What are the responsibilities and job description for the Associate Credit Risk Analyst position at Engelhart?
About Us
Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Its business model is "asset light" and highly diversified – giving it the ability to adapt effectively and nimbly to changing market conditions. It has assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities. Its activities are underpinned by strong risk management practices and by powerful technology and operational excellence. Its exceptional teams have diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.
In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides Engelhart with new expertise, analytics and proprietary technology which is used to provide risk management and optimisation services to manage the intermittency of renewable power generation for its client base. The acquisition also expanded Engelhart's capabilities into physical natural gas across North America.
Its talented and experienced individuals work together according to its four company values: be bold, be collaborative, be proactive, be your best.
Associate Credit Risk Analyst, Stamford
About the Role
On behalf of the Global Head of Credit Risk, we are looking for an Associate Credit Risk Analyst with a keen interest in Energy Credit and Energy Commodity Markets to join us. This role will sit in our global Credit team, which is part of Risk, reporting to either our Credit Risk Manager who is also based in London or to the Global Head of Credit Risk who is based in Stamford, CT.
This role will provide a variety of international responsibilities, with the benefits of local and international team support. Regarding technology, this role can expect to use CRisk, Endur (OpenLink), Bloomberg and MS Office on a daily basis. Training will be provided from day one to help build knowledge of the renewable power industry and natural gas industry, offering opportunity for professional growth.
This role will be based in our Stamford, CT office and will require on-site working with some remote flexibility.
This will be a full-time role, owning the following responsibilities, once training is complete:
- Running the daily global OTC margining process for both the European & North American renewables and gas business, including all daily and ad-hoc global Credit reporting;
- Managing and elevating margin call disputes and reconciliations;
- Preparing, reviewing, and analyzing various reports, including global exposure reporting;
- Onboarding counterparties and the respective Master Agreement, CSA margin and credit terms into CRisk;
- Assisting with credit review preparations based on the spreading and analysis of a company's financial statements (including understanding cash flow analysis & capital structure), industry trends and energy commodity market prices and news; and
- Collaborating with cross functional teams to improve internal processes and efficiencies on an on-going basis.
About You
This person will be detail-oriented and collaborative, able to identify problems quickly and work as part of a team to resolve properly. In addition to this, evidence of strong data mining and management skills will be considered as part of our interview process, as a key part of this role will be to analyze and reconcile exposure data. The ideal candidate will possess at least 5 of the following qualifications, competencies and knowledge subjects:
- Academic studies in the fields of Business, Finance, Mathematics, or a related field;
- Tangible knowledge of commercial credit risk and counterparty credit analysis;
- Familiarity with credit rating agencies (Fitch, Moody's & S&P), their methodologies and ratings;
- Understanding of OTC margin & collateral processing (Cash & Letters of Credit);
- Understanding of Exposures (including mark-to-market, accrual and settlements) and Potential Future Exposures (for a portfolio of global counterparties);
- Knowledge of Python syntax;
- Prior working experience gained in a European or North American energy trading company, or bank with a focus on renewable power markets.
We believe in inclusivity and are therefore dedicated to ensuring all employees – across gender identity, race, ethnicity, sexual orientation, religion, life experience, background and more – feel welcome and included in the company. We promote diversity because we believe it is essential to our ability to think holistically.