services to our worldwide-based clients through an expertise built on more than 20 years managing the world’s largest and most diverse portfolios including power, gas, environmental and certificate products.


OUR EXPERTISE
KEY FIGURES

Energy supply & global commodities
92% client satisfaction (2019 client survey)

Market access & risk management
16 offices around the world

Energy transition services
40+ nationalities

Asset management
20+ spoken languages


With 8 main spots and 1,400 employees, we cover the full energy mix, serving an 800-strong client base across the value chain Global Energy Management has created an inclusive and flexible work environment where you will find dedicated and enthusiastic people passionate about the transition towards carbon-neutrality.

At GEM we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.

At GEM, we value Collaboration & Care, Learning & Growth, Client Culture, Accountability & Trust, Leadership & Congruity.

If you share our values and want to take ACTion to energize a sustainable world, then we want to hear from you!

More info on GEM Hub or LinkedIn

YOUR contribution

Context


Role

To deliver a strategic approach to credit management across all areas of ENGIE’s UK business activities; to maintain an appropriate UK-wide credit risk framework; and to manage resultant credit arrangements at acceptable and appropriate levels, in order to minimise any financial losses that may arise as a result of credit exposures to third parties.
The candidate’s primary responsibilities are: the management of the credit framework for the UK business; credit analysis of existing and potential counterparties in the wholesale and retail portfolios; and supporting business development opportunities throughout the UK through the credit assessment of potential customers and the provision of timely feedback on creditworthiness and the potential risk of credit losses.

Key missions

  • Manage and maintain a GEM UK Credit Policy that is consistent with UK business and ENGIE Group requirements.
  • Develop credit management tools for the UK business, including development of appropriate credit risk metrics and key performance indicators.
  • Analyse and monitor the business and financial positions of existing and potential counterparties in order to ensure appropriate understanding of counterparty risks relating to ENGIE’s activities in the UK and to approve/recommend appropriate credit and trading arrangements in line with agreed delegated levels of authority.
  • Determine and agree with relevant internal and external stakeholders appropriate and ongoing credit limits, mitigation and credit support (both provided and received) and trading arrangements.
  • Act as the primary point of contact across all areas of ENGIE activity within the UK in order to ensure that a consistent and appropriate balance is maintained between commercial objectives and good credit management.
  • Negotiate contractual credit terms and credit support documents with counterparties including master trading agreements, credit support annexes and parent company guarantees.
  • Communicate and provide management reports on credit risk and credit support to appropriate internal and Group stakeholders on a timely basis, explaining and defending credit views at Local Risk Committees and providing credit risk recommendations/opinions to Commitment Committees.
  • In addition to the credit risk responsibilities and duties identified above, the role will also include Know-Your-Counterparty and Anti-Money-Laundering (KYC/AML) analysis, as part of the portfolio monitoring and counterparty onboarding process. The Senior Credit Analyst will support the Senior KYC/AML Officer in performing the required due diligence for low/medium risk counterparties. Key accountabilities will include:
    • Collecting documentation required by KYC/AML regulations;
    • Analysing the status of counterparties and the potential level of risk, and carrying out reviews in accordance with Group KYC procedures;
    • Analysing the balance between the client’s profile and any proposed transaction/business;
    • Monitoring compliance with ENGIE’s Embargo Policy and Corporate Social Responsibility Policy; and
    • Working closely with ENGIE’s Global Energy Management Compliance team to review any suspicious or potentially non compliant transactions (e.g. cross border transactions with link to BREXIT)
Outcome, Results and Key Performance Indicators:
  • UK Credit Policy to be maintained that is compliant with global Group credit policy and procedures.
  • Credit appraisals, portfolio monitoring and credit support arrangements to be managed in accordance with credit risk policies and procedures.
  • Credit exposures to be monitored, reviewed and reported against approved limits.
  • Optimise credit support received and issued including parent company guarantees, letters of credit and margining. Monitor credit support utilisation to ensure that the business’s working capital and cash position is optimised.
  • Develop and maintain good working relationships with existing and potential counterparties including representing ENGIE at external meetings, networking events and conferences, including taking a leading role in meetings with credit insurers and brokers to ensure appropriate credit insurance coverage for ENGIE’s UK energy supply power and gas supply business.

Qualifications

About YOU
Hard skills
  • Significant experience of credit assessment and management in a relevant working environment.
  • Demonstrable track record in corporate risk analysis, including balance sheet, P&L and cash flow trends.
  • Had exposure to working in a trading environment, ideally within an energy trading company, energy supply company or oil major.
  • Commercial experience in relation to legal and contractual documentation is desirable.
  • Experience in a role requiring the building and maintenance of relationships across a range of roles and seniority levels at both internal and external levels.
  • Experience of working in a team.
  • Degree level (or equivalent) in an analytically focussed discipline.
  • Exposure to Trading/Finance/Risk Management for at least four years.

Soft skills

  • Ability to undertake duties without direct supervision and to assist others as appropriate.
  • Ability to use initiative and identify potential improvements to streamline and improve day-to-day work processes.
  • Willingness and ability to participate in internal projects, working closely with the trading, legal and finance teams to enable the UK business to face ongoing market changes.
  • Highly motivated with good attention to detail and results-focussed.
  • Empowers other team members to achieve results.
  • Ownership & diligence: takes ownership and accountability for delivery of business goals and ensures that work is completed and delivered to agreed timescales.
  • Commitment to customer and stakeholder satisfaction.
  • Ability to work independently and to cope with pressure and responsibility.

Education and professional background

The job holder will have:
  • Strong technical credit analysis, credit support and legal knowledge with associated risk assessment and research skills.
  • Excellent communication and negotiation skills - both verbal and written.
  • Strong and effective planning and organisational skills and ability to manage multiple assignments concurrently.
  • Good report writing skills combined with commercial acumen and the ability to analyse a problem and explain the results to senior management.
  • Clear articulation and communication of credit decisions with an ability to justify such if challenged (whether by Front Office or Senior Management) with sound reasoning.

Ability to meet deadlines and to work under pressure.



About ENGIE

Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. With our 170,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.

Job

: Audit / Risks / Consulting

Primary Location

: Europe-England-London-Canary Wharf

Organization

: Global Energy Management

Schedule

: Full-time

Nature of Responsibility

: Manager / Expert

Job Posting

: May 14, 2021, 9:57:38 AM

Job Type

: Permanent