Risk Control Analyst (Power)

TotalEnergies • Houston, TX

261d

About The Position

The Risk Control Analyst is part of the Global Risk Control team involving Houston, London, and Singapore. The Risk Control Analyst works closely with Front Office, Operations, Back Office, Finance, Compliance, and Trading System teams. The team works across locations and product types including Natural gas, NGL, LNG, Power and Dry bulk products. The Middle Office is responsible for calculating profits and losses and for managing the risks of the trading department. It is responsible for all aspects of market risk control, such as risk identification, measurement, monitoring and disclosure across various classes of energy commodity assets.

Requirements

• Degree qualified in economics/finance/business/mathematics or quantitative discipline.
• Comprehensive understanding of risk management methodologies and valuation models.
• Solid understanding of MTM, VaR and quantifying position exposures and other Risk Metrics.
• Power Risk Management experience particularly in North American power ISOs, more specifically ERCOT, PJM and CAISO.
• Strong understanding of Power pricing structure including experience in validating power prices with external sources.
• Proficiency in Power BI, Python, or other data management software like Alteryx.
• High degree of accuracy and efficiency under set deadlines.
• Strong analytical and problem solving skills.
• High levels of flexibility with regard to working hours.
• Good interpersonal skills.

Responsibilities

• Lead the risk management analysis, monitoring, and reporting for Power trading activities including open positions, valuation controls, MTM valuation.
• Coordinate and review deal and price in trading system by performing deal check, price validation, curve update, and data reconciliation.
• Monitor timely deal capture, internal trading limits, and risk policy requirements to ensure the representativeness and integrity of transactions in the trading system.
• Provide critical thinking around risk reporting processes, quantification, and analysis of commodity exposure and forward price movements.
• Maintain, enhance, and review risk models. Test new risk calculations, evaluate model assumptions against fundamentals.
• Communicate effectively with Front Office, Operation, Back Office, and Finance team on inputs and assumptions.
• Work closely with Traders to quantify and explain the sources of risk in their portfolios.
• Contribute to the reporting of Trading Result/Position to Senior management.
• Work closely with Back Office, Finance, Credit, Legal & Compliance, Business Unit Control to ensure best control practices.
• Coordinate with Compliance to ensure compliance requirements are met.
• Support, identify, and assist in the implementation of process improvement.
• Identify and communicate operational risk, define risk mitigating measures and priorities.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Oil and Gas Extraction
• Education Level: Bachelor's degree