Credit Analyst, ESB Trading

at  ESB

Vacancy Number: 26230
Trading
Job Type: Full-time
ESB is a purpose led company striving to create a brighter future for the customers and communities we serve, leading the transition to reliable, affordable, low-carbon energy. Today, we operate one of the most progressive electricity systems in the world, with activities spanning electricity generation, transmission, distribution and supply in Ireland, Northern Ireland and Great Britain, and an international energy consulting business.
With almost 8,000 employees we invested €1bn in infrastructure last year, contributed over €2bn to the economies we operate in and distributed over €2m across a range of community initiatives. This requires us to bring the best of our capabilities together to deliver innovative and value-driven solutions that enable our customers to live low-carbon lives. ESB strives to foster an effective and inclusive culture where people engage, challenge and feel connected to our purpose, colleagues, customers and community.

POSITION DESCRIPTION

ESB Trading delivers essential asset optimisation services, risk management and wholesale market access to ESB Group and to its third-party customers.
ESB Trading is organised into a number of teams comprising Front, Middle (Risk Management) and Back Offices along with Finance, Modelling and Business Support. The Credit and Governance team, part of the Middle Office, independently assesses and reports on credit exposures and delivers an independent governance function to the Trading business.
This role will provide an excellent opportunity to be part of a team of risk professionals who oversee the credit and operational risks inherent in ESB Trading’s activities in the Irish Power, GB Power, Gas, Coal and Carbon markets.

We are looking for a candidate with high potential to analyse, report and manage the credit risks within ESB’s energy portfolio.

The successful candidate will:

• Develop and update methodologies to support the counterparty approval process and the setting of appropriate credit risk limits
• Develop analytical approaches to measure the credit risk associated with ESB Trading’s trading activity
• Work with Front Office and Treasury to ensure that the expected collateral requirements are understood and provided for
• Provision of effective credit risk reporting in line with ESB’s risk control framework and Counterparty & Credit Risk Policy
• Develop solutions to ensure ESB Trading can effectively respond to new credit requirements in the market
• Support the DC and NDC auctions and liaise with external counterparties in relation to their credit requirements
• Work across the credit and governance team as required to ensure that all credit and compliance requirements within ESB Trading are met

In addition, the successful candidate will:

• Pro-actively seek to further develop the capabilities of the credit risk function
• Report monthly on credit risks to the Risk Management Committee
• Work closely with other teams in ESB Trading to ensure credit risks are understood and incorporated into hedging decisions are effectively managed
• Act as liaison with both external and internal stakeholder
• Play an active role in shaping ESB Trading’s activities through provision of insight and constructive challenge