Middle Office Analyst, Power

TotalEnergies Group; Houston (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

TotalEnergies Trading & Shipping in Houston seeks a Risk Control Analyst to measure, analyze, and monitor P&L, exposure, and VaR across energy desks. You will ensure compliance with trading limits, provide independent risk valuation, and support regulatory controls with transparent reporting.

You will work with Front Office, Operations, Back Office, Finance, and Compliance, leveraging Excel, SQL, Python, and BI tools to improve risk reporting.

Qualifications

• Degree in economics, finance, business, mathematics, or another quantitative discipline.
• Solid understanding of risk‑management methodologies and valuation models.
• High levels of numeracy and computer literacy.
• Strong accuracy and efficiency under deadlines.
• Excellent analytical and problem‑solving skills.

Responsibilities

• Analyze, model, and report market risk for trading activities across ISO markets and exchange‑traded deals.
• Develop and maintain risk reporting and analytics to communicate positions, P&L, and market risk to traders and management.
• Coordinate deal data checks, price validation, curve updates, and data reconciliation to ensure data integrity.
• Provide insights into risk reporting processes, exposure quantification, and forward price‑movement analysis for multi‑product trading activities.
• Collaborate with Traders to quantify and explain portfolio risk drivers.
• Contribute to senior‑management reporting on trading results and positions.

Skills

Market risk analysis

Data analysis

Excel

SQL

Python

Risk reporting

Communication

Team collaboration

Education

Quantitative degree (econ/finance/math)

Tools

Excel

SQL

Python

BI platforms

Job description

The Risk Control Analyst operates in a fast‑paced, dynamic trading environment where time‑sensitive, business‑critical activities require rapid analysis and immediate report generation. As part of the Global Risk Control team spanning Houston, Geneva, and Singapore, the analyst works closely with Front Office, Operations, Back Office, Finance, Compliance, and Trading Systems teams across a wide range of products, including natural gas, NGL, LPG, shale gas, LNG, power, emissions, and dry bulk. The Middle Office is responsible for calculating profits and losses and managing the trading department’s risk, encompassing risk identification, measurement, monitoring, and reporting across multiple energy‑commodity asset classes. Senior management within the Gas branch relies on Middle Office reporting to oversee and control trading activity.

The job holder will work within the Global Risk Control department under the supervision of the Middle Office Supervisor – Power in Houston, focusing on measuring, analyzing, and monitoring the P&L, exposure, and Value at Risk of the trading desks. This position is based in Houston with oversight of both global and U.S. energy markets. The role is responsible for ensuring full compliance with internal trading limits while providing accurate, independent analysis, valuation, and reporting of risk positions and trading results. It also supports external regulatory compliance by maintaining transparent, reliable controls and documentation across all relevant activities.

As part of the Global Risk Control Organization, activities involve contributing to any Risk Control process of the entities covered by the Global team:

• Analyze, model, and report market risk for all trading activities. Assess and monitor physical and financial trades across ISO markets (ERCOT, CAISO, PJM, MISO, SPP) and exchange‑traded deals. Develop and maintain risk reporting and analytics to communicate positions, P&L, and market risk to traders and management.
• Analyze forward pricing trends and congestion patterns across different ISOs.
• Apply a strong understanding of power‑market fundamentals, including LMPs, congestion, hedging, load, and generation.
• Coordinate and review deal and price data in the trading system by performing deal checks, price validation, curve updates, and data reconciliation. Monitor timely deal capture, internal trading limits, and risk‑policy requirements to ensure data integrity and representativeness of transactions.
• Provide critical insight into risk‑reporting processes, exposure quantification, and forward price‑movement analysis for TGPNA’s multi‑product trading activities. Maintain, enhance, and review risk models; test new risk calculations; evaluate model assumptions; and recommend improvements to strengthen valuation and risk quantification. Communicate effectively with Front Office, Operations, Back Office, and Finance on inputs and assumptions.
• Work closely with Traders to quantify and explain portfolio risk drivers.
• Contribute to senior‑management reporting on trading results and positions.
• Collaborate with Back Office, Finance, Credit, Legal & Compliance, and Business Unit Control to ensure strong controls, operational efficiency, and policy/limit compliance.
• Coordinate with Compliance to ensure regulatory requirements are met.
• Support, identify, and assist in implementing process improvements, from system testing and implementation to desk‑level enhancements.
• Improve reporting tools and processes using Excel, SQL, Python, and BI platforms.
• Identify and communicate operational risks, and help define risk‑mitigation measures and priorities.
• Degree in economics, finance, business, mathematics, or another quantitative discipline.
• Solid understanding of risk‑management methodologies and valuation models.
• High levels of numeracy and computer literacy.
• Strong accuracy and efficiency when working under deadlines.
• Excellent analytical and problem‑solving skills.
• Flexibility regarding working hours in a fast‑paced environment.
• Strong interpersonal skills and ability to work effectively with diverse teams.

What We Offer

At TotalEnergies we know that you're more than what's on your CV. Diversity of perspectives & experiences make us stronger.

About the company:

TotalEnergies is a multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well‑being of people.

TotalEnergies Trading & Shipping (T&S),

an international trading company, puts its expertise to use in the global energy markets. With its biomass blending and trading activity, TotalEnergies T&S is an active participant in the development of sustainable biofuels. Our maritime transport expertise also helps to reduce the carbon footprint of sea transportation and we recently announced the time chartering of new vessels equipped with LNG propulsion.

Our Culture:

We are committed to meet the energy needs of a growing population while fulfilling our ambition to be a major player in the energy transition. The volatility of the energy trading markets requires excellence in risk management and a culture of innovation.

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 while ensuring safety in all our operations.

We look for passion, ambition and open‑mindedness. While we evolve in a demanding and ever‑changing industry, we cultivate a friendly workplace where team spirit and respect guide our daily routine, and where the diversity of our people and their skills create a nourishing experience for all of us.

Please note:

TotalEnergies is unable to sponsor employment visas or consider candidates on time‑limited visa status for this position.

Ready to Power the Future of Energy Trading?