Centrica • United Kingdom

Head of Credit Risk (Centrica Energy)

Employment type:  Full time


A little flex time

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 the Head of Credit Risk you will be responsible for overseeing a team of credit risk professionals across London and Denmark offices and managing the credit risk across the Centrica Energy business ensuring the monitoring, control and mitigation of credit risks whilst supporting the development of business strategy.

The role holder will be required to take decisions regarding credit risks within delegated competences and provide management with a motivated opinion regarding decisions to be taken at higher levels. You will ensure a high level of motivation, professionalism, knowledge and exemplarity within the credit risk team and support the Head of Risk (Centrica Energy).

The role is based out of our central London office (close to Marble Arch) with 4 days per week typically based within the office. There is also a requirement for occasional travel to other Centrica Energy offices (e.g. Denmark (Copenhagen & Aalborg)) and this is expected to be once every 2-3 months.

What you’ll be doing:

  • Lead a team of 9 credit risk resources across London and Denmark, providing guidance, mentorship, and training to enhance their performance and development

  • Ensure high level of integrity of credit systems regarding exposure capture

  • Monitor and analyse credit exposures, identifying potential risks and opportunities for risk mitigation

  • Demonstrate an insightful understanding of financial accounts to review and approve credit assessments and scorings prepared by team members and set appropriate limits within group credit appetite

  • Implement and continually push the development of state-of-the-art information systems ensuring a thorough view of credit risks in cooperation with the dedicated IT and specialist quantitative teams

  • Collaborate closely with trading desks, finance teams, and other stakeholders to assess credit risks associated with new and existing transactions

  • Regularly review and update credit risk models, methodologies, and tools to enhance accuracy and effectiveness

  • Provide strategic guidance on credit risk management, recommending actions to mitigate risks and optimize trading opportunities

  • Stay abreast of market trends, regulatory changes, and industry best practices related to credit risk management in commodity trading

  • Represent Centrica in negotiations with external trading counterparties regarding credit matters and demonstrate an excellent knowledge of trading documentation and credit clauses

  • Prepare comprehensive reports and presentations for senior management and stakeholders, summarising credit risk exposures, trends, and mitigation strategies.

We have a few must-haves:

  • Extensive experience in credit risk management from within either a commodity trading house or investment banking environment, with an in depth understanding of market dynamics, key energy market players and trading practices

  • Prior energy knowledge is preferred, especially in EMEA Power and Gas financial and physical structures (gas storage, transport option, PPA, batteries, etc.)

  • Leadership experience required due to the size and different location of the team, with the ability to motivate and develop high-performing resources

  • Proven track record of developing and implementing effective credit risk policies and procedures

  • Deep knowledge of credit risk assessment methodologies, financial analysis, and risk modeling

  • Strong analytical skills, with the ability to interpret complex data and make informed decisions

  • Excellent communication and interpersonal skills, with the ability to collaborate effectively across teams and present findings in a clear manner to senior management

  • Sound understanding of regulatory requirements and compliance frameworks relevant to commodity trading

  • Demonstrated ability to thrive in a fast-paced, dynamic environment, managing multiple priorities with a strategic mindset.

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.

We're a People Place:

We have 4 People Promises, which are our pledge to all our colleagues. It’s the minimum of what you can always expect when working with us.

  • People Promise #1 We’re a people place - we are devoted to doing great work together and are cultivating wellbeing and flexibility

  • People Promise #2 You’ll ignite your potential - we are committed to career development and equal opportunities

  • People Promise #3 You’ll get your share of our success - we offer attractive Benefits and Rewards

  • People Promise #4 You’ll make an impact that will truly change tomorrow - we are committed to career development and equal opportunities. We are committed to moving towards a cleaner and greener future.

This is what you can always expect from us. It’s part of our culture, and we know it enables us all to make the most of everyone’s contribution for us to grow, move and thrive.

#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.

Company benefits

Adoption leave
Open to part-time employees
Enhanced sick days
Flexible working week
Enhanced sick pay
Gym membership
Health insurance
Mental health platform access
Compassionate leave
Dental coverage
Fertility treatment leave
Season ticket loan
Buy or sell annual leave
Optional unpaid leave
Shared parental leave
Enhanced maternity leave
Carer’s leave
Enhanced paternity leave
Pregnancy loss leave
Cycle to work scheme
Pension match/increase
Equity packages
Life insurance
Annual pay rises
Share options
Financial coaching
Employee discounts
Volunteer days
Company car
Employees are very happy with their working location freedom
Employees are very happy with the flexibility in the hours they work
Employees are very happy with the benefits their company offers
Work-life balance
Employees feel that they can switch off quite easily from work
Role modelling
Employees feel that flexible working is part of the culture
Employees feel they have complete autonomy over getting their work done

Additional employee ratings
(these do not contribute to the FlexScore®)

Employees feel that the diversity is good and there are continued efforts to improve it
Employees feel like the company culture is brilliantly inclusive and equitable
Employees feel like it is a really great environment to work in
Employees feel very excited about and aligned with the company mission
Employees feel that their salary is good and matches the value they bring

Working at Centrica

Company employees


Gender diversity (male:female)


Office locations

Windsor, London, Cardiff, Leicester, Glasgow, Edinburgh, Manchester, Dublin, Stockport, Staines, Hampton, Aberdeen, Barrow, Hull

Hiring Countries

United Kingdom

Awards & Achievements

2nd – Large companies

2nd – Large companies

Flexa100 2024
3rd – Consumer Goods

3rd – Consumer Goods

Industry awards 2023

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