Internship - Operational Compliance Analyst
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 worldwide. 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 Head of Operational Compliance.
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 identify 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 falls under.
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, adapted, and appropriate to the activity and the current regulatory practices.