JOB DIMENSIONS
• Risk Control and Analysis for Asian Trading and Marketing activities.
• TTA supports TotalEnergies’ Group Asian marketing activities in addition to international trading and marketing with TOTSA TotalEnergies Trading SA (TOTSA) in Crude Oil, Fuel Oil, Mid-Distillates, Gasoline, Naphtha products, and Petrochemicals, LPG and BioFuels.
• The T&S main competitive advantage comes from its ability to hedge its market risk with derivatives instruments, and the middle office is here to ensure that these hedges are done properly, on a live basis, whenever oil markets are open. Analysts give live direct hedge orders to traders for all operational changes, and timing of execution is key.
• Traders being the only contact with the market, their daily market estimates are a key input in the reporting process of the portfolio market exposure and performance. On behalf of the management, the Middle Office is therefore an important control function to challenge the estimates and make sure that there is no misrepresentation. The analyst controls every day the Asia price assessments and the deals Mark-to-markets, and quantify and explain the portfolio risk and size within the limits authorized by the management, and the performance of each deal.
ACTIVITIES
Middle Office Controls for assigned Refined Products, Bunker, Petrochemicals, Crude Oil books:
• Optimize the global hedges by analyzing the physical exposure of the different books and giving direct hedge orders to traders for all operational changes.
• Monitor and control daily trades and modifications to trades entered in Medissys and IODA for accuracy and reasonableness, particularly those that could change price exposure.
• Check the quality of the data in the information system and ensure corrections are done.
• Responsible for all daily and monthly P/L reporting.
• Monitor, control and report daily pricing for physical purchases and sales activities.
• Monitor and report physical and paper exposure.
• Control Authorized Daily Trading Limits and reports for approval by the Trading Desk Manager and Managing Director.
• Analyze, reconcile and manage TTA’s hedge instruments: Futures, OTC Swaps and Forwards with TOTSA.
• Controls every day the Asia price assessments and the deals Mark-to-markets.
• Provide statistical results, trades analysis and support needed to Trading Desks and Management.
• Interface with Operations personnel to ensure that all risk- and profit-related data in Medissys are current and correct.
• Create and maintain hedging procedures with IT department to improve reaction to the market changes.
• Reconcile monthly Medissys and accounting system financial results.
• Develop analytical programs and management tools; improving all risk and performance control processes.
• Lead new projects development and support, from the conception to the presentation and training.
