Credit Risk Analyst (FTC)

TN United Kingdom; London; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a detail-oriented Credit Risk Analyst to support its dynamic Credit team. This role involves analyzing and monitoring counterpart credit risk across a diverse energy portfolio, ensuring compliance with credit policies, and managing essential documentation. The ideal candidate will possess excellent financial analysis skills and a strong understanding of credit risk management. With a collaborative team environment and hybrid working arrangements, this position offers a rewarding opportunity to contribute to the management of credit risks in a fast-paced trading environment.

Qualifications

• 2 years of experience in credit or financial analysis in commodity trading.
• Excellent financial analysis skills are essential for this role.

Responsibilities

• Support the credit team in risk management and analysis.
• Manage daily credit reporting and ensure data integrity.

Skills

Financial Analysis

Credit Risk Management

Analytical Skills

Communication Skills

Problem Solving

Education

Degree in Finance

Degree in Accounting

Degree in Business

Tools

MS Excel

MS Word

MS PowerPoint

S&P Capital IQ

CubeLogic

Job description

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The Credit Risk department is part of the risk management function within EDF Trading. The Credit team are responsible for the management of all aspects of the credit risk life-cycle including; researching and analysing trading counterparts, understanding of credit exposure generated by new transactions, negotiating and structuring credit support arrangements, structuring exposure reduction transactions, monitoring and reporting of credit exposures and events.

Managing credit risks within EDFT is varied, challenging and rewarding. Physical and financial activity in multi- commodities provides a diverse counterpart and transaction portfolio.

The Credit department is a team-based environment that values interaction and exchange of ideas and techniques. The flat team structure supports access to all levels of management across the organisation to ensure that analysis and decisions are comprehensive and complete.

Position purpose

To support the credit team in its risk management functions, to analyse and monitor counterparty credit risk across a diverse energy portfolio and mitigate potential financial losses due to counterparties default.

The role includes administrative tasks and will be involved in operational responsibilities that include credit support document management, reporting, late payments escalation and credit system data recording and maintenance.

Main Responsibilities

• Reports Directly to Credit Manager and will assist with the day to day management of energy portfolio and provide administration support to the Credit Team;
• Write full credit analysis to recommend credit ratings, limits and contractual terms;
• Ensure full adherence to EDFT and EDF group integrity checks policy;
• Ensure counterparts are in compliance with groups Credit Policy and Set Credit Limits;
• Monitor daily excess positions and late settlement payments;
• Manage daily, weekly and monthly credit reporting;
• Maintain the credit system updated and ensure integrity and accuracy of data.
• Deal with Energy documentation (this includes Industry standard GTCs, EFET Master Agreements, ISDA and many other bespoke agreements) and credit support documents (this includes Letters of Credit and Parent Company Guarantees).

Experience required

• 2-year experience in a credit or financial analyst role gained within a commodity trading environment or financial institution;
• Professional experience on contractual and credit documents will be an advantage (e.g. Letters of Credit)
• Professional experience on energy products traded by EDFT will be an advantage (power, gas, green certificates, oil, LPG, Bio-Ethanol)

Technical requirements

• Educated to degree level (Finance, Accounting, Business) or equivalent professional qualification
• Excellent financial analysis skills is paramount for this role
• Fluency in English – both written and verbal with ability to provide concise and clear synthesis
• Proficiency with MS software (Excel, Word, PowerPoint)
• Previous experience with S&P Capital IQ platform or CubeLogic credit system will be an advantage

Person specification

• Developed passion and interest for credit risk management
• Excellent analytical skills and attention to details.
• Organized and accountable, capable to work within strict deadlines and policies
• Proactive approach to work and problem-solving attitude
• Excellent written and verbal communication skills, capable to summarise and deliver simple presentations on complex and technical structures
• Open and confident team player. Highly motivated, enthusiastic and able to support a teamwork environment.
• Able to interact with a variety of EDFT functions including Front Office, Legal, Back Office, Market Risk and P&L Control.

Hours of work:

8.30am – 5.30pm, Monday to Friday with Hybrid Working arrangements.