Senior Credit Risk Analyst

AES - Houston, TX

Full-time - Mid Level

Houston, TX

Utilities

About the position

At AES Corporation, we are seeking a Senior Credit Risk Analyst to join our dynamic team. This position is pivotal in enhancing AES' Credit Risk Framework and Control function, reporting directly to the Senior Manager of Global Risk Management under the Chief Risk Officer. The successful candidate will play a crucial role in driving continuous improvement in credit risk reporting, policy formulation, approval processes, and the utilization of technology. This role is not just about managing risks; it’s about collaborating with senior leadership and working closely with business-level Risk Directors, as well as teams in Commercial, Digital, and Finance. This is an exciting opportunity to lead initiatives that will significantly impact our operations and contribute to our mission of shaping a sustainable energy future. The Senior Credit Risk Analyst will be responsible for developing, tracking, and evaluating credit risk and liquidity metrics across the organization. This includes supporting the Global Commercial and Credit risk team's needs for counterparty credit support, defining and implementing best practices, and monitoring credit exposure. The role also involves liaising with Treasury to issue collateral and collaborating with Market Risk Analytics on complex structures and exposure analytics. A key responsibility will be to implement an enhanced Credit Risk Policy for the firm, ensuring that specialized business units adopt the policy and procedures effectively. In addition to these responsibilities, the analyst will conduct thorough analyses of financial statements and assess counterparties with significant exposure across various global businesses. The role requires refining and implementing a Potential Future Exposure framework to proactively manage credit risk, reviewing underlying agreements with legal, and developing less experienced team members. The analyst will also respond to ad-hoc analysis requests from various teams, work with the ETRM and Reporting & Analytics team to organize credit data, and support routine audits for the Accounting and Finance teams. Identifying areas for improvement within the credit risk team and proposing solutions will be essential, as will being a change agent for data-driven commercial decisions across the enterprise.

Responsibilities

• Help lead the development, tracking and evaluation of credit risk and liquidity metrics across the organization.
• Support the Global Commercial and Credit risk team's need for counterparty credit support, including defining and implementing best practices.
• Monitor credit exposure and related credit support. Liaise with Treasury to issue collateral.
• Liaise with Market Risk Analytics around complex structures and exposure analytics.
• Implement an enhanced Credit Risk Policy for the Firm, and work with specialized business units to adopt the policy and procedures locally.
• Conduct thorough analysis of financial statements and perform assessments of counterparties with large exposure for various businesses globally.
• Refine and implement a Potential Future Exposure framework to proactively manage Credit Risk.
• Work with legal to review underlying agreements, including ISDA, PPAs or similar documents.
• Develop less experienced team members and be a leader on the team.
• Respond timely to ad-hoc analysis requests from the Origination, Finance, Legal and Local Risk teams.
• Work with the ETRM and Reporting & Analytics team to organize credit data and develop credit reporting.
• Annually and as required support the Accounting and Finance teams with routine audits.
• Identify areas of improvement for the credit risk team and propose solutions for management consideration.
• Be a change agent for data-driven commercial decisions and analytics across the enterprise, collaborating with teams across AES.

Requirements

• Experience of 6+ years in the energy industry in the credit space.
• Familiarity with an Energy Trade Risk Management (ETRM) system such as Allegro.
• Familiarity and prior experience with financial markets, products, pricing models, credit risk, and market risk.
• Strong interpersonal, communication, and presentation skills, both written and verbal.
• Comfortable managing multiple stakeholders, driving consensus, and influencing outcomes.
• Team player that can think clearly and operate in a fast-paced environment.
• Ability to build good working relationships with key stakeholders and independently work with the front office.
• Knowledge of power markets including the underlying agreements (ISDA, PPA, etc.).
• An understanding of MPE, PFE, VaR, stress-reporting and other risk measures.
• Understanding of credit risk management, portfolio theory, principles, and measurement concepts including Value-at-Risk, Cash Flow-at-Risk, and Back Testing analysis.
• Flexible and adaptable commercial agility; ability to reorder critical analysis projects based on new commercial requirements, under tight deadlines and sometimes changing requirements.
• Fluency in Spanish is a plus.

Nice-to-haves

• Advanced degree and/or certifications in an analytic discipline and data analysis preferred.