LNG Credit Risk Manager

Centrica Energy is a leading European energy trading company with a global reach, operating out of eight offices across all time zones to move energy from source to use. Our mission is to drive the green transition while offering sustainable and predictable energy costs for suppliers and offtakers.

We currently trade gas across 20 countries and power across 28 European countries and the United States, whilst our LNG business has a global reach with cargoes delivered almost anywhere in the world. To service our clients across the globe. #LI-CET

As the LNG Credit Risk Manager , you will be responsible for managing the credit risk across the Centrica Energy LNG business, ensuring the monitoring, control, and mitigation of credit risks while supporting the development of business strategy. The role may also involve supporting credit risk activities related to the Gas and Power portfolio, depending on the needs of the business.

The role holder will take decisions regarding credit risk 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 professionalism, knowledge, and exemplarity within the credit risk function and support the Head of Credit Risk and Head of Risk (Centrica Energy).

The role is based out of our central London office (close to Marble Arch) with 3 days per week typically based within the office.

What you'll be doing:

• Oversee credit risk activities related to LNG transactions (with potential involvement in the Gas and Power portfolio), ensuring 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 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

• 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 counter parties regarding credit matters and demonstrate an excellent knowledge of trading documentation and credit clauses.

We have a few must-haves:

• Extensive experience in credit risk management, especially in the LNG business, 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

• Energy commodity knowledge ideally within LNG and Gas

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

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

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

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

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

• Experienced within stakeholder management, able to respond to demands of front, middle and back office teams

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