Credit Manager - Houston, United States - EDF Trading

Description

EDF Trading North America, LLC is a major participant in wholesale energy markets and delivers customized energy solutions for our customers.

We operate in every market and provide coast to coast coverage of financial and physical products in power, natural gas and NGLs, environmental products and financial crude oil products.

We provide our customers with products and services that deliver access to markets, optimize their energy portfolio, hedge risk and manage assets.

Our Wholesale Business operates throughout the value chain in the North American wholesale power markets and we are one of the leading wholesale natural gas marketers.

Additionally, we provide environmental, congestion management and value added derivative products. With extensive pipeline agreements, we can manage natural gas offtakes, deliveries, capacities and supply anywhere across the continent.

EDF Trading North America, LLC is part of the EDF Group, a global leader in low-carbon energies.


Job Description:

• Provide strategic credit leadership and management of the Wholesale REP business (WSREP). This includes due diligence to onboard new REPs and coordinating with Market Risk to perform period audits.
• Perform daily monitoring for REP customers, include analyzing asset coverage, monitoring compliance to facility limits and other contractual covenants, analyzing trends in asset coverage, reviewing and approving disbursements from REP lockboxes, and other ad hoc requests that may arise.
• Actively involved in the negotiation of credit terms in master trading (ISDAs, NAESBs, EEIs, etc.) energy managements agreements, structured transactions involving lockbox arrangements, lienbased structures, intercreditor agreements and other commodity financing structures as it applies to the Wholesale and WSREP markets.
• Interface extensively with front office personnel to gather information needed for credit due diligence on transactions and/or new counterparties in the Wholesale Trading and WSREP market. This includes working with the Origination team on complex structured transactions.
• Perform financial statement analysis to assess the creditworthiness of counterparties and make recommendations as to appropriate credit limits and tenor restrictions.
• Lead in the development and maintenance of cash flow valuation models for power plants, oil & gas reserves and WSREP customers.
• Explore the use of Credit Default Swaps, Credit Portfolio Insurance, and other market mechanism to proactively manage credit risk.
• Develop "Day 2 operational monitoring" of asset heavy counterparties and develop a playbook for proactive mitigation of credit risk.

Requirements:

• Bachelor's Degree in an Analytical field (Accounting, Finance, Mathematics, etc.)
• Minimum 8+ years' experience in credit risk, lending and monitoring, or audit.
• Experience in credit risk management, bank lending and/or financial audit is preferred.
• Familiarity with all master trading agreements typical of the energy trading industry, including the ISDA, NAESB, EEI agreements and lienbased structures Asset and Energy Management Agreements.
• Experience in credit systems implementation and software such as S&P, Moody's, Capital IQ, Bloomberg is preferred.
• Strong experience and culture in risk management.
• Excellent business acumen and presentation skills.

Note:
EDF is an EEO employer

EDF participates in the E-Verify Employment Verification Program.