Senior Trading Controller

TOTSA TotalEnergies Trading SA

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  • Publication date:

    22 February 2024
  • Workload:

    100%
  • Contract type:

    Permanent position
  • Place of work:

    GENEVE

Senior Trading Controller

Land

Schweiz

Ort

Switzerland

Ort des Arbeitsplatzes

GENEVE-WTC1(CHE)

Unternehmen des Arbeitgebers

TotalEnergies Gas & Power Ltd

Domain

Finance

Art des Auftrags

Unbefristeter Vertrag

Erfahrung

Mindestens 6 Jahre

Profil der Bewerberin/des Bewerbers

  • You are qualified / Part-qualified accountant
  • You are familiar with UK and international accounting standards
  • You have a strong knowledge of energy trading and mark-to-market valuations
  • You have 5 to 10-year of experience in a Trading company, either Controlling or Reporting department.
  • Advanced IT application and data management skills (Excel, Word, Sun and bespoke trading systems), excellent spreadsheet modelling, numeracy and financial mathematics skills.
  • You have great communication and organisational skills.
  • You are able to proactively look for help to address problems and offer solutions.
  • You are able to work to deadlines under some time pressure.
  • Self-motivation to continuously enhance processes and control procedures.
  • Good temperament with ability to respond calmly, but effectively, to problems.
  • Excellent interaction skills and ability to deliver through others to promote a Global Trading Control organisation and mindset.

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.

Aktivitäten

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. 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.

Job dimension

The Trading activity accounts for more than 90% of Gas and Power’s revenue, representing over £15 billion per annum of delivered natural gas, LNG, power, coal and emissions.

Transactions average in excess of 10,000 per month covering both intra-desk and external counterparty deals. There are over 400 counterparts for these operations and contracts take various forms (such as long-term contracts, forwards, futures, options, swaps, transportation and storage).

This position involves extracting information from the Trading system and demands a comprehensive understanding of a complex portfolio from various angles. To perform optimally, the individual in this role must establish effective relationships with various departments, particularly the Middle Office, Back Office, and the entire Finance division. Making sense of the gathered, processed, and reported information is crucial, and this process relies on the collaboration and support of numerous business units.

The reports and reconciliations generated, frequently under time constraints, will be forwarded to Finance Management in the London and Paris head offices. These documents will be used and evaluated by Internal Control and external audit.

What you will do:

As a Senior Trading Controller, you will guarantee the presentation of a 'true and fair' view of Trading results, maintain consistency in the reported results across different systems, and support management in understanding the factors influencing the outcomes. The role is designed to address the following inquiries:

1. What are the results as per the different systems?

2. What ought to be the expected results?

3. Why do the results align with the current outcome?

Thus, your main responsibilities will be the following:

Reporting

Represent the gross trading marked-to-market results for all transactions in a form suitable for publication to management both locally and to head office (monthly) and ultimately to shareholders and financial markets (quarterly). This requires understanding of International GAAP, UK FRS 101 and US reporting requirements (importantly the application of Mark to Market valuation and the reporting of trading operations under IAS 39).

Represent trading contractual obligations in the off-balance-sheet disclosure.

Range of transactions: flat and spot exchange deals; physical and financial futures, energy imbalance, storage, swaps, options, brokerage, transportation, shipping.

Control

Reconcile this ‘financial’ perspective of the results to the ‘Trading’ perspective used by the traders and trading management in order to ensure that the reported results ultimately generate invoices and cash flows. Internal management, external audit and SOX control requirements must be satisfied and continuously enhanced.

Understand the deliverables from Trading Accounting, in particular actuals vs accruals, prior-period adjustments and futures reconciliations, ensuring alignment with the Book to facilitate a smooth MTM reconciliation process.

Pro-active to ensure data consistency and accuracy (and challenge as required) in order to optimise outcome and facilitate month-end data flow.

Apply best practice management of information by a rigorous approach to control and analysis.

Analysis

Analyse the trading activity from various perspectives to enhance the understanding, explanation and communication of results (group vs non-group, transaction types, financial and non-financial information such as delivered and traded volumes, delivery points…) utilising the trading book analysis tool and various reports available from Trading.

Provide insightful information to Corporate Reporting and Accounting for efficient communication at Branch and Group level.

Ability to drive thorough investigations and provide solutions on specific enquiries/questions raised by Trading Control Manager, Finance Management or auditors (external or internal).

Development

Assist in developing and enhancing current systems and procedures to enable the timely and systematic production of monthly trading results, and the reconciliation of financial accounts to the trade book (covering realised delivered result, unrealised forward mark-to-market valuation, and off balance sheet contractual obligations disclosure).

Sources of information

  • Knowledge of the gas and power industry and its physical and financial features.
  • Knowledge of Total Gas & Power’s position within this market.
  • Trading data: Trading Book, New Ana.
  • Accounting data: Sun, Vision BI, and Simba posting tables.
  • Provide Trading Control duties for Swiss / Singapore / Australia trading businesses.

Develop and maintain close relationships, influence and communication links with all trading floor departments, particularly Front, Middle and Back Offices, IT Development, other support functions (such as Legal / Finance departments) and within the Total Group to help achieve objectives efficiently.

Kontext & Umgebung

Our Culture

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.

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