Middle Office Analyst - Gas

at  TotalEnergies

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.
What you will do

As part of the Global Middle Office team, activities involve contributing to any risk control process of the entities covered by the Global team:

• Analyse, model, and report market risk for all trading activities. Assess and monitor physical and financial trades, transportation, storage, park and loan, Options portfolio, and foreign exchange deals. Analyse mark-to-market valuations, risk positions, basis changes, and P/L results daily.
• Develop and maintain risk reporting/analytical tools to communicate position, P/L and market risk to traders and management.
• Coordinate and review deal and price in trading system by performing deal check, price validation, curve update, and data reconciliation. Monitor timely deal capture, internal trading limits, and risk policy requirements to ensure the representativeness and integrity of transactions in the trading system.
• Provide critical thinking around risk reporting processes, quantification, and analysis of commodity exposure and forward price movements for TGPL’s multi-products trading activities. Maintain, enhance, and review risk models. Test new risk calculations, evaluate model assumptions against fundamentals, and communicate suggested modelling/valuation enhancements to achieve better valuation and risk quantification. Communicate effectively with Front Office, Operation, back office and Finance team on inputs and assumptions
• Work closely with Traders to quantify and explain the sources of risk in their portfolios. Promote innovative ways of leveraging existing data monitor and manage their risks.
• Contribute to the reporting of Trading Result/ Position to Senior management.
• Work closely with Back Office, Finance, Credit, Legal & Compliance, Front-Office to improve the flow of data across department and the accuracy of analysis.

• Support, identify, and assist in implement of process improvement, from system testing and implementations to desk level process.Identify and communicate operational risk, define risk mitigating measures and priorities.

Please refer the Job description for details