Credit Risk Analyst (FTC)

at  EDF Trading

Come work at a place where innovation and teamwork come together to support the most exciting missions in the world!
When you join EDF Trading you’ll become part of a diverse international team of experts who challenge conventional ideas, test new approaches and think outside the box.
Energy markets evolve rapidly so our team needs to remain agile, flexible and ready to spot opportunities across all the markets we trade in: power, gas, LNG, LPG, oil and environmental products.
EDF Group and our customers all over the world trust that their assets are managed by us in the most effective and efficient manner and are protected through expert risk management. Trading for over 20 years, it’s experience that makes us leaders in the field. Energy is what we do.
Most of all, we value our people. Become part of the team and you will be offered a great range of benefits which include hybrid working, a personal pension plan, private medical and dental insurance, bi-annual health assessment, corporate gym memberships, electric car lease programme, childcare vouchers, cycle to work scheme, season ticket loans, volunteering opportunities and much more. We even provide free fruit to keep you healthy.
Gender balance and inclusion are very high on the agenda at EDF Trading so you will become part of an ever-diversifying family of around 800 colleagues based in London, Paris, Singapore, Tokyo and Houston. Regular social and networking events, both physical and virtual, will ensure that you always feel connected to your colleagues and the business.
Who are we? We are EDF Trading, part of the EDF Group, a world leader in low-carbon sustainable electricity generation partnered with JERA, one of Japan’s largest utilities; the perfect organisation at which to begin or progress your career in the commodities sector.
Join us, make a difference and help shape the future of energy.
Job Description:
Department
The Credit Risk department is part of the risk management function within EDF Trading. The Credit team are responsible for the management of all aspects of the credit risk life-cycle including; researching and analysing trading counterparts, understanding of credit exposure generated by new transactions, negotiating and structuring credit support arrangements, structuring exposure reduction transactions, monitoring and reporting of credit exposures and events.
Managing credit risks within EDFT is varied, challenging and rewarding. Physical and financial activity in multi- commodities provides a diverse counterpart and transaction portfolio.
The Credit department is a team-based environment that values interaction and exchange of ideas and techniques. The flat team structure supports access to all levels of management across the organisation to ensure that analysis and decisions are comprehensive and complete.
Position purpose
To support the credit team in its risk management functions, to analyse and monitor counterparty credit risk across a diverse energy portfolio and mitigate potential financial losses due to counterparties default.
The role includes administrative tasks and will be involved in operational responsibilities that include credit support document management, reporting, late payments escalation and credit system data recording and maintenance.

Main Responsibilities

• Reports Directly to Credit Manager and will assist with the day to day management of energy portfolio and provide administration support to the Credit Team;
• Write full credit analysis to recommend credit ratings, limits and contractual terms;
• Ensure full adherence to EDFT and EDF group integrity checks policy;
• Ensure counterparts are in compliance with groups Credit Policy and Set Credit Limits;
• Monitor daily excess positions and late settlement payments;
• Manage daily, weekly and monthly credit reporting;
• Maintain the credit system updated and ensure integrity and accuracy of data.
• Deal with Energy documentation (this includes Industry standard GTCs, EFET Master Agreements, ISDA and many other bespoke agreements) and credit support documents (this includes Letters of Credit and Parent Company Guarantees).

Experience required

• 2-year experience in a credit or financial analyst role gained within a commodity trading environment or financial institution;
• Professional experience on contractual and credit documents will be an advantage (e.g. Letters of Credit)
• Professional experience on energy products traded by EDFT will be an advantage (power, gas, green certificates, oil, LPG, Bio-Ethanol)

Technical requirements

• Educated to degree level (Finance, Accounting, Business) or equivalent professional qualification
• Excellent financial analysis skills is paramount for this role
• Fluency in English – both written and verbal with ability to provide concise and clear synthesis
• Proficiency with MS software (Excel, Word, PowerPoint)
• Previous experience with S&P Capital IQ platform or CubeLogic credit system will be an advantage

Person specification

• Developed passion and interest for credit risk management
• Excellent analytical skills and attention to details.
• Organized and accountable, capable to work within strict deadlines and policies
• Proactive approach to work and problem-solving attitude
• Excellent written and verbal communication skills, capable to summarise and deliver simple presentations on complex and technical structures
• Open and confident team player. Highly motivated, enthusiastic and able to support a teamwork environment.
• Able to interact with a variety of EDFT functions including Front Office, Legal, Back Office, Market Risk and P&L Control.

Hours of work:
8.30am – 5.30pm, Monday to Friday with Hybrid Working arrangements

• Reports Directly to Credit Manager and will assist with the day to day management of energy portfolio and provide administration support to the Credit Team;
• Write full credit analysis to recommend credit ratings, limits and contractual terms;
• Ensure full adherence to EDFT and EDF group integrity checks policy;
• Ensure counterparts are in compliance with groups Credit Policy and Set Credit Limits;
• Monitor daily excess positions and late settlement payments;
• Manage daily, weekly and monthly credit reporting;
• Maintain the credit system updated and ensure integrity and accuracy of data.
• Deal with Energy documentation (this includes Industry standard GTCs, EFET Master Agreements, ISDA and many other bespoke agreements) and credit support documents (this includes Letters of Credit and Parent Company Guarantees)