ENGIE Global Energy Management.  As a global energy player in electricity, natural gas and energy services, ENGIE provides energy management solutions to its clients around the world through an expertise built on over 20 years managing the world’s largest and most diverse portfolios including power, gas, environmental and certificate products.  We are the energy management arm of ENGIE with access to local markets all over the world. Backed by a Group with a strong credit rating, we have developed an unrivalled business model gathering the best of physical energy and financial worlds.  The APAC & LNG trading platform - established in 2012 - is a pivotal hub for ENGIE as it looks for opportunities to develop power and gas activities in Asia and serves as the headquarters of the global LNG platform.

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. 

Organization:

As a Senior LNG Credit Risk Officer, you will report to the LNG & APAC Credit Team Lead and LNG & APAC Chief Risk Officer. You will be the senior credit officer in Europe responsible for the LNG team.  You will collaborate to the fulfillment of department missions and may be involved in projects spanning multiple groups across commercial functions and staff.

Main Activities:

• 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
• Negotiate 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.
• 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, interface with Methodology team in EU
• Analyze major transactions and present material to GEM and Group level committees
• Participate in cross-functional projects

• Assist Credit Team Lead and CRO in developing credit risk policy for LNG, including limits, credit risk appetite, and methodologies for new products
• Assist Credit Team Lead in professional training and development of the Credit Risk Team, including orientation and training for new hires

Work location:
Europe (Paris or London)

Education and professional background:

• 10+ years of relevant experience in Credit Risk positions, ideally handling waterborne physical trade at a top-tier physical trading house. 
• Significant history of producing detailed credit files and assigning internal ratings and limits
• Minimum a Bachelor’s degree Corporate Finance, Accounting, Economics, or equivalent

• Very familiar with energy commodities markets, products, counterparties, and waterborne physical trade cycle
• Good knowledge of LC/SBLCs and able to review formats and work with trade finance banks on seeking cover
• Strong analytical skills (including performing financial analysis) and able to articulate position well
• Excellent communication skills
• Fluent in English
• Experience with physical commodity physical master agreements, ideally LNG
• Ability to work under pressure, self-organize and prioritize tasks, and respond to urgent requests from Front Office
• Meticulous, independent, and a strong team player

Bonus criteria

• Physical LNG experience a strong plus
• Experience at a bank also a plus
• Reuters or Bloomberg experience
• Derivatives knowledge and background, e.g. Greeks and pricing
• Familiar with credit exposure modeling methodology and Basel counterparty credit risk standards