Sr Analyst, Credit Risk

AES Corporation; Houston (TX); On-site; USD 110,000 - 140,000; Full time

Job summary

AES Corporation is seeking a Senior Credit Risk Analyst in Houston to evaluate and manage credit risk across PPAs, EPC contracts, and energy trading activities. You will assess counterparty exposure, monitor collateral, and develop reporting tools for informed decisions.

The role requires 3–5 years in energy credit risk, strong financial analysis, and proficiency with Power BI and data analytics. Collaboration with multiple teams is essential to strengthen risk controls.

Qualifications

• Bachelor's degree in finance, accounting, or related field.
• 3–5 years energy credit risk experience.
• Strong financial statement analysis and underwriting skills.
• Experience evaluating PPAs, EPC contracts, and supply chain counterparties.
• Knowledge of PFE methodologies and collateral management.
• Familiarity with Power BI and ETM systems such as Allegro.

Responsibilities

• Perform credit risk analysis of counterparties supporting PPAs, EPC contracts, supply chain vendors, and energy trading activities.
• Evaluate financial statements, establish credit limits, and recommend credit enhancements.
• Prepare credit memoranda and present recommendations to management and Credit Committee.
• Monitor ongoing financial condition of counterparties and identify emerging credit risks.
• Develop, automate, and maintain credit risk dashboards and analytics using Power BI.
• Analyze portfolio concentrations, exposure trends, and risk metrics to support decisions.
• Collaborate with Commercial, Trading, Treasury, Legal, Supply Chain to structure transactions and manage risk.
• Support improvements of credit policies, processes, reporting, and data governance.

Skills

Credit risk analysis

Financial statement analysis

Credit underwriting

PFE methodologies

Cross-functional collaboration

Education

Bachelor's degree in finance/accounting

Tools

Power BI

SQL/Power Query

Allegro (ETRM)

Job description

Are you ready to be part of a companythat'snot just talking about the future, but actively shaping it? Join The AES Corporation, the largest US-based global power company witha teamof 8,300employees across 12 countries. AES has beenranked #1 byBloombergNEFin renewable energy sales to corporations in the US and Americas for five consecutive years, providing electricityformillions of peopleworldwide. We are proud to foster a strong workplace culture, earning prominent positions in Great Place to Work rankings across the markets where weoperate. AES was also named one of the World's Most Ethical Companies for the 13th consecutive year in 2026, highlighting our dedication to integrity, transparency, and responsible business practices.

Our spirit of innovation continues to earn industry recognition. AES is the only seven-time winner of the Edison Electric Institute's Edison Awards in the twenty-first century, a distinction honoringglobal leadership in advancing the electric power industry. Ifyou'reready to be part of a companythat'snot just adapting to change, but driving it, AES is the place for you.We'renot just building a more sustainable future,we'repowering it.

The Risk Management team is seeking a Senior Credit Risk Analyst to join the group, reporting to the Senior Manager of Credit Risk. The Analyst will be responsible for evaluating and managing credit risk across the company's commercial activities, including long-term power purchase agreements (PPAs), engineering, procurement and construction (EPC) contracts, supply chain counterparties, and energy trading activities. The role supports prudent risk management by performing financial and quantitative credit analysis, assessing counterparty exposure, monitoring collateral, and developing reporting and analytical tools that enable informed business decisions.

This position works closely with Commercial, Origination, Trading, Treasury, Legal, Supply Chain, and Project Development teams to ensure that credit risks are appropriately identified, quantified, monitored, and mitigated.

Key Responsibilities

• Perform credit risk analysis of counterparties supporting Power Purchase Agreements (PPAs), EPC contracts, supply chain vendors, and energy trading activities.

• Evaluate financial statements, establish credit limits, and recommend appropriate credit enhancements, including guarantees, letters of credit, and other risk mitigation measures.

• Prepare credit memoranda and present recommendations to management and Credit Committee.

• Monitor the ongoing financial condition of counterparties and identify emerging credit risks.

• Calculate and monitor Potential Future Exposure (PFE), credit limit utilization, and counterparty exposure for commodity trading activities.

• Forecast collateral requirements and liquidity needs while administering collateral in accordance with contractual agreements.

• Develop, automate, and maintain credit risk dashboards, reporting, and analytics using Power BI and other business intelligence tools.

• Analyze portfolio concentrations, exposure trends, and key risk metrics to support informed business decisions.

• Partner with Commercial, Trading, Treasury, Legal, Supply Chain, and Project Development teams to structure transactions and manage credit risk.

• Support continuous improvement of credit policies, processes, reporting, and data governance while ensuring compliance with internal risk management standards.

Qualifications:

• Bachelor's degree in finance, accounting, or other business-related fields

• At least 3-5 years' experience in energy credit risk

• Strong financial statement analysis and credit underwriting skills

• Experience evaluating long-term commercial agreements, including PPAs, EPC contracts, and supply chain counterparties.

• Understanding of commodity trading exposure and Potential Future Exposure (PFE) methodologies.

• Knowledge of collateral management processes and credit support agreements.

• Familiarity with Energy Trading Risk Management (ETRM) systems such as Allegro.

• Experience developing interactive dashboards and reports using Power BI.

• Working knowledge of SQL, Power Query, or other data analytics tools is preferred.

• Strong analytical, quantitative, and problem-solving capabilities.

AES is an Equal Opportunity Employer who is committed to building strength and delivering long-term sustainability through diversity and inclusion. Respecting all backgrounds, differences and perspectives enables us to improve the lives of our people, customers, suppliers, contractors, and the communities in which we live and work. All qualified applicants will receive consideration for employment without regard to sex, sexual orientation, gender, gender identity and/or expression, race, national origin, ethnicity, age, religion, marital status, physical or mental disability, pregnancy, childbirth, or related medical condition, military or veteran status, or any other characteristic protected under applicable law. E-Verify Notice: AES will provide the Social Security Administration (SSA) and if necessary, the Department of Homeland Security (DHS) with information from each new employee's I-9 to confirm work authorization.