Middle Office Analyst, Power

Country USA City HOUSTON Workplace location HOUSTON-LOUISIANA STREET(USA) Employer company TotalEnergies Gas & Power North America, Inc. Domain Finance Type of contract Regular position Experience Minimum 3 years

Context & Environment

At TotalEnergies we are committed to balancing flexibility while fostering strong relationships among our team members. Our field site employees work together to build teamwork through collaboration. This position is in Houston, Texas.

Activities

As part of the Global Risk Control Organization, contributed to key risk control processes across entities under the team’s international scope:

• Lead risk management oversight for Power trading activities, including open position monitoring, valuation controls, and mark-to-market (MTM) valuation. 
• Deliver daily analysis and explanations of key metrics and limit breaches.
• Coordinate deal and price validation within the trading system, performing deal checks, curve updates, and data reconciliation. 
• Ensure timely deal capture and compliance with internal trading limits and risk policies to maintain transactional integrity.
• Apply critical thinking to risk reporting and exposure analysis across TGPNA’s multi-product trading portfolio. 
• Evaluate forward price movements, maintained and enhanced risk models, and tested new risk calculations. 
• Assess model assumptions against market fundamentals and proposed improvements for valuation accuracy and risk quantification.
• Collaborate closely with Traders to identify, quantify, and explain portfolio risk drivers, supporting strategic decision-making.
• Support senior management reporting, contributing to the preparation and communication of trading results and position summaries.

Candidate Profile

Education/Experience

• Degree qualified in economics/finance/business/mathematics or quantitative discipline.
• Comprehensive understanding of risk management methodologies and valuation models.
• Solid understanding of MTM, VaR and quantifying position exposures and other Risk Metrics along with Power Risk Management experience particularly in North American power ISOs, more specifically ERCOT, PJM and CAISO.
• Strong understanding of Power pricing structure including experience in validating power prices with external sources.

Skills

• Power BI, Python, or other data management software like Alteryx.
• High degree of accuracy and efficiency under set deadlines.
• High levels of flexibility with regard working hours.

Additional Information

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