Credit Risk Manager, Energy Trading

Our client is a Global Energy Trading company based in London.

We are seeking an experienced Credit Risk Manager, who will have responsibility for the EU, Asia and London. You will be an experienced and hands-on Credit Manager, ideally with prior team lead experience. The successful candidate will report directly into the US and will manage a small London-based team.

The role provides the opportunity to be hands-on and prepare detailed credit analysis, not just "market" credit. This Credit Manager role will manage exposures including mark-to-market, accrual, and settlement for a portfolio of global counterparties with a global view of exposure.

This will be a full-time role, based in the London Office on a hybrid basis, and will own the following responsibilities:

• Assist with and oversee in-depth credit reviews based upon the analysis of a company’s financial statements (including understanding cash flow analysis and capital structure), industry trends and energy commodity market prices and news.
• Assign & recommend credit limits and internal credit ratings based on given authority.
• Credit evaluation and risk assessment of complex structured finance and derivative transactions in a deal-oriented environment (Power, PPAs: wind & Solar, and Renewables Certificates).
• Oversee the global OTC margining process covered by the Credit Analyst in London.

EXPERIENCE REQUIRED:

• Extensive Credit Risk experience in an energy commodity trading company, or in a bank (with a focus on renewable energy, power and gas), is an important pre-requisite in order to apply.
• Experience with European Renewables, Power, Gas, Freight and Emissions Certificates.
• Proven experience in negotiating the credit terms of industry-standard energy commodity Master Agreements (PPAs, EFET Power, ISDA, GTMA, Credit Support Annexes, Master Netting Agreements, Long-Form Confirmations & GTCs).
• Solid knowledge of commercial credit risk and counterparty credit analysis experience.
• Experience in overseeing OTC margining & collateral process (cash and Letters of Credit).
• Experience and knowledge of the European TSOs.
• Excellent communication skills in order to build strong relationships and work effectively with OTC trading counterparties, commercial traders, and Trailstone’s internal business teams (across global time zones).

In addition, we believe that the following key skills and technical acumen, would best set someone up for success in this role, but are not essential to apply:

• The ability to mitigate credit risk and provide credit solutions and options to counterparties and commercial traders in order to enable trading.
• Strong data mining skills, knowledge of coding (Python or SQL), as well as knowledge of CRisk & Endur (OpenLink), Bloomberg & MS Office.
• Credit training and knowledge of the credit rating agencies, methodologies and ratings.
• Understanding of PFE for a portfolio of counterparties in Europe, North America, and Asia.