Credit Analyst

INEOS Energy; Greater London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A leading energy company in the UK is seeking a skilled Credit Analyst to join their dedicated Credit Risk Management team. The role requires a minimum of 3 years of experience in credit analysis, particularly in the commodity trading sector, with an emphasis on Structured Trade Finance. Responsibilities include conducting creditworthiness analysis, preparing risk reports, and collaborating with various teams to manage credit risk effectively. The candidate should possess a relevant bachelor's degree and strong analytical skills, along with excellent communication abilities.

Qualifications

• 3+ years of experience in credit analysis ideally within the commodity trading sector.
• Experience or strong interest in Structured Trade Finance.

Responsibilities

• Conduct in-depth creditworthiness analysis of existing and new counterparties.
• Prepare regular credit risk reports and updates for traders, senior management, and stakeholders.
• Proactively collaborate with trading desks and other teams to manage credit risk.

Skills

Credit analysis

Analytical skills

Communication

Attention to detail

Financial modeling

Education

Bachelor’s degree in Maths, Finance, Economics, Accounting or related field

Master’s degree or professional qualifications (e.g., CFA, FRM)

Tools

Financial modeling software

Risk management software

Job description

INEOS Energy is the energy division of INEOS. We produce and trade oil, gas, power, liquefied natural gas (LNG) and carbon credits. Operating across the Danish and UK North Sea with offshore oil and gas assets, onshore assets in South Texas, US and a recently acquired portfolio in the deepwater of the Gulf of America. This is supported by our investments and projects in low carbon technologies, which will help sustain our business through the energy transition. Direct examples of these areas are ‘Project Greensand’, our pioneering carbon storage project in the Danish North Sea and our investment in HydrogenOne Capital.

We are seeking a highly skilled and motivated Credit Analyst to establish and build out a dedicated Credit Risk Management team. The ideal candidate will have experience in credit analysis within the commodity trading sector, with a specific interest and/or experience in Structured Trade Finance (STF). This role is crucial in ensuring the company's credit exposure is effectively managed and aligned with our risk appetite, supporting the growth of our trading activities.

Key Responsibilities:

• Conduct in-depth creditworthiness analysis of existing and new counterparties and recommend appropriate credit support and limits. Review and challenge analysis produced by trade benches and support functions.
• Monitor and review existing credit exposures and business performance, identifying potential risks and recommending mitigations as required.
• Due diligence – conduct comprehensive counterparty review and analysis to identify key risks, incl. preparation of Due Diligence topics and question list and arranging in person Due Diligence meetings with counterparties
• Work-out Management – Where the credit risk has increased to unacceptable levels or covenants have been breached, oversee the termination of the contract, work-out management and the recovery of bad debts/losses where appropriate.
• Own and develop the Credit Policy for the group and ensure compliance

Reporting and Compliance:

• Prepare regular credit risk reports and updates for traders, senior management and stakeholders.
• Ensure compliance with internal credit policies, regulatory requirements, and industry best practices.
• Maintain accurate and up-to-date records of credit assessments and decisions.

Collaboration and Communication:

• Proactively collaborate with trading desks, business development, finance, legal, and operations teams to ensure credit risk is appropriately managed across all transactions.
• Present credit analysis and recommendations to stakeholders as necessary
• Liaise with banks, insurers, and other financial institutions to facilitate the implementation of credit risk management solutions.

Structured Trade Finance:

• Support on the assessment, deployment and management of structured trade finance transactions, including Letters of Credit (LCs), Documentary Collections, and Receivables Financing to mitigate risks and potential losses while ensuring alignment with credit policies and risk tolerance.
• Work closely with stakeholders Trade Finance team to evaluate and optimize the risk/return profile of trade finance deals.

Qualifications and Skills:

Education:

• Bachelor’s degree in Maths, Finance, Economics, Accounting, or a related field. A Master’s degree or professional qualifications (e.g., CFA, FRM) is a plus.

Experience:

• 3+ years of experience in credit analysis ideally within the commodity trading sector.
• Experience or strong interest in Structured Trade Finance, including an understanding of trade finance instruments and risk mitigation techniques.

Technical Skills:

• In-depth knowledge of credit analysis
• Knowledge of credit management and mitigations tools eg. margining, LCs, PCGs, security, insurance
• Understands the General Trading Terms (MNA, NBP, EFET, GT&Cs, ISDA/CSA etc)
• Understanding of the energy and crude markets
• Cash flow forecasting and ability to sense check modelling
• Proficiency in financial modeling, credit analysis tools (such as PFE, cVaR, stress testing), and risk management software.
• Good understanding of financial statements, ratios, and concepts
• Strong analytical skills with the ability to interpret complex financial data and make sound recommendations.

Behavioural Skills:

• Excellent communication and interpersonal skills, with the ability to work effectively in a fast-paced, dynamic environment.
• Strong attention to detail, with a high level of accuracy in work output.
• Ability to work independently and as part of a team, with a proactive and solution-oriented mindset.

Notice To Third Party Agencies:

INEOS does not accept unsolicited CVs from recruiters, employment agencies, or other staffing services. Unsolicited CVs include any resume or hiring document sent to INEOS in the absence of a signed Service Agreement where INEOS has expressly requested recruitment/staffing services specific to the position at hand. Any unsolicited CVs, including those submitted to hiring managers or other business leaders, will become the property of INEOS and INEOS will have the right to hire that candidate without reservation - no fee or other compensation will be owed or paid to the recruiter, employment agency, or other staffing service.