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
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
Industries
Oil and Gas
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