Middle Office Analyst - Gas and LNG

Middle Office Analyst - Gas and LNG

TotalEnergies

Geneva, Switzerland

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.

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