Internship - Operational Compliance Analyst

at  TotalEnergies

DESIRED START DATE: Q3 2024

Take your first steps into a fulfilling career and join our team as an intern!
Are you looking to grow your career in the vibrant world of energy trading?
Are you an IT savvy person with a quantitative background coupled with a strong business acumen?
If yes, we would love to see your profile as we are looking for our next intern to join our Operational Compliance team for a 6-month period.

ABOUT US

TotalEnergies has developed a strong expertise in oil and biofuels, natural gas and electricity trading. Trading entities are based in Geneva, Paris, Houston and Singapore.
TotalEnergies installed its European trading hub across in Geneva, which now bring together very large teams around trading activities: TotalEnergies Trading & Shipping (T&S) and TotalEnergies Gas and Power (TGP).
TotalEnergies Gas and Power (TGP) is the trading arm of TotalEnergies in the field of low carbon energies. As such, it operates in fast-evolving market dynamics influenced by internal and external factors that require constant adaptation and evolution.
The Trading division in Geneva is responsible for optimising the purchase & sales portfolios of gas, electricity, CO2 emissions, dry bulk, and LNG in all recognised markets worldwide, in compliance with the Company trading guidelines.
In such context, TGP helps to ensure growth and profitability to a key segment of the business in order to reach the objective of Carbon Neutrality by 2050.
The Intern will be working in the Operational Compliance Team (OPC) and report to the Head of Operational Compliance. The position is located in Geneva, Switzerland on the trading floor.

WHAT YOU WILL DO

TGP operates in very volatile markets. The activity carries large markets exposure, which must be closely monitored and controlled at any time. The regulations in place in each market have to be obeyed by law and therefore our role is to understand them and identify the changes affecting TGP’s trading activity.

• The European Market Infrastructure Regulation (EMIR),
• the Regulation on Energy Market Integrity and Transparency (REMIT),
• the Electricity Commission (ELCom) and
• Markets in Financial Instruments Directive (MiFID II) are the main four regulations TGP falls under.

The internship will focus on the quantitative aspects of regulatory models, implementations of the regulatory limits, following the speculative and hedge positions of the different desks, as well as regulatory models related to the cash. The internship is highly data oriented under regulatory rules and close to the business.
You will work in an environment with a high potential business impact while assisting the OPC team to adapt its risk control framework and tools to the new financial and physical regulations.
This will require to understand the risk mitigation processes, document & update the new procedures relating to operational compliance and help develop responses to new regulatory environments.
You will have the opportunity to discover key European and world trade reporting regulations and play an active role in to ensure Middle Office, Back-office and Finance provide a compliant and accurate operational result.
Most importantly to ensure that the controls in place are up to date, adapted, and appropriate to the activity and the current regulatory practices.

You will play an active role for the accuracy and completeness of all compliance control reports of the risk control department, the following skills are important:

• You are a student enrolled in the last year of your Master degree (Mathematics, Finance, Actuarial Science, Engineering or related discipline) with a solid quantitative basis.
• You have a prior understanding of financial markets and their unique risk factors, including price volatility and market mechanisms,
• You have a prior knowledge of market regulations,
• You show proficiency in programming languages such as Python, R, or C# for data analysis, model implementation, and automation tasks,
• Ability to comprehend and manipulate sometimes intricate databases, extracting relevant insights for regulatory model analysis,
• Aptitude for proposing innovative and effective solutions to address regulatory requirements and intricate business challenges
• You have good communication skills, a can-do attitude and proactively take initiatives
• You have a high degree of accuracy and ability to work under pressure under daily deadlines.
• Only University sponsored applications will be considere

You will work in the OPC team under the risk control department and is in charge of the day-to-day operational regulatory activities and risk mitigation techniques. Daily tasks would include:

• Analysis of the desk positions physical and financial, spec and hedge
• Calculation of the daily notional value for the trading activities in Europe and Asia
• Reconcile trades with the counterparty and reduce any discrepancies found
• To ensure the completion and reporting of day-today activity to the regulators and analyse the feedbacks received from the regulators
• Work closely with Middle Office and Back Office, Finance, Credit, Legal & Compliance Departments
• Work closely with employees and market trade data from other sites (Geneva, Paris, Houston, Singapore)
• Update existing and create new innovative processes using Business Intelligence Tools.
• Provide support with the management of Regulatory projects and act as Business Project Manager
• Support the definition of TGP’s operational procedures and compliance framework
• Report to Head of Operational Compliance any breach in the daily compliance process
• Deal with the daily compliance issues and direct them when appropriate to existing channels for investigation and resolution.
• Maintain appropriate documentation, records and reports for review by the Auditors or the regulators.
• Analyse data on Initial Margin and Collaterals and implement regulatory models (SPAN model, SIMM model