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JERA Global Markets

Credit Risk Analyst

London
Posted about 15 hours ago
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Business Entity Description

The JERA Global Markets Group (JERAGM) is a leading utility-backed energy trader. A joint venture between majority shareholder JERA Co., Inc. and EDF Trading Ltd, JERAGM’s shareholders are among the world’s major utilities.

JERAGM operates one of the most exciting energy portfolios in the world which gives it an in-depth understanding of the way local, regional and international energy markets behave. Its in-depth knowledge and market insights enable us to capture trading opportunities, optimise portfolios, create value and enhance security of supply for our customers.

Headquartered in Singapore, JERAGM has a global talent pool of about 400 people across offices located in five strategic locations: Singapore, the UK (London), Japan (Tokyo), the US (Houston) and Australia (Brisbane).

JERA Global Markets Pte. Ltd. is strongly capitalised with over US$500 million in paid up capital and has retained its AA-Stable rating from R&I, attributable to a robust business model and solid financial base. JERAGM has a total equity of US$3.4 billion (as of 1 April 2025).

Job Description

JERA Global Markets’ Credit function is responsible for managing counterparty credit risk across a global energy trading portfolio but focused on EMEA and the Americas. The team assesses a diverse range of counterparties and transactions, from major listed utilities and global trading companies to privately owned businesses, special-purpose vehicles and structured energy projects. Based in JERAGM’s London office, the Credit Analyst will report to the Credit Risk Manager and work closely with Credit Analysts, Quantitative Credit Analysts and teams across Trading, Legal, Compliance, Treasury, Market Risk and IT. The role is responsible for delivering robust credit assessments, monitoring portfolio exposures and supporting commercially balanced credit risk decisions.

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Key Responsibilities

Responsibilities include, but are not limited to:

  • Conduct timely and thorough credit assessments of new and existing counterparties, identifying key risks, recommending internal credit ratings and limits, and proposing appropriate credit structures and contractual protections.
  • Evaluate the credit exposure arising from new and existing transactions, working with Quantitative Credit Analysts to incorporate current exposure, potential future exposure and other relevant risk measures into credit recommendations.
  • Negotiate credit terms, financial covenants and credit support provisions in commodity trading agreements, in collaboration with Legal, Trading and Origination teams.
  • Monitor daily counterparty and portfolio credit exposures, investigate limit utilisation or breaches, and recommend appropriate risk mitigation actions to ensure trading activity remains within approved parameters.
  • Analyse relevant sectors, regions and energy market developments to identify emerging credit risks, assess their potential impact on counterparties and the portfolio, and provide clear updates to Credit Management and Credit Committees.
  • Support the onboarding and periodic review of counterparties ensuring accurate, complete and timely credit information is maintained in the relevant systems.
  • Prepare accurate and insightful credit risk reporting, including key risk indicators, portfolio analysis, stress testing and scenario analysis, to support management oversight and informed decision-making.
  • Participate to credit risk processes improvements and data integrity to ensure accurate output, operational efficiency, and control implementation.

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Qualifications

Core Requirements

  • Experience within commodity or energy trading firms or bank.
  • Demonstrated financial and credit analysis capability, including the ability to interpret financial statements, assess qualitative and quantitative risk factors, and form a clear, evidence-based view of counterparty creditworthiness, and provide clear credit recommendation.
  • Ability to deliver accurate work within changing deadlines, prioritising competing requests, working autonomously when required and collaborating effectively with colleagues across Credit, Trading, Legal, Risk and other support functions.
  • Ability to communicate complex credit matters clearly in English, both verbally and in writing, and to adapt recommendations for technical and non-technical stakeholders. This includes summarising key risks, supporting conclusions with relevant analysis and presenting a clear course of action.
  • A degree, relevant professional qualification or equivalent practical experience in finance, economics, business, mathematics or a related discipline is required.

Desirable Skills

  • Experience using credit risk, trading or financial analysis systems, such as CubeLogic, Allegro, Endur, EKA, S&P Capital IQ, LSEG Workspace or Power BI.
  • Experience using data, automation or AI-enabled tools, such as Python, VBA or comparable technologies, to analyse information, improve processes or increase operational efficiency.

Role Opportunity

This role offers an excellent opportunity to further develop skills and responsibility within a growing and successful commodity trading business.

JERA Global Markets is committed to promoting equality, diversity, and inclusion in the workplace. We are an equal opportunities employer and value the diversity of our workforce.

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Skills

Credit Analysis
Financial Statement Analysis
Counterparty Credit Risk
Commodity Trading
Risk Mitigation
Credit Rating
Financial Covenants
Portfolio Monitoring
Stress Testing
Scenario Analysis
Python
VBA
Power BI
S&P Capital IQ
LSEG Workspace
CubeLogic

Location

London, England, United Kingdom

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