Job Posting for Middle Office Supervisor (Power) at TotalEnergies

Pays

Etats-Unis

Lieu

USA

Lieu de travail

HOUSTON-LOUISIANA STREET(USA)

Domaine

Finance

Type de contrat

CDI

Expérience

Minimum 3 ans

Profil du candidat

You are someone who possesses the following experience and credentials:

Bachelor’s degree in accounting, finance, mathematics, economics or business-related major (required);
Masters degree and/or certification in related concentration (preferred);
Strong understanding of the energy industry, commodity trading, macroeconomics, risk analysis, and modern finance;
Minimum of 5 years of experience in mid-office commodity trading organization or on a commodity trading team; Prior supervisory or team lead experience (preferred);
Prior Experience with North American Power Markets including familiarity with ISOs/RTOs, power fundamentals, financial and physical power trading, congestion, and other power produces;
High level of analytical skills;
Excellent interpersonal, speaking, and communication skills;

Activités

Your missions as a Middle Office Supervisor include:

Work in close cooperation with Front Office to facilitate the continuing growth of the business by providing accurate information on the potential risk impact of transactions; Develop solid risk understanding of the market structure and key commercial strategies deployed in the market; Leading effective risk analysis that support informed commercial decision making;
Direct supervision of risk control analysts in the Middle Office department. Managing staffing resources and department activities. Leading, coaching, and developing middle office analysts and conduct performance appraisals for all direct reports;
Work closely with Back Office, Finance, Credit, Legal, and Internal Control to ensure that the risk control practices and policy/limit are in alignment from a compliance point of view; Partner with other leaders to drive necessary operations excellence improvements. Liaise with Trading Systems to ensure the enhancement of the trading software to meet business needs;
Monitor internal limits for Front Office business and ensure limits are followed, complied with, and properly documented; Analyze non-standard transaction requests and/or advise senior management of such approvals.
Develop and implement Middle Office risk policies, procedures and initiatives to managing continuing growth of the business; Identify new solutions aimed at improving processes and controls to eliminate identified risks or gaps; Ensure that all risk controls and reporting required by existing governmental regulations are performed.
Act as the primary liaison for all trading enquiries; Provide help to the traders to model complex trades in the BOOK for the risk to be managed; Support team reporting needs and ensure reporting is complete and follow up are documented.
Lead Middle Office team to conduct accurate and independent analysis, valuation, and reporting of risk positions and trading results on a daily basis while ensuring compliance with all trading limits: ensure processes, procedures, limits are in place that evolve with the business; Responsible for the reporting of trading results and positions to senior management.
Observe & report operational risk incidents including near miss & failure events; Challenge employees to self-monitor and reflect on latent conditions that engender error
As part of Global Risk Control team, work in close cooperation with MO teams in Geneva and Singapore; provide support to TGP global control management, processes, and procedures.
Perform as the team lead and North American Power subject matter expert while working closely with middle office related to Natural Gas, LNG, Dry Bulks, and other commodity teams

DIMENSIONS

Leads and develops a team of Middle Office Analysts (between 3 - 5 individuals) that are responsible for Position and Profit and Loss (PnL) reporting.
Monitors and provides risk assessment, analytics, and controls for business activities related to TGPNA’s fast-growing and evolving power business. TGPNA’s power segment consists of flexible power generation (1.5 GW), cash/real-time trading, market access trading for select ISOs/RTOs, and structured deal transactions.

Contexte et environnement

The Company is responsible for the Group’s gas, power, LNG, Dry, and LPG trading and marketing activities in North America. Fast-paced, dynamic environment with time-sensitive, business critical activities requiring instantaneous analyses and communication. The TGPNA middle office team consistent of more than ten middle office professionals dedicated to power, natural gas, dry bulks, and other products.

PURPOSES

Responsible for TGPNA (Power) trading risk Position and PNL reporting: Ensure TGPNA (Power) trading activities are fully and accurately captured, modelled, valued, and reported;
Lead effective risk analysis that support informed commercial decision making and implementation; effectively communicate risk considerations with senior management;
Assess and provide Risk Analytics support including but not limited to Value-at-Risk (VaR), Max Loss, and other metrics;
Provide valuable risk insight and updates to the Head of Risk Control and the Risk Committee;
Account for all TGPNA Middle Office control activities; Manage and report control issues with transparency; Ensure compliance with all trading limits: ensure control processes, procedures, limits are in place and evolved with the business;
Ensure the accuracy and completeness of various reports and controls related to regulatory requirements;
Overall management of Middle Office staffing resources and department activities as well as conduct performance appraisals for all direct reports; Coach and develop analyst team to advance in role effectiveness and career aspirations. Establish and maintain positive and effective working relationships;
Directly involved in the optimization and enhancement of Middle Office

At TotalEnergies we know that you're more than what's on your CV. If this opportunity excites you, but your profile doesn't exactly match the description above...give it a try & apply. Diversity of perspectives & experiences make us stronger.

TotalEnergies celebrates diversity and is committed to Equal Employment Opportunity:

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, protected veteran status, disability status or any other category protected under applicable federal, state or local law. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures.

All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs.

TotalEnergies believes that diversity and inclusion among our teammates is critical to our success as a global company, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool.

About the company:
TotalEnergies is a multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

TotalEnergies Gas and Power (TGP) is the trading arm of TotalEnergies in the field of low carbon energies (mainly gas, LNG and power). As such it operates in fast-evolving market dynamics influenced by internal and external factors that require constant adaptation and evolution. Uncertainties specific to the trading environment (volatility of prices, supply & demand mismatches) are coupled with those coming from the broader energy sector (climate change policies, changes in the energy mix, developments of new energy sources, etc). 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.

Our Culture:
We are committed to meet the energy needs of a growing population while fulfilling our ambition to be a major player in the energy transition. The volatility of the energy trading markets requires excellence in risk management and a culture of innovation.

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 while ensuring safety in all our operations.

We look for passion, ambition and open-mindedness. While we evolve in a demanding and ever-changing industry, we cultivate a friendly workplace where team spirit and respect guide our daily routine, and where the diversity of our people and their skills create a nourishing experience for all of us.

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 while ensuring safety in all our operations.

We look for passion, ambition and open-mindedness. While we evolve in a demanding and ever-changing industry, we cultivate a friendly workplace where team spirit and respect guide our daily routine, and where the diversity of our people and their skills create a nourishing experience for all of us.

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