Derivative & Market Risk Analyst

Context & Environment

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.

Today, thanks to an international openness, a political and economic stability and strong competences in the financing of commodity trading and shipping, Switzerland has a leading position in international commodity trade.

This is why TotalEnergies installed naturally its European trading hub across oil and biofuels, natural gas and electricity in Geneva, which now bring together very large teams around trading activities: Trading & Shipping (T&S) and TotalEnergies Gas and Power (TGP). 

T&S is a trading company in charge of all physical trading and shipping of crude oil and refined products on behalf of the TotalEnergies Company. It has been an active participant all over the supply chain as well as on the derivatives paper market in order to manage the market risk for a long time). As such, it operates in fast-evolving market dynamics influenced by internal and external factors that require constant adaptation and evolution. 

Activities

Within TotalEnergies Trading & Shipping (TOTSA) in Geneva, we are looking for a Derivative & Market Risk Analyst to join the Market Risk Control team.

The position is at the interface between the Front Office, the Finance department and the company's management. The Middle Office works in a demanding and particularly reactive environment, which requires an excellent vision of the Derivatives Trading activities. Through recurring tasks, one-off studies and developments, this position offers a varied and dynamic work environment linked to the diversity of financial operations and market fluctuations.

Key responsibilities

Derivatives Middle Office provides daily comprehensive monitoring of market activities which revolves around three themes:

1.- Monitoring exposure and market risks incurred by trading portfolios.

 2.- Calculation and publication of daily results.

 3.- Support and assistance for derivatives traders 

Monitoring exposure and market risks: 

The Middle Office analyses all transactions processed the previous trading day (transactions in over-the-counter or concluded on organized markets ). It monitors daily variations in the books and measure the impact on various risk factors. It studies the overall exposure of profit centers and their sensitivity to market fluctuations especially through a VAR /STRESS TEST analysis. It ensures compliance with the limits delegated to “Trading” and provides the management with indicators.

Calculation and publication of daily results: 

The Middle Office measures the daily unit performance and exercise control over the consistency of information available: characteristics of individual operations and valuation parameters. He is in charge of validating valuation curves or "MTM" retained by traders (consistency check on price structures and comparison with external sources for the most liquid indices). It sets each day the overall outcome of each profit center and reports to management.

Support and trading support: 

The middle office financial analyst also participates in the development and validation of information systems in collaboration with IT teams and financial engineering (testing and validation of the transaction pricing models, exposure tracking tools). It supports the traders through statistical analysis, quantitative performance of different trading strategies undertaken and develops management support tools. The Derivatives Middle Office Analyst will participate to the daily tasks described above and will analyse and implement new risk tools for management and traders.

Candidate Profile

• Master’s degree in one of the following areas: Quantitative Finance / Financial Engineering with a solid quantitative basis and knowledge of derivatives and modelling of stochastic processes.
• High level Python programming skills combined with excellent mathematical background. Excel proficiency, SQL database & VBA required.
• Knowledge in commodities market and derivatives instruments (option pricing models / swap / future).
• Operationally responsive and able to work in project mode.
• Able to work in an evolving environment where pressure and urgency are daily occurrences.
• Analytical mind that allows you to have a thorough comprehension of trading and marketing activities and to present complex problems in a precise and concise way.
• Fluently speak English. Ability to speak French will be an advantage.
• Working as a team player, you have excellent attitude towards work, being resilient, and goal oriented with a keen willingness to learn.
• Communicator with the ability to establish strong relationships with key stakeholders.
• Ability to work under pressure, in emergency and doing multi-task altogether.

Additional Information

Domain: Finance

Type of contract: Regular position

Experience: Minimum 3 years

Employer company: TOTSA TotalEnergies Trading SA