Operational Compliance Analyst

☞ TotalEnergies

View: 193

Update day: 25-04-2024

Location: Genève Genève GE

Category: Legal / Contracts

Industry: Énergie et exploitation des ressources naturelles

Job type: Durée indeterminée

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Job content

Finance
GENEVE-WTC1(CHE)
Switzerland

Job Description

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 (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.
We are looking to hire an Operational Compliance Analyst to join TGP who will be working in the Operational Compliance Team (OPC) and report to the Head of Operational Compliance.

What you will do

You will work in the OPC team under the risk control department and will be in charge of the day-to-day operational regulatory activities and risk mitigation techniques. Daily tasks would include:
  • Analysis of the desk positions physical and financial, spec and hedge.
  • Calculation of the daily notional value for the trading activities in Europe and Asia.
  • Reconcile trades with the counterparty and reduce any discrepancies found.
  • To ensure the completion and reporting of day-today activity to the regulators and analyse the feedbacks received from the regulators.
  • Work closely with Middle Office and Back Office, Finance, Credit, Legal & Compliance Departments.
  • Work closely with employees and market trade data from other sites (Geneva, Paris, Houston, Singapore).
  • Update existing and create new innovative processes using Business Intelligence Tools.
  • Provide support with the management of Regulatory projects and act as Business Project Manager
  • Support the definition of TGP’s operational procedures and compliance framework.
  • Report to Head of Operational Compliance any breach in the daily compliance process.
  • Deal with the daily compliance issues and direct them when appropriate to existing channels for investigation and resolution.
  • Maintain appropriate documentation, records and reports for review by the Auditors or the regulators.
  • Data analysis for Initial Margin and Collateral reports and implement regulatory models (SPAN model, SIMM model).

Context and environment

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 have to be obeyed at all times. 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) are the main four regulations TGP is reporting for.

You will work in an environment with a high potential business impact while assisting the OPC team to adapt its risk control framework and tools to the new financial and physical regulations.
This will require the analyst to understand the risk mitigation processes, document & update the new procedures relating to operational compliance and help develop responses to new regulatory environments.

You will have the opportunity to discover key European and world trade reporting regulations and play an active role to ensure Middle Office, Back-office and Finance provide a compliant and accurate operational result.
Most importantly to ensure that the controls in place are up to date, adapted and appropriate to the activity and the current regulatory practices.

Candidate profile

  • You hold a Degree in Economics/Finance/Business/Mathematics or Quantitative discipline. A numerical Masters Degree – Science (MSc) or Engineering (MEng) is desirable.
  • Curiosity and interest in energy business
  • Strong and clear communication skills
  • Comfortable to write and speak in English
  • Organised and rigorous
  • Strong analytical and problem solving skills
  • Proactive
  • Interpersonal skills
  • Able to work under time pressure

At TotalEnergies, we believe that our employees’ fulfilment has its roots in the wealth of the experiences they are offered. We are an equal opportunity employer committed to respecting diversity and inclusion in the workplace.
Applicants will receive consideration for employment without regard for race, color, gender, religion, national origin, disability, military status, age, marital status, sexual orientation, gender identity, genetic information or any other protected group status

Offer ID

47346BR

Metier

Financial Middle / Back Office

Region, department, area

Switzerland

Employment type

Regular position

Experience level required

Less than 3 years

Branch

Gas Renewables And Power
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Deadline: 09-06-2024

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