Middle Office Analyst – Gas and LNG

Context & Environment

We are committed to meet the energy needs of a growing population and we are committed to the energy transition. The volatility of the energy trading markets requires excellence in risk management and a culture of innovation. We are fully embracing the digital revolution.
Our people flourish in an environment that promotes expertise, entrepreneurship spirit, agility and a purpose-driven culture, generating boundless opportunities to learn, grow and achieve collaborative success.
Reinforcing the competencies of our people is a key pillar of our culture: we train our people to ensure their development and we pledge to encourage safety in all our actions.
We look for passion, ambition and open-mindedness. While we evolve in a demanding industry that requests to be always on the edge, we cultivate a friendly workplace where our people feel good, where team spirit and respect guide our daily routine, where the diversity of our people and their skills create a nourishing experience for all of us.

The Middle Office Analyst Gas and LNG is part of the Global Risk Control team involving Houston, Geneva, and Singapore. The team works closely with Front Office, Operations, Back Office, Finance, Compliance, and Trading System teams. The team works across locations and product types including natural gas, LNG, shale gas, pipeline, storage, etc.

As a Middle Office Analyst, you will be responsible for calculating profits and losses and for monitoring the risks of the trading department. The team is also responsible for all aspects of market risk control, such as risk identification, measurement, monitoring and disclosure across various classes of energy commodity assets.

The Top Management of Gas division follows and controls the trading activity through the Middle Office reports.

Activities

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.

Candidates with disabilities are encouraged to apply. We will provide necessary accommodations upon request.

Candidate Profile

• You are a University Degree holder in Business/Economics, Engineering or Science 
• You have an excellent understanding of the gas and LNG markets 
• Comprehensive understanding of risk management methodologies and valuation models.
• Proficient in Excel, VBA, and Python coding skills, high levels of numeracy and computer literacy. 
• Good communication and social skills and ability to coordinate communication and processes between business, customers and IT.
• Fluency in English is required French will be a plus.
• Strong drive to improve processes and systems  
• You are recognized for your high level of engagement, flexibility, reliability, and strong team-player mentality

Additional Information

TotalEnergies has developed a strong expertise in oil and biofuels, natural gas, LNG, 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.