Credit Risk Analyst

Centrica; Greater London; Hybrid; GBP 65,000 - 90,000; Full time

Job summary

Centrica is seeking a Credit Risk Analyst to protect and enable one of Europe’s leading energy trading businesses. You’ll work with Trading, Risk, Quantitative Analytics, Finance and Legal to shape credit strategy and assess complex transactions.

This role combines credit analysis with exposure to risk modelling, data-driven decision making, and automation initiatives across a global trading organisation, with hybrid working from London and occasional travel.

Qualifications

• Proven experience in Credit Risk within commodity or energy trading.
• Knowledge of energy and commodity markets including power and gas.
• Strong understanding of counterparty credit assessment and risk management principles.
• Familiarity with trading agreements, collateral arrangements and risk mitigation.
• Excellent analytical and problem-solving skills with attention to detail.

Responsibilities

• Conduct detailed financial and counterparty assessments across a trading portfolio.
• Maintain and monitor counterparty credit ratings, limits and risk appetite.
• Monitor current and forward credit exposures across traded products and transactions.
• Provide timely credit risk analysis and recommendations to support commercial decisions.
• Review transaction structures and identify appropriate risk mitigation measures.
• Advise on collateral requirements and contribute to credit provisions in trading agreements.

Skills

Credit Risk

Counterparty assessment

Financial statement analysis

Risk management principles

Energy markets knowledge

Stakeholder communication

Analytical thinking

Attention to detail

Tools

Python

SQL

Job description

Join us, be part of more.

We’re so much more than an energy company. We’re a family of brands revolutionising how we power the planet. We’re energisers. One team of 21,000 colleagues that’s energising a greener, fairer future by creating an energy system that doesn’t rely on fossil fuels, whilst living our powerful commitment to igniting positive change in our communities. Here, you can find more purpose, more passion and more potential. That’s why working here is #MoreThanACareer.We do energy differently – we do it all. We make it, store it, move it, sell it and mend it.

About your team:

At Centrica Energy, our mission is to move it.

We’re energy movers by nature. We’re a global renewable energy trading company which helps move energy from source to use – powering businesses, homes, and societies as they transition to a new sustainable energy future. If the idea of working to create a sustainable energy future also moves you, we may very well be the right place for you.

About your role:

As a Credit Risk Analyst, you’ll play a key role in protecting and enabling one of Europe’s leading energy trading businesses.

Working closely with Trading, Risk, Quantitative Analytics, Finance and Legal teams, you’ll help shape credit strategy, assess complex transactions, manage counterparty risk and contribute to the ongoing digital transformation of Credit Risk.

This is an exciting opportunity to combine strong credit analysis expertise with exposure to innovative risk modelling, data-driven decision making and automation initiatives across a global trading organisation.

Location

Park House, Marble Arch, London (hybrid working with a minimum of 3 days per week in the office). The role also includes occasional travel to other Centrica Energy locations, including Aalborg, Denmark.

What you’ll be doing:

Credit Risk Management

• Conduct detailed financial and counterparty assessments across a portfolio of trading counterparties.
• Maintain and monitor counterparty credit ratings, limits and risk appetite frameworks.
• Monitor current and forward credit exposures across traded products and structured transactions.
• Support commercial decision-making by providing timely credit risk analysis and recommendations.
• Review transaction structures and identify appropriate risk mitigation measures.
• Advise on collateral requirements and contribute to the negotiation of credit provisions within trading agreements.
• Produce and review management information and credit risk reporting.

Driving Innovation and Continuous Improvement

• Partner with Quantitative Risk and Quantitative Analytics teams to support the development of innovative credit risk models and tools.
• Review and challenge model outputs to ensure they remain robust, accurate and commercially relevant.
• Support governance, controls and documentation for credit risk models and associated processes.
• Contribute to the ongoing digitalisation and automation of Credit Risk reporting and decision-making.
• Work closely with technology teams to develop user‑friendly solutions that improve efficiency, transparency and risk oversight.

What we’re looking for:

Essential Skills & Experience

• Proven experience in Credit Risk within commodity trading, energy trading, investment banking or financial markets.
• Knowledge of energy and commodity markets, including power and gas, with exposure to LNG and/or oil markets desirable.
• Strong understanding of counterparty credit assessment, financial statement analysis and risk management principles.
• Knowledge of financial and energy markets and the key risks associated with trading activities.
• Familiarity with trading agreements, collateral arrangements and risk mitigation techniques.
• Strong analytical and problem-solving skills with excellent attention to detail.
• Ability to influence and communicate effectively with stakeholders at all levels.
• Confidence operating within a fast‑paced, commercially focused environment.
• A proactive mindset and passion for continuous improvement.

Desirable

• Experience working with large datasets and analytical tools such as Python and/or SQL.
• Exposure to quantitative credit risk methodologies, including CVA, DVA, PFE or similar frameworks.
• Experience supporting automation, reporting or digital transformation initiatives within a risk function.

Why join Centrica Energy?

This is an opportunity to work at the heart of a global energy trading organisation, supporting complex trading activity across international markets.

You’ll gain exposure to senior stakeholders across Trading, Risk and Finance, while developing your expertise in energy markets, quantitative analytics and innovative risk management practices.

Whether you’re looking to deepen your credit expertise, expand your commercial exposure or help shape the future of Credit Risk through automation and data-driven insights, this role offers significant opportunity for growth and impact.

Why should you apply?

We’re not a perfect place – but we’re a people place. Our priority is supporting all of the different realities our people face. Life is about so much more than work. We get it. That’s why we’ve designed our total rewards to give you the flexibility to choose what you need, when you need it, making sure that you and your family are supported not only financially, but physically and emotionally too. Visit the link below to discover why we’re a great place to work and what being part of more means for you. https://www.morethanacareer.energy/centricaenergy

If you’re full of energy, fired up about sustainability, and ready to craft not only a better tomorrow, but a better you, then come and find your purpose in a team where your voice matters, your growth is non‑negotiable, and your ambitions are our priority.

Help us, help you. We would love for you to share any information about yourself throughout our recruitment process so that we can better understand you and help shape your journey.