Senior Credit Risk Analyst

SENIOR CREDIT RISK ANALYST – BP LNG & Biomass

 

��Location: Paris

 

About ENGIE and Supply & Energy Management:

ENGIE, a global leader in low-carbon energy and services, relies on its Global Business Unit Supply & Energy Management (GBU S&EM) to provide reliable, sustainable, and affordable energy to all its customers. This strategic unit optimizes the Group’s and clients’ production assets and designs tailored energy solutions for our 200,000 professional clients and 15 million consumers.

The Global Business Unit Supply & Energy Management leverages ENGIE’s assets to deliver secure and sustainable energy to its B2B and B2C customers. It uses its expertise in energy management to provide decarbonized electricity 24/7.

Joining Supply & Energy Management means becoming part of a team of over 10,000 passionate experts spread across 20 countries, all united by a shared mission: shaping a greener and more efficient energy future. Together, we push the boundaries of innovation to deliver decarbonized energy 24/7. Join us and be part of those shaping the energy of tomorrow!

Context

The Credit Risk team assesses the creditworthiness of counterparties, participates in the negotiation of commercial contracts, and calibrates credit limits.  Assessment is done through an analysis of the country, sector, industry, and counterparty, using financials and other quantitative and qualitative public and private information.  Counterparties are frequently private and unrated by agencies.  Contract negotiation includes physical energy commodities agreements, and credit terms can include credit-specific clauses, financial covenants, collateral, and payment terms.  After signing off on a contract, the Credit Risk team monitors exposure against credit limits.  The credit health and financial condition of counterparties is also continuously monitored.

Your Mission

As a Senior Credit Risk Analyst for Global LNG & Biomass business, you will report to the Head of Credit for LNG & Biomass and will be based in Paris.  You will collaborate to the fulfillment of department missions and may be involved in projects spanning multiple groups across commercial functions and staff.

•              Assess creditworthiness of counterparties, assign ratings, and set limits

•              Present files and credit requests to regular Credit Risk Committees

•              Participate in counterparty relationship development with Front Office and attend meetings with counterparties together with Front Office

•              Negotiate and recommend credit, collateral, and payment terms in contracts in conjunction with Legal and Front Office, such as in physical master agreements

•              Monitor credit risk indicators, exposures, limits, and utilization for a portfolio of counterparties

•              Proactively respond to Front Office queries on term sheets and about exposure of potential trades and whether trades fit limits

•              Monitor news and credit events impacting portfolio of counterparties

•              Understand risk calculation methodology, such as PFE and credit VaR

•              Participate in cross-functional projects, as and when needed

•              Assist Head of Credit and CRO in adhoc projects related to credit risk mandate and policy updates for LNG and Biomass

 

 

 

What we are looking for

5-7 years of relevant experience in Credit Risk positions, including handling waterborne physical trade

Significant history of producing detailed credit files and assigning internal ratings and limits

A Bachelor’s degree in Corporate Finance, Accounting, Economics, or equivalent

Familiar with energy commodities markets, products, counterparties, and waterborne physical trade cycle

Good knowledge of credit support instruments (including SBLCs, and able to review formats)

Strong attention to detail and analytical skills (including performing financial statements analysis) and able to articulate position well

Excellent communication skills in English

Knowledge of physical commodity master agreements

Ability to work self-organize and prioritize tasks

Independent, and a strong team player

Structured credit experience on long-term transactions a plus

Experience at a bank or ratings agency also a plus

Derivatives knowledge and background

Familiar with credit exposure modeling