Credit Risk Analyst

Job Description

We are Centrica! We’re so much more than an energy company. We’re a family of brands revolutionising a cleaner, greener future. Working here is #MoreThanACareer - we’re powered by purpose. Together we can make an impact that will truly change tomorrow. Whether you’re developing cutting-edge green tech, helping customers on the front line or simplifying operations behind the scenes.

Your work here isn’t just a job – it’s a mission. We all play a vital role in energising a greener, fairer future.

Centrica Energy is the trading arm of Centrica. We trade power, gas, LNG, and energy attributes and connect producers, suppliers and off takers in the wholesale energy markets - and we provide our clients with the best route-to-market services available to the market today with physical and financial settlement approaches. In short, we call ourselves Energy Movers By Nature.

We’re a total of 850+ colleagues from over 50 different nations, located in 8 different offices around the world. At our London office, where this role is located, you’ll be joining our international office with over 300 dedicated energy specialists.

As a Credit Risk Analyst you will ensure that credit risk management is implemented at a state-of-the-art level within Centrica Energy (CE), ensuring the monitoring, control and mitigation of credit risks whilst supporting the development of business strategy.

This is an exciting opportunity for a talented and experienced Credit Risk professional to be part of an organisation that is focused on maximizing profit from trading gas, power, LNG and renewables and also functions as intermediary delivering energy from our Upstream and Power Generation teams on one side and British Gas on the other.

The role is based out of our central London office (close to Marble Arch) with 3 days per week based within the office. There may also be a requirement for occasional international travel to other Centrica Energy offices.

What you’ll be doing:

Core responsibilities will include:

• Financial and counterparty reviews and rating updates of own portfolio of counterparties

• Monitoring and management of current and forward exposures, including reviewing and responding to desk queries on screen trades or for structured transactions and risk mitigation

• Providing credit language for trading agreements and advising collateral requirements within CE risk profile

• The production and review of credit reporting whilst at the same time working alongside the rest of the team in supporting the Digitalisation plans for Credit Risk, aimed at moving to fully automated and digitalised reporting.

Additional responsibilities will include:

• Interface with the Quantitative Risk and Quantitative Analytics team to ensure that they obtain proper credit-related data to develop innovative credit models

• Monitoring and management of the meaningfulness of TQR and QA models’ outputs from a credit risk perspective

• Providing controls and documentation to ensure that models built, and their outputs are documented, regularly checked and that no system data failure occurs

• The production of resulting reports or credit interfaces, in cooperation with the IT department, in a user-friendly, simple and understandable way for the credit risk analysts to use.

We have a few must-haves:

• Experience in and knowledge of credit risk management within commodities or financial markets & products

• Knowledge of financial concepts (financial analysis and financial/energy markets) and credit risk

• Awareness of risk issues and the energy markets’ context

• Familiarity with legal and trading documentation

• Working knowledge of Python, SQL and/or experience in working with large databases, helping drive IT and Quants deliverables for Credit. Example of projects might include extension of framework for CvaR, CVA/DVA, PFE (linear and non-linear) LNG and PPAs improvement reporting, Pre-deal checker (to include all areas of the business), Credit charging automation, etc.

• Ability and willingness to develop credit risk, risk and finance and systems knowledge as part of the role

• Ability to interact with internal and external stakeholders of all levels and present conclusions in a clear and organised manner

• Ability to handle time-sensitive requests in a quick and reasoned way

• Excellent attention to detail and problem-solving skills

• Confidence, presence, resilience, and determination to succeed in a dynamic and demanding business environment

• Proactive with a drive for continuous improvement

• Strong communication skills at all levels.

Ready to Make Your Move and apply?

If you are passionate about discovering your potential and changing how we create a more sustainable future, then we would love to hear from you. We will be continuously reviewing applications; early submission is strongly recommended.

#LI-CET #MakeYourMove #MoreThanACareer

At Centrica we embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. To build a more sustainable future, we need the best team – a team with a diverse mix of people and skills, where everyone feels welcome and able to succeed. We are dedicated in helping to close the diversity gap and would love to see more females, people of colour and LGBTQ+ employees, as well as those from a variety of cultures and ethnicity to veterans and the differently abled. Supporting diversity and inclusion is a big part of who we are, we are not looking for people to fit into our culture but to add to it!

PLEASE APPLY ONLINE by hitting the 'Apply' button.

Applications will ONLY be accepted via the ‘Apply’ button.

This role is being handled by the Centrica recruitment team and NO agency contact is required.