TOTAL recruits an Operational Compliance Analyst Intern – Switzerland
Job Description
The OPC intern will work in the OPC team under the risk control department and is in charge of the day to day operational regulatory activities and risk mitigation techniques. Daily tasks would include:
- Analysis of the desk positions physical and financial, spec and hedge
- Calculation of the daily notional value for the trading activities in London and Asia
- Reconcile trades with the counterparty and reduce any discrepancies found
- To ensure the completion and reporting of day-today activity to the regulators and analyse the feedbacks received from the regulators
- Work closely with Middle Office and Back Office, Finance, Credit, Legal & Compliance Departments
- Work closely with employees and market trade data from other sites (Geneva, Paris, Houston, Singapore)
- Update existing and create new innovative processes using Business Intelligence Tools.
- Provide support with the management of Regulatory projects and act as Business Project Manager
- Support the definition of TGP’s operational procedures and compliance framework
- Report to Head of Operational Compliance any breach in the daily compliance process
- Deal with the daily compliance issues and direct them when appropriate to existing channels for investigation and resolution.
- Maintain appropriate documentation, records and reports for review by the Auditors or the regulators.
Context and environment
Total Gas & Power Limited, London, Meyrin – Geneva Branch (TGP) is a wholly owned subsidiary of the Total Group responsible for energy Marketing and Trading activities in the UK. The position is located in Geneva, Switzerland on the trading floor. 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 Group trading guidelines.
The Intern will be working in the Operational Compliance Team (OPC) and report to the Operational Compliance Manager.
TGP operates in very volatile markets. The activity carries large markets exposure which must be closely monitored and controlled at any time. The regulations in place in each market have to be obeyed by law and therefore our role is to understand them and identifying the changes affecting TGP’s trading activity.
- The European Market Infrastructure Regulation (EMIR),
- the Regulation on Energy Market Integrity and Transparency (REMIT),
- the Electricity Commission (ELCom) and
- Markets in Financial Instruments Directive (MiFID II) are the main four regulations TGP is reporting for.
The internship will focus on the quantitative aspects of regulatory models, implementations of the regulatory limits, following the speculative and hedge positions of the different desks, as well as regulatory models related to the cash. The internship is highly data oriented under regulatory rules and close to the business.
The Intern will work in an environment with a high potential business impact while assisting the OPC team to adapt its risk control framework and tools to the new financial and physical regulations.
This will require the analyst to understand the risk mitigation processes, document & update the new procedures relating to operational compliance and help develop responses to new regulatory environments.
The role holder will have the opportunity to discover key European and world trade reporting regulations and play an active role in to ensure Middle Office, Back-office and Finance provide a compliant and accurate operational result.
Most importantly to ensure that the controls in place are up to date and adapted and appropriate to the activity and the current regulatory practices.
Candidate profile
- Degree qualified in Economics/Finance/Business/Mathematics or Quantitative discipline. A numerical Masters Degree – Science (MSc) or Engineering (MEng) desirable.
- Prior work experience: 0 – 2 years
- Only Universitiy Sponsored applications will be considered
Competencies required :
As the Intern will be facing both financial and non-financial sides of the business, the following traits are particularly key:
- Strong and clear communication skills
- Comfortable to write in English
- Organised and rigorous
- Strong analytical and problem solving skills
- Initiative
- Interpersonal skills
- High levels of flexibility with regard working hours
- Curiosity and interest in energy business
Skills Required :
The Intern will play an active role for the accuracy and completeness of all compliance control reports of the risk control department, the following skills are important:
- Strong English and/or French Language knowledge
- Bilingual
- Comprehensive understanding of risk management methodologies
- Comfortable in understanding legal text and ability to transpose the documentations on the day to day activity
- High levels of numeracy and computer literacy
- High degree of accuracy and ability to work under pressure under daily deadlines
- Ability to use Advanced Microsoft Excel, Power Pivot and including excel functions
- Ability to use other Quantitative software’s
Métier
Financial Middle / Back Office
Employment type
Internship
Experience level required
0 – 3 years
Affiliate (if known)
TOTAL GAS & POWER LTD
Branch
Gas Renewables And Power
Interview location
GENEVE
About us / company profile
Give your best to better energy and make the commitment with Total. With over 500-plus professions in 130 countries, we offer high safety and environmental standards, strong ethical values, an innovation culture and wide-ranging career development. Be part of the global team whose mission is already shared by 100,000 employees: to make energy better each and every day.
Trading Shipping :
One of the most active players in the international oil markets
We have built a vast network of customers and suppliers worldwide, enabling us to trade on a daily basis with national oil companies, producers, other oil majors, refiners, traders, distributors and end-users.
We actively trade most crude grades and nearly all qualities of refined products, from high sulphur cracked fuel oil to gasoline components.
We have developed a set of trading strategies and expertise, which allows us to respond permanently to market changes and opportunities.
Through our commitment to the oil markets, we have become a major player in all their various aspects: physical, futures and derivatives.
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