Middle Office Manager, Gas & LNG

TotalEnergies; Houston (TX); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Assurance santé

Plan de retraite

Développement professionnel

Job summary

TotalEnergies cherche un Manager Middle Office Risk & Controls pour superviser une équipe et assurer le contrôle indépendant des positions, du P&L et des rapports de risque des activités gas, LNG et sec. Le candidat collabore avec le Front Office pour évaluer les risques et soutenir la croissance.

Le rôle implique la gouvernance, le respect des exigences réglementaires et l’amélioration continue des processus et systèmes de gestion des risques dans un environnement énergétique dynamique

Qualifications

• Diplôme universitaire requis en comptabilité, finance, mathématiques, économie ou discipline connexe.
• Master ou certification professionnelle préférée.
• Excellentes capacités d’analyse et de communication.

Responsibilities

• Diriger, coacher et développer une équipe de Middle Office Risk Control Analysts.
• Collaborer avec le Front Office pour évaluer l’impact des transactions et soutenir la croissance via l’analyse des risques.
• Miser en place et maintenir des rapports quotidien position, P&L et risques pour les parties prenantes.
• Assurer le respect des limites de risque, des contrôles internes et de la gouvernance.
• Participer à l’amélioration des politiques, procédures et systèmes de gestion des risques.

Skills

Leadership

Analyse de risque

Rapports P&L

Conformité

Education

Licence en Comptabilité, Finance, Mathématiques, Économie ou domaine connexe

Master ou certification professionnelle

Job description

Contexte et environnement

The Company is responsible for the Group’s gas, power, LNG, dry bulk, and LPG trading and marketing activities across North America. Operating in a fast‑paced and dynamic environment, the business manages time-sensitive and mission‑critical activities that require real‑time analysis, rapid decision‑making, and effective communication.

Key business challenges and market dynamics include:

• Volatile and highly regulated U.S. energy markets, requiring sophisticated technical expertise and swift decision‑making to manage time‑critical trading activities and significant risk‑reward exposures.
• Intense competitive pressures driven by evolving market conditions and the entry of new participants, creating ongoing challenges in capturing growth opportunities and expanding market share.
• A highly skilled and mobile workforce, requiring continuous efforts to attract, develop, and retain top talent in a competitive labor market.

Activités

The Manager, Middle Office Risk & Controls leads a team of 3–5 Middle Office Analysts responsible for independent position, profit and loss (P&L), risk reporting, and control functions supporting TGPNA's Natural Gas, LNG, Power, and related commodity trading activities. The role serves as a critical partner to Front Office leadership by providing risk oversight, analytics, valuation, controls, and commercial insights that support informed decision‑making while ensuring compliance with internal policies and regulatory requirements.

The position oversees risk control activities across:

• North American natural gas physical and financial trading, marketing, transportation, and storage.
• LNG marketing, trading, storage, transportation, and liquefaction capacity management.
• Sales and marketing of petcoke, sulfur, and other dry bulk commodities produced by affiliates and third parties.
• Related commercial agreements, including sales and purchase agreements, transportation contracts, and storage arrangements.

Key Responsibilities

Leadership & Team Management

• Lead, coach, develop, and manage a team of Middle Office Risk Control Analysts, fostering a high‑performance culture focused on accuracy, accountability, and continuous improvement.
• Manage departmental resources, workload prioritization, performance management, and employee development.
• Conduct performance evaluations, establish development plans, and support career progression of team members.

Risk Management & Commercial Support

• Partner closely with Front Office personnel to evaluate the risk impact of trading and commercial transactions, supporting business growth through effective risk analysis and oversight.
• Develop and maintain a deep understanding of commodity market structures, trading strategies, valuation methodologies, and risk exposures across Gas, LNG, Power, and Dry Bulk trading activities.
• Lead independent risk assessments and provide actionable insights to support commercial decision‑making.
• Assess and report key risk metrics, including Value-at-Risk (VaR), Maximum Loss, stress testing, exposure analysis, and other relevant measures.

Position, P&L, and Risk Reporting

• Ensure all trading activities are accurately captured, modeled, valued, and reported within risk management systems.
• Oversee the preparation and review of daily position, P&L, and risk reports for management and business stakeholders.
• Ensure the completeness, accuracy, and timeliness of internal and regulatory reporting requirements.
• Present trading results, exposures, and emerging risks to senior management and key stakeholders.

Governance, Controls & Compliance

• Monitor compliance with trading authorities, risk limits, and internal control requirements.
• Investigate and elevate breaches, control exceptions, and non‑standard transaction requests as appropriate.
• Develop, implement, and enhance Middle Office policies, procedures, controls, and governance frameworks to support business growth and changing market conditions.
• Ensure compliance with applicable regulatory requirements, company policies, and established risk‑management standards.
• Oversee identification, reporting, and remediation of operational risk incidents, near misses, and control gaps.

New Products & Market Expansion

• Evaluate transactions involving new commodities, delivery locations, trading strategies, or risk management structures.
• Participate in new product approval processes, assessing liquidity, valuation methodologies, operational readiness, and ongoing monitoring capabilities.
• Provide risk guidance for new business initiatives, market opportunities, and commercial structures.

Cross‑Functional Collaboration

• Collaborate with Operational Compliance, Operational Risk, Back Office, Finance, Credit, Legal, Internal Controls, and Trading Systems teams to ensure consistent risk governance and operational excellence.
• Support enhancements to trading, risk management, and reporting systems to meet evolving business requirements.
• Serve as the primary point of contact for trading‑related risk inquiries and complex transaction modeling.
• Coordinate with global Middle Office teams in Geneva and Singapore to promote consistency across risk management processes, controls, and reporting standards.

Systems & Process Improvement

• Lead initiatives to optimize Middle Office processes, controls, reporting capabilities, and operational efficiency.
• Manage system upgrades, integrations, maintenance projects, and risk management technology enhancements.
• Support cybersecurity and data protection efforts related to trading and risk management platforms.
• Drive continuous improvement initiatives to strengthen controls, eliminate identified risks, and improve reporting quality.

Accountabilities

• Ensure accurate and independent position, P&L, valuation, and risk reporting for all TGPNA Gas & LNG trading activities.
• Maintain robust risk controls and governance processes that evolve with business growth and market complexity.
• Provide transparent reporting of risk exposures, control issues, and operational concerns to senior management.
• Support strategic and commercial decision‑making through effective risk analysis and communication.
• Foster strong working relationships across Front Office, support functions, and global Middle Office teams.
• Ensure full compliance with the Company's Code of Conduct, Business Integrity standards, and applicable regulatory requirements.

Profil du candidat

• Bachelor’s degree in Accounting, Finance, Mathematics, Economics, or a related business discipline required.
• Master’s degree and/or relevant professional certification preferred.
• Strong understanding of the energy industry, commodity trading, macroeconomic principles, risk management, and modern financial concepts.
• 5 to 7 years of experience within a commodity trading organization, preferably in a mid‑office or risk management function; prior supervisory or team leadership experience preferred.
• Demonstrated experience with North American Natural Gas and LNG markets, including knowledge of natural gas transportation and storage, physical and financial trading, and dry commodity markets.
• Strong analytical, quantitative, and technical problem‑solving skills, with the ability to interpret complex market and trading data.
• Excellent interpersonal, verbal, written, and presentation communication skills, with the ability to effectively engage stakeholders across all levels of the organization.
• Proven ability to thrive in a fast‑paced, high‑pressure trading environment while managing multiple priorities and meeting critical deadlines.

Informations supplémentaires

TotalEnergies valorise la diversité, promeut le développement individuel et offre des opportunités d'emploi égales à tous les candidats.