Operational Compliance Analyst

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:

The Operational Compliance Analyst (OPC) 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:

• Be in direct contact with the Regulators and advise upon new reporting obligations
• Assist the business on new markets and products
• Ensure the completion and reporting of day-today activities and analyse the feedbacks received from the regulators
• Work closely with Front Office, Middle Office, Finance, Credit, Legal & Compliance Departments
• Coordinate with employees and market trade data from other sites (Geneva, Paris, Houston, Singapore)
• Update and create innovative processes using Business Intelligence Tools.
• Analyse legal texts and publications to interpret them for reporting purposes
• Develop and supervise long-term projects
• Participate in webinars and conferences to discuss over regulatory changes and represent TotalEnergies within the industry (EFET, DTCC, ISDA)
• Advise affiliates on their reporting requirements and provide trainings if required
• Data analysis for Initial Margin and Collateral reports and implement regulatory models (SPAN and SIMM model)
• Derive the ICE margining model used for IM using machine learning and apply it to TGP’s portfolio
• Collaborate closely with the Integrated Power Business Unit and Power origination teams to understand the company strategy for the energy transition
• Conduct in-depth studies on Power Purchase Agreements (PPAs), evaluating their terms, risks, and reporting implications, with a focus on mark to market valuation, critical for daily regulatory reporting.

TotalEnergies Gas and Power (TGP) operates in very volatile markets. The activity carries large market exposures, which must be closely monitored and controlled at any time. The regulations in place in each market are embedded into national law and must be always obeyed. 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)
• Australian Securities & Investments Commission (ASIC)
• Monetary Authority of Singapore (MAS) are the main six regulations TGP is reporting daily

As an OPC 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 hold a Master’s Degree in Economics/Finance/Business/Mathematics or Quantitative discipline. A numerical Master’s Degree – Science (MSc) or Engineering (MEng) desirable.
• You have at least a 3-year experience in the field
• Strong English and/or French Language knowledge
• Comprehensive understanding of exchange setup and its associated products
• Comfortable with comprehending legal documents and adept at integrating them into day-to-day activities
• Familiarity with the Clearing process and proficiency in modelling regulated risk parameters
• Demonstrates a high degree of accuracy and can perform effectively under pressure while meeting daily deadlines
• Proficient in utilizing Advanced Power BI and Alteryx
• Proficiency in other programming languages such as Python, R, Dax, C