Our client is a very successful Global Energy Trading company with access to all key markets worldwide…
You will be part of the Credit function which is responsible for all aspects of credit risk management including pre-deal counterparty assessments, counterparty KYC and sanctions checking, contractual and credit support negotiations, portfolio credit exposure management (including mitigation), default probability assessments, and credit risk capital assessments. The Credit Analyst will report directly to the Credit Risk Manager in London.
KEY ROLE RESPONSIBILITIES:
As part of the Credit & KYC team, the Credit Analyst will be responsible for:
- Assessing and analysing new and existing counterparties – writing full credit analyses to identify risks and recommend credit ratings, limits, credit structure and contractual terms to the Credit Risk Manager, Head of Credit and/or Executive Management.
- Modelling plain-vanilla potential credit exposure of new and existing transactions.
- Helping KYC Analysts in completing KYC and AML checks and ensure adherence to the company’s Compliance Policy.
- Managing relationship with Front Office (originators & traders) and ensure commercial and credit risk interests are understood and reconciled.
- Monitoring, understanding, managing and reporting counterparty credit exposures (individual and portfolio) on daily basis to ensure trading activity remains within approved limits.
- Negotiating credit terms and covenants in commodity trading agreement (long-form contracts, MSPA, SCoTA, ISDA…) as well as credit supports (letters of credit, parent company guarantee, insurances…) directly with counterparties, guarantors, banks… in collaboration with the company’s Legal and Front Office teams;
- Regularly reviewing dedicated markets and sectors to identify events that could impact the credit portfolio and identify actions to mitigate risks;
- Computing and reporting key credit risk indicators (credit reserves, credit risk capital…) to Head of Credit, Executive Management and shareholders on a monthly basis;
- Maintaining the credit system updated and ensuring integrity and accuracy of data;
- Contributing to the development of new policies, quantitative credit risk frameworks and IT tools.
KEY QUALIFICATIONS AND EXPERIENCE:
Qualifications:
- Around 3-5 years of experience in a credit analyst position gained within a commodities trading environment or financial institution, or a similar level of experience;
- Professional experience on energy products, particularly Coal, Drybulk freight, LNG and/or LNG freight, will be a strong advantage;
- Professional experience in negotiating contractual and credit documentations will be a strong advantage;
Technical:
- Educated to degree level or equivalent professional qualification;
- Excellent financial, qualitative and credit analysis skills;
- Good negotiation skills and understanding of contractual framework;
- Knowledge of Coal, LNG and Freight products;
- Understanding of KYC and AML processes and requirements is a plus;
- Fluency in English – both written and verbal compulsory;
- Fluency in another language will be a strong advantage;
- Understanding of CubeLogic system and Excel pivot is a plus;
- Understanding of S&P IQ capital is a plus;
- Basic understanding of Python and Power BI is a plus.
Candidate:
- Organised and accountable
- Capable to work autonomously is important but also to function as part of a team;
- Able to work within strict deadlines and within policies;
- Confident personality with the ability to communicate and write effectively as well as interact with a variety of business functions and external counterparts;
- Attention to detail and the ability to work logically, consistently, and accurately;
- Computer literate, numerate, and comfortable handling varied and complex data sets;
- Willing and being able to work staggered hours at times to support business needs.
