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Senior Credit Risk Analyst

SSE EnterpriseEdinburgh & The Lothians

9 days ago

Salary

£47,600.00–£71,600.00 yearly

Job description

Senior Credit Risk Analyst

Job Number : 551347

Closing at : Mar 10 2025 - 23 : 55 GMT

Base Location : Perth, Edinburgh or Glasgow

Salary : £47,600 - £71.600 + performance-related bonus + a range of benefits to support your finances, wellbeing and family.

Working Pattern : Permanent | Full Time | options available

The role

We are looking for a Senior Analyst to join our Credit Risk team. Our credit team fosters strong relationships with bilateral counterparties, leveraging SSE’s strong credit credentials and independently assessing counterparty credit worthiness. The team supports the route to market hedging of SSE generation and demand whilst providing objective credit risk analysis and recommendations to Group Finance.

You will be responsible for supporting the Head of Credit Risk in ensuring appropriate counterparty and regulatory relationship limits are in place. You will undertake a key role in the business as part of a team who is responsible for credit risk management and reporting, credit risk analysis and the complex modelling of credit exposures associated with SSE’s diverse portfolio of assets.

The Senior Credit Risk Analyst will act as a senior analytical leader within the team focusing primarily on ensuring EM and Group have a clear and evolving strategic framework. They will be a deputy for the Head of Credit Risk in these areas and act as a mentor to the more junior Credit Risk Analysts in the team.

You will

Play a key role in the business as part of a team responsible for credit risk management and reporting, credit risk analysis and the complex modelling of credit exposures associated with SSE’s diverse portfolio of assets.
Provide an underwriting function to support route to market for existing physical assets (thermal power stations, gas storage, renewables assets), new asset opportunities, and nonstandard bilateral contracts (PPAs, swing contracts, index contracts, spreads, weather derivatives).
Be comfortable with big data and demonstrate a flair for creating innovative solutions to meet changing needs and requirements.
As a senior member of the team you will play an important part in fostering a culture of innovation and improvement, helping generate ideas and seeing them brought to fruition. You will work closely with the Head of Credit, assisting with identifying the priorities of the team and ensuring they are being met, and acting in a deputising capacity when necessary.

You have

We are looking for someone who will play a leading role in supporting the business by providing robust credit rating assessment, portfolio monitoring / rating reviews, and rating methodology expertise.

Proven experience of using a combination of internal and external sources to recommend credit ratings to internal committees.

Portfolio monitoring and review, working with origination to ensure information flow, providing annual and ad hoc creditworthiness reviews.

Proactive contribution to internal rating procedures, demonstration of best practice, internal and external rating approach benchmarking.

Problem solving and mathematical modelling of credit exposures inherent in wholesale energy markets.

Financial and credit analysis experience, experience of managing due diligence processes and running meetings.

About SSE

SSE has a bold ambition – to be a leading energy company in a net zero world. We're building the world's largest offshore wind farm. Transforming the grid to provide greener electricity for millions of people and investing over £20 billion in homegrown energy, with £20 billion more in the pipeline.

secure the energy needed to power customers' lives, while creating value for SSE. Our Energy Markets trading teams buy the fuel needed to deliver cleaner energy and sell power generated in our wind farm, hydro and thermal assets back to the markets.

Flexible benefits to fit your life

Enjoy discounts on private healthcare and gym memberships. Wellbeing benefits like a free online GP and 24 / 7 counselling service. Interest-free loans on tech and transport season tickets, or a new bike with our Cycle to Work scheme. As well as generous family entitlements such as maternity and adoption pay, and paternity leave.

Work with an equal opportunity employer

SSE will make any reasonable adjustments you need to ensure that your application and experience with us is positive. please contact Lynsey at to discuss how we can support you.

We're dedicated to fostering an open and inclusive workplace where people from all backgrounds can thrive. We create equal opportunities for everyone to succeed and especially welcome applications from those who may not be well represented in our workforce or industry.

Ready to apply?

Start your online application using the Apply Now box on this page. We only accept applications made online. We'll be in touch after the closing date to let you know if we'll be taking your application further. If you're offered a role with SSE, you'll need to complete a criminality check and a credit check before you start work.