Head of Credit Risk

1 week ago

Århus, Århus Kommune, Denmark Sorth & Co Full time
Head of Credit Risk

4 weeks ago Be among the first 25 applicants

SORTH & CO search on behalf of Energi Danmark:

HEAD OF CREDIT RISK

Perfect opportunity for the ambitious risk profile.

Join a unique journey and make great use of your risk skills. Unfold your managerial skills and make a difference

Building on decades of trading expertise, Energi Danmark is one of the leading trading companies in the Nordics. When you join, you will be part of an ambitious energy trading company with over 300 employees, working alongside talented and dedicated colleagues. Energi Danmark is on a transformational journey, driving high efficiency in the energy markets and accelerating the energy transition by connecting and serving producers and consumers of renewable energy.

Energi Danmark offers an exciting and dynamic workplace that fosters high ambitions and nurtures a culture of dedication, problem-solving, and a winning mindset. As they navigate a significant transformation, you will find a lot of opportunities for growth, skill development, and specialization. Energi Danmark places great emphasis on the well-being of their employees, both inside and outside the workplace. They prioritize excellent working conditions and offer a comprehensive benefits package, including extra days off, competitive compensation, and flexible working hours to promote a healthy work-life balance.

The role is vital in ensuring an effective risk setup and providing clear guidelines and structured processes. You must be able to lead in defining and implementing strong credit risk processes so that Energi Danmark will have transparent and well-functioning risk management processes both in relation to the sales and trading organization.

Your tasks and responsibilities can be summarized as follows:

  • Develop and implement credit risk policies, frameworks, and strategies.
  • Assess the creditworthiness of counterparties (suppliers, customers, banks, trading partners).
  • Define and monitor credit limits based on risk appetite and market conditions.
  • Oversee the calculation of potential future exposure (PFE) and credit value adjustments (CVA).

Counterparty Assessment & Credit Approvals

  • Conduct financial analysis on counterparties, considering financial statements, ratings, and industry trends.
  • Assign internal credit ratings and set trading limits.
  • Approve new counterparties and review existing ones regularly.
  • Continuously monitor credit exposure, margin calls, and collateral requirements.
  • Generate risk reports for senior management and trading teams.
  • Track market developments and macroeconomic factors that could impact credit risks.

Credit Risk Mitigation Strategies

  • Develop risk mitigation strategies such as netting agreements, credit insurance, and collateral management.
  • Negotiate credit terms and agreements (ISDA/CSA, EFET, etc.).
  • Implement margining and collateralization frameworks.

Collaboration & Stakeholder Management

  • Work closely with front office (traders), legal, finance, and compliance teams to ensure credit risk is effectively integrated into trading decisions.
  • Liaise with external parties such as banks, rating agencies, and auditors.

Regulatory Compliance & Governance

  • Ensure compliance with relevant regulations (e.g., EMIR, Dodd-Frank, MiFID II).
  • Maintain documentation and audit trails for credit decisions and risk policies.
  • Engage in stress testing and scenario analysis to assess resilience under extreme conditions.

Technology & Process Improvement

  • Implement and enhance credit risk models and IT systems for real-time risk assessment.
  • Automate reporting and analytics for better decision-making.
  • Stay updated on fintech and AI-driven credit risk solutions.

We envision you hold the following profile to succeed

You probably hold a master's degree within finance/economics and have solid experience working with credit risk from a "2nd line of defense" function and understand structured credit risk management.

Preferably you have experience with both classic credit assessment of smaller companies and counterparty risk from trading. You know of relevant credit risk models and concepts such as PD, LGD, CVA, DVA, Expected Credit Loss (ECL), Wrong Way Risk, and Parent Company Guarantees (PCGs).

You have experience building robust processes, credit risk policies, and ensuring that they are implemented effectively and followed throughout the organization.

You have a hands-on approach that can lead the way in a small team, which also enables you to create strong relationships across the organization – both with salespeople, traders, and the rest of the risk team.

You have solid experience with managing tasks and projects and preferably management experience, but most importantly the ability to drive change and upskill the team.

The recruitment process is handled by SORTH & CO. Questions? Please contact Partner, Søren Kristiansen, sor@sorthco.dk.

Seniority level
  • Mid-Senior level
Employment type
  • Full-time
Job function
  • Finance and Management
  • Industries: Electric Power Transmission, Control, and Distribution and Services for Renewable Energy
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