Context & Environment

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, a mbition 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.

Within the 'Modeling & Analysist for Trading Strategies' department (MATS), you will be part of the 'EU & APAC Power Analysis & Modeling' (PAM) team that aims at providing a better understanding of the markets traded by TotalEnergies Gas and Power (TGP) in terms of power prices and fundamentals, finding ways to model and forecast their dynamics and dealing with complex issues requiring a quantitative approach (pricing, hedging and simulations of complex products, transactions or assets, support to the risk management). This role plays a key part in supporting the pricing and risk management of TGP's portfolio of financial and physical assets: CCGT, renewables, BESS...

In a context of great autonomy, the PAM team contributes interpretation, advisory and support to all TGP trading desks and to senior management - including COMEX members - and helps them define trading strategies and take investment decisions.

The holder of the position works with trading desks and other stakeholders throughout the organization to identify opportunities for leveraging data in order to help traders take positions on the market and more broadly the company to catch new business opportunities. This requires in-depth analysis of complex and unique problems as well as creative and strategic thinking.

The team works in close collaboration with other teams, fostering a culture of knowledge sharing and cross-functional expertise. These teams include gas market experts, meteorologists, ML/AI experts within TGP but also long term power analysts and modelling experts from the 'Flexible Power & Integration' Business Unit.

Activities

What you will do

• Develop and maintain models to analyse European power and emissions market prices and fundamental data (supply, demand, flows, generation, weather impact...) and stay up to date on market structure in terms of companies, infrastructure and regulations. This also includes PPA market, BESS economics and tolling agreements...
• In collaboration with IT and data scientists within the team, develop and maintain analytical tools and processes to improve and automate data gathering and analysis. Monitor availability of new data sources and tools to expand the current reach of the team's analytics.
• Develop and maintain predictive forecasting models using quantitative and qualitative methods. Monitor the driving forces on the markets, apply economics concepts to forecasts and price determination mechanisms and be the main point of contact for all questions and topics related to the European power and emissions market on the trade floor
• Maintain an understanding of the trading desks business models and stay up to date regarding their positions in order to develop a market view and produce trading recommendations, risk management advisories and price forecasts
• Lead discussions with trading desks and/or senior management.
• Collaborate with the other regional analysts to build cross-commodity/cross-geography analytics and forecasts and with quantitative analysts and data scientists within the team to leverage advanced analytical techniques
• Carry ad hoc analysis and projects in support of traders and senior management
• Provide written reports to global TGP trading desks and senior management, as well as to Paris headquarters, affiliates and market partners; create and update presentations on market-related topics
• Ensure analytical support to Paris headquarters (Flexible Power & Integration BU, Strategy, REN, Business Development, etc) on market-related issues.
• Help in the training and functional management of junior market analysts.

Accountabilities

• Provide in-depth analysis to identify current and future drivers and behaviours of the European power and emissions markets.
• Provide a proactive advisory view of the European power and emissions market to the relevant desks and to the management
• Help build and communicate a global view of energy markets, enhance the Company's understanding of energy markets interactions
• Promote TGP trading activities to market partners and counterparts via reports, meetings and intervention at external meetings and conferences

Candidate Profile

• You are graduated from a Master Degree in Economics, Business, Mathematics or Engineering
• You have excellent modelling and analytical skills with strong attention to detail demonstrated by at least 6 years of experience in an analytical or quantitative function;
• You have knowledge of the European power and emissions market, power systems dispatch and flows dynamics and/or understanding of operations;
• Working experience within a trading environment is required;
• Familiarity with visualization frameworks (Tableau/PowerBI/etc.) as well as programming skills (SQL/R/Python), are strongly preferred;
• Fluent in English (oral and written) - knowledge of French and/or other languages is an advantage
• You demonstrate objectivity and you are always resourceful when solving a problem is required and when there is a need to adapt quickly
• You have an innovative mind and your sense of organisation enables you to strive is a fast-paced environment
• You should be able to explain complex issues and present them in a clear and concise manner.
• Some travel to other trading offices (Houston, Singapore) and/or Paris may be required.

Additional Information

TotalEnergies values diversity, promotes individual growth and offers equal opportunity careers.

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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.