Senior Credit Adviser
Job Description
Our client, an Oil and Gas Operator is seeking a Senior Credit Adviser to be based in London. This is an initial 12 month PAYE contract role with a hybrid working system in place.
\n\n\nPurpose of Role:
\n\nThe Senior Credit Risk Adviser is an operational role within the Group Credit Risk function, responsible for carrying out credit assessments, monitoring counterparty exposures, and supporting the day-to-day management of credit risk across the business.
\n\nThe role supports the protection of the organisation’s balance sheet by preparing credit analysis, maintaining credit limits, monitoring exposures, and helping to ensure credit decisions are made in line with Group policies and risk appetite.
\n\nThe Senior Credit Risk Adviser works closely with colleagues across finance, marketing and trading, commercial, and treasury functions, providing practical credit risk support and escalating more complex matters where required.
\n\n\nAreas of Accountability, Responsibility and Competence:
\n\nCredit Assessment and Credit Limit Determination
\nCarry out creditworthiness assessments for new and existing counterparties, including customers, suppliers, joint venture partners, and financial institutions.
\nPerform detailed credit analysis using financial statements, market intelligence, credit ratings, and other qualitative and quantitative information.
\nApply sound judgment when reviewing higher-risk or more complex exposures, escalating matters to the Credit Risk Manager where appropriate.
\nPrepare recommendations for credit limits, trading limits, and security requirements in line with delegated authorities and Group risk appetite.
\nCredit Risk Monitoring and Reporting
\nMonitor counterparty exposures, limit utilisation, and portfolio risk trends on an ongoing basis.
\nIdentify emerging credit risks, deteriorating counterparties, and concentration risks, proposing timely mitigation actions.
\nPrepare regular credit risk reporting for management, including clear commentary on key movements, issues, and proposed actions.
\nSupport scenario analysis and stress-testing activities to assess potential impacts on the credit portfolio.
\nAct as a point of contact for day-to-day credit-related queries, exceptions, and potential breaches, escalating where needed.
\nCredit Risk Management Framework
\nIn close collaboration with the Credit Risk Manager:
\nSupport the maintenance of the Group Credit Risk framework, policies, and supporting documentation.
\nMaintain and monitor Group credit limits, supporting exposure and risk reporting as required.
\nSupport the management of trading limits, including counterparty approval status and security appetite.
\nSupport the review and administration of PCGs and Letters of Credit across the Group, including:
\nReviewing issuing bank acceptability and escalating recommendations for approval
\nReviewing PCG and LoC structures and formats
\nOngoing monitoring of exposure and validity
\nContinuous Improvement of the Credit Function
\nSupport initiatives to improve credit risk processes, controls, and efficiency across the Group.
\nContribute to improvements in approval workflows, templates, methodologies, and periodic credit review standards.
\nMake effective use of credit risk systems and tools, helping to maintain accurate data capture, monitoring, and reporting.
\nShare knowledge and support consistent ways of working across the credit risk function and wider business.
\nCompliance and Documentation
\nEnsure all credit activities comply with internal credit policies, governance standards, and relevant regulatory requirements.
\nMaintain robust, auditable documentation supporting all credit decisions, limits, and approvals.
\nSupport internal and external audit activities relating to credit risk, addressing findings and recommendations as required.
\n\n\nCritical Skills, Qualifications, Experience, etc:
\n\nBachelor’s degree in Finance, Accounting, Business Administration, or a related discipline.
\nStrong experience in credit risk, credit management, or financial risk roles, ideally within energy, commodities, trading, banking, or capital-intensive industries.
\nStrong technical expertise in credit risk assessment, financial statement analysis, and counterparty risk management.
\nAbility to apply sound judgment to credit assessments and recognise when issues should be escalated.
\nStrong understanding of credit documentation, including PCGs, Letters of Credit and the credit elements under relevant Trading Documentation (EFETs/ISDAs) .
\nGood analytical skills with the ability to interpret financial and commercial information.
\nHigh proficiency in Microsoft Excel and financial modelling.
\nGood stakeholder management skills, with the confidence to ask questions, challenge where appropriate, and work effectively with colleagues across the business.
\nWell organised, detail oriented, and able to manage multiple priorities in a dynamic environment.
\nPractical, hands-on approach with the ability to follow through on actions and maintain accurate records.
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