What are the responsibilities and job description for the Senior Analyst - Credit Risk Management position at Energy Transfer LP?
Energy Transfer, recognized by Forbes as one of America's best large employers, is dedicated to responsibly and safely delivering America's energy. We are driven to inspire our employees to create superior value for our customers, our investors, a sustainable future and giving back to the community where we have long-standing commitments to causes including MD Anderson Children's Cancer Hospital, The Salvation Army, The American Red Cross, Ronald McDonald House and many more.
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Summary:
Energy Transfer is seeking an experienced credit risk professional with expertise in negotiating credit-related provisions in energy agreements. This role combines credit risk analysis with hands-on contract negotiation to ensure Energy Transfer's interests are protected in commercial transactions. This role will primarily work closely with legal, commercial, and risk teams to structure and negotiate credit terms in agreements including but not limited to, PSAs, NAESBs, ISDAs, TSAs, and PAs, while implementing strategies to mitigate credit exposure.
Essential Duties and Responsibilities:
- Review and negotiate ancillary trading documentation and commercial agreements including but not limited to, ISDA, natural gas storage and transportation agreements, ISDAs, CSAs, and other industry-standard agreements, as required.
- Collaborate with legal and commercial teams during contract drafting, review, and negotiation to ensure credit provisions align with company policies and effectively mitigate credit exposure.
- Analyze counterparties' creditworthiness using financial statements, credit scoring models, and industry data to make recommendations on appropriate credit limits or risk mitigation strategies.
- Actively manage a diverse credit portfolio, monitoring changes, events, and exposures, and provide timely analysis and insights to senior management.
- Maintain credit system database efficiently with counterparty names, credit support documentation, and agency/internal credit rating.
- Implement strategies to manage credit risk, including collateral management (letters of credit, margin calls, surety bonds, liens, etc.).
- Maintain accurate credit system databases and documentation.
- Work with cross-functional teams to provide insights on credit risk and recommend and implement process improvements.
- Identify and recommend process improvements for credit risk management.
- Able to professionally, accurately and promptly respond to counterparty margin calls and requests.
- Provide information for miscellaneous reports on an ad hoc basis.
- Mentor junior analysts and provide strategic guidance on complex transactions.
Requirements:
- Bachelor's degree in Finance, Accounting, Economics, or a related field or equivalent work experience.
- Minimum 5 years of experience managing counterparty credit risk for energy industry transactions, including evaluating financial exposure and negotiating credit provisions in commercial agreements.
- Familiarity and experience with credit reporting agencies, credit risk principles, and scoring models.
- Understanding of FERC regulations, Dodd-Frank compliance, and other relevant energy market regulations.
- Proficient in Excel and Word.
- Demonstrate exceptional attention to detail.
- Excellent verbal and written communication skills, with the ability to clearly articulate credit positions and negotiate complex contract provisions with internal stakeholders and counterparties.
- Strong analytical and problem-solving skills.
- Ability to work effectively in a collaborative team environment and building strong relationships cross-functionally to achieve shared objectives.
- Strong mentoring skills to train and guide junior analysts.
Required experience is commensurate with the selected job level:
- Senior Analyst level requires a Bachelor's degree or equivalent work experience and 5 years of relevant experience.
- Lead Analyst level requires a Bachelor's degree or equivalent work experience and 8 years of relevant experience.
Preferred Qualifications:
- Deep understanding of commercial energy contracts.
- Proven ability to negotiate credit provisions in complex energy agreements under tight timelines.
- Understanding FERC regulations, Dodd-Frank compliance, and other relevant energy market regulations.
- Experience leading negotiations teams and mentoring junior staff.
Working Conditions:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
- Standard office environment with prolonged periods of sitting or standing.
- Occasional travel may be required.
- Relocation assistance not available.
- This position is onsite; remote work is not offered.
- 40 hour workweek, but some overtime may be required to meet deadlines.
Equal Opportunity Employer/Disability/Vet