Credit Risk Manager (Physical Gas)

Centrica • New York, NY

4d • $134,000 - $201,000 • Hybrid

About The Position

Centrica Energy is the global trading arm of Centrica. We trade power, gas, LNG, and renewables and connect producers, suppliers and off takers in the wholesale energy markets - and we provide our clients with the best route-to-market services available to the market today with physical and financial settlement approaches. In short, we call ourselves Energy Movers By Nature. In 2025 Centrica Energy excitedly expanded it's trading operations into the North America Gas & Power markets, and in doing so set up a new trading desk in New York. As trading activity continues to scale up, we now have a requirement for an experienced Credit Risk Manager with knowledge of the North America (NA) Gas & Power markets. Within this role, you will be working alongside the trading desk and the Legal team, you will be responsible for managing the credit risk of the NA Gas & Power trading desk, ensuring the monitoring, control, and mitigation of credit risks while supporting the development of the business strategy. The role is based out of our central New York office with 3 days per week typically based within the office. Salary range for this position: $134,000 - $201,000/Year. Actual base salary may vary based several factors, including, but not limited to, relevant experience, business needs and market demands. This role may also be eligible for bonus compensation and employee benefits.

Requirements

• Extensive experience in credit risk management from within either a commodity trading house or investment banking environment
• Prior in-depth knowledge of North America Gas and Power trading markets, with an in depth understanding of market dynamics, both physically as well as financial, key energy market players and trading practices
• Strong commercial acumen and curiosity, coupled with capacity to balance trade-off between expected revenues and risk appetite
• Proven track record of developing and implementing effective credit risk policies and procedures
• Deep knowledge of credit risk assessment methodologies, financial analysis, and risk modelling
• Strong analytical skills, with the ability to interpret complex data and make informed decisions
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across teams and present findings in a clear manner to senior management
• Sound understanding of regulatory requirements and compliance frameworks relevant to commodity trading
• Demonstrated ability to thrive in a fast-paced, dynamic environment, managing multiple priorities with a strategic mindset.

Responsibilities

• Oversee credit risk activities related to the North America Power & Gas trading portfolio, identifying potential risks and opportunities for risk mitigation whilst balancing the business expansion
• Monitor and analyse credit exposures
• Demonstrate an insightful understanding of financial accounts to review and approve credit assessments and scorings and set appropriate limits within credit appetite
• Implement and continually push the development of state-of-the-art information systems ensuring a thorough view of credit risks in cooperation with the dedicated IT and specialist quantitative teams
• Collaborate closely with trading desks, finance teams, and other stakeholders to assess credit risks associated with new and existing transactions
• Regularly review and update credit risk models, methodologies, and tools to enhance accuracy and effectiveness
• Stay abreast of market trends, regulatory changes, and industry best practices related to credit risk management in commodity trading
• Represent Centrica in negotiations with external trading counterparties regarding credit matters and demonstrate an excellent knowledge of trading documentation and credit clauses.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed