About this role
Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company with an asset light and highly diversified business model. This enables adaptation to changing market conditions using advanced fundamental analysis, quantitative and weather research. Strong risk management, powerful technology, and operational excellence underpin activities.
In 2024, Engelhart acquired Trailstone, expanding into global energy trading, technology, and physical natural gas in North America. This provides new expertise, analytics, and proprietary technology for risk management and optimisation services for clients’ renewable power. The role reports to the Credit Risk Manager in the London office as a hands-on Senior Credit Risk Analyst.
Daily tasks include preparing in-depth credit reviews from financial statements, industry trends, and energy commodity markets. Recommend credit limits, internal ratings, and assess complex structured finance and derivatives like Power, PPAs, Renewables Certificates, and Gas. Manage exposures including mark-to-market, accrual, and settlement for global counterparties.
Exceptional teams with diverse global backgrounds drive a highly collaborative culture across products and competencies. Talented individuals align with company values of Performance, Agility, Collaboration, and Entrepreneurship. Build strong relationships with OTC trading counterparties, commercial traders, and internal global teams.
Requirements
- Tangible experience working in the credit risk function of an energy commodity trading company, or in a bank with a focus on energy commodities
- Knowledge of commercial credit risk and counterparty credit analysis experience
- Experienced with Renewables, Power and Emissions Certificates in Europe; Gas and Freight desirable
- Experienced in negotiating credit terms of industry standard energy commodity Master Agreements including PPAs, EFET Power, ISDA, GTMA, ROCTMA, EECS GO, Credit Support Annexes, Master Netting Agreements, Long-Form Confirmations & GTCs
- Experienced in OTC margining & collateral process including cash and Letters of Credit
- Able to prepare detailed credit analysis and manage exposures including mark-to-market, accrual and settlement for a portfolio of counterparties with global view
Responsibilities
- Prepare in-depth credit reviews based on analysis of company’s financial statements, cash flow, capital structure, industry trends, and energy commodity market prices and news
- Recommend credit limits and internal credit ratings based on given authority
- Conduct credit evaluation and risk assessment of complex structured finance and derivative transactions including Power, PPAs – wind & Solar, Renewables Certificates, and Gas
- Assist in creating reports from CRisk, building Automated Dashboard, and other ad-hoc credit reporting
- Onboard counterparties and Master Agreements, CSAs, and credit terms into the ETRM
- Act as back-up for the global OTC margining process
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