Middle Office Manager, Power

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

Job summary

TotalEnergies recherche un responsable Middle Office à Houston pour diriger une équipe de 3 à 5 analystes, superviser le reporting PnL et les positions, et assurer le contrôle des risques dans les activités de trading power et commodities en Amérique du Nord.

Vous collaborerez étroitement avec les Front Office, Back Office et les équipes risques pour garantir la précision des analyses et le respect des limites.

Qualifications

• Expérience 5–7 ans dans une fonction Middle Office ou trading de matières premières.
• Connaissance des marchés de l'énergie nord-américains (power, gas, LNG).
• Bonne compréhension des structures ISO/RTO et des produits d'énergie.

Responsibilities

• Diriger une équipe de 3 à 5 Analystes Middle Office; assurer le reporting des positions et du PnL et le contrôle des risques.
• Collaborer avec les Front Office, Back Office, Finance, Crédit et Compliance pour assurer l'alignement des pratiques et des limites.
• Développer et appliquer les politiques et contrôles Middle Office; améliorer les processus et les systèmes.
• Agir comme point de contact pour les analyses de risques et soutenir les traders dans les modélisations et les transactions complexes.

Skills

Gestion des risques

Leadership d'équipe

Analyse de données

Communication efficace

Education

Bachelor en Comptabilité/Finance/Mathématiques/Économie

Master/Certification professionnelle (préféré)

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 organization supports time-sensitive, business-critical activities that require real-time analysis, effective decision-making, and clear communication. The TGPNA Middle Office team consists of more than ten professionals dedicated to supporting power, natural gas, dry bulk, and other commodity markets.

Activités

• Lead, manage, and develop a team of 3 to 5 Middle Office Analysts responsible for position reporting, profit and loss (PnL) reporting, and risk oversight activities.
• Provide risk assessment, analytics, and control functions supporting TGPNA's rapidly evolving power business, including flexible power generation (1.5 GW), real-time and cash trading, market access trading across select ISOs/RTOs, and structured transactions.
• Partner closely with Front Office teams to support business growth by delivering timely and accurate analysis of transaction risk impacts. Develop a deep understanding of market structures and commercial strategies while providing risk insights that support informed business decisions.
• Directly supervise risk control analysts, manage departmental resources and priorities, conduct performance evaluations, and coach team members to enhance their professional development and effectiveness.
• Collaborate with Back Office, Finance, Credit, Legal, Internal Controls, and Trading Systems teams to ensure alignment of risk control practices, policies, and limits, while driving operational excellence and system enhancements.
• Monitor adherence to trading limits, ensuring compliance, proper documentation, and escalation where appropriate. Review and analyze non-standard transactions and provide recommendations or approvals to senior management.
• Develop, implement, and continuously enhance Middle Office risk policies, procedures, and controls to support business growth and evolving market activities. Identify opportunities to improve processes and mitigate operational and financial risks.
• Serve as the primary point of contact for trading-related inquiries and provide support to traders in modeling complex transactions within trading and risk management systems.
• Lead the daily independent valuation, analysis, and reporting of risk positions, exposures, and trading results while ensuring compliance with established policies, limits, and procedures.
• Ensure accurate and timely reporting of trading positions, exposures, and financial results to senior management and relevant stakeholders.
• Identify, monitor, and report operational risk events, including near misses and control failures, while fostering a strong risk-awareness culture across the organization.
• Collaborate with Global Risk Control teams located in Geneva and Singapore to ensure consistency in risk management processes, controls, and reporting practices.
• Act as the North American Power subject matter expert and provide leadership and support across Middle Office activities related to Power, Natural Gas, LNG, Dry Bulk, and other commodity trading businesses.
• Maintain ownership and oversight of TGPNA Power trading position and PnL reporting, ensuring all transactions are accurately captured, modeled, valued, and reported.
• Provide advanced risk analytics and reporting, including Value-at-Risk (VaR), stress testing, maximum loss analysis, and other risk metrics used to support commercial decision-making.
• Deliver meaningful risk insights and recommendations to the Head of Risk Control, Risk Committee, and senior management.
• Maintain accountability for Middle Office controls and governance activities, ensuring transparency in issue identification, escalation, remediation, and reporting.
• Ensure the accuracy, completeness, and timeliness of regulatory reporting requirements and associated control processes.
• Oversee Middle Office staffing, resource planning, employee development, succession planning, and performance management activities.
• Lead initiatives focused on continuous improvement, optimization, and automation of Middle Office processes, controls, and reporting capabilities.
• Promote and uphold the Company's Code of Conduct, Business Integrity standards, and all applicable regulatory and compliance requirements.

Key Areas of Accountability

• Middle Office leadership and talent development
• Power trading risk management and control
• Position and PnL reporting oversight
• Risk analytics and market exposure assessment
• Trading limit monitoring and governance
• Operational risk management and control enhancement
• Cross-functional stakeholder partnership
• Regulatory compliance and reporting
• Process improvement and operational excellence
• Global coordination with Risk Control teams and commodity business lines

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 in a related field (preferred).
• Strong understanding of the energy industry, commodity trading, macroeconomics, risk management, and financial markets.
• 5-7 years of experience within a commodity trading middle office function or commodity trading environment; prior supervisory or team leadership experience is preferred.
• Experience with North American power markets, including knowledge of ISO/RTO structures, power market fundamentals, physical and financial power trading, congestion management, and related power products.
• Exceptional analytical and problem-solving skills with the ability to interpret complex data and market information.
• Excellent interpersonal, verbal, written, and presentation communication skills, with the ability to effectively engage stakeholders across all levels of the organization.

Informations supplémentaires

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