Candidate Profile

You are someone who possesses the following experience and credentials:

• Undergraduate degree in economics, finance, engineering, business administration or equivalent experience
• 3+ years of power markets and short-term trading experience preferred
• In-depth understanding of the energy industry, power market structure, and risk management
• Passion for the markets which has resulted in a successful trading track record
• Excellent analytical skills (Quantitative approach, data science, modeling)
• Ability to work in a team environment; ability to communicate effectively across teams, and handle IT-related projects
• Well-organized and capacity to work under pressure
• Strong desire to be part of a fast-paced, entrepreneurial environment

*TotalEnergies regrets that it is unable to sponsor employment Visas or consider individuals on time-limited visa status for this position.

Activities

Your mission as a Short Term Power Trader include:

Day Ahead / Intraday Trading

• Execute quantitative analysis supporting trading strategies
• Develop analytical tools enabling market opportunities identification, decision-making and arbitrages
• Develop and execute proprietary intraday trading strategies on Short-term Power Markets respecting risk mandate and submitted to Management
• Design, build and back-test Intra-day Algo&Auto Trading for both asset-based trading and proprietary trading
• Monitor and analyze Intraday trading performance and P&L resulting from Algo&Auto trading activities

Optimization and forecast

Elaborate optimal strategies and markets arbitrage strategies :

• On day-ahead, intraday and balancing markets for power assets (CCGT, wind/solar plants, battery) and power supply portfolios
• On Ancillary services markets for the assets, including optimization between those markets and the energy short-term markets

• Run and maintain optimization and ST generation and price forecast models,
• Continuously back test strategies to verify adequacy and optimality, and dynamically adjusting, when necessary,
• Monitor KPI/P&L resulting of activities on short-term markets (report definition based on strategy and reporting analysis over multiple day to feed-in back testing)
• Contribute in Pricing and Structuring ST power risk component on commercial offers (for internal and external parties) for any kind assets (renewables, flexible or supply portfolio) such as imbalances swaps, indexed or fixed price tolling, or optional Short-term structures.
• Interact with numerous internal teams (other trading desks including Real-Time trading team, analysis team, trading support functions...) across multiple locations and ISOs (including ERCOT/CAISO/PJM)
• Perform impact analysis regarding design market and regulatory evolutions to identify market opportunities

DIMENSIONS

Strategic role for TotalEnergies Gas and Power to become a leading player in US short-term power markets:

• Develop and Execute strategies for Intra-day Algo&Auto trading for both asset-based trading and proprietary trading under risk policy framework and compliance rules.
• Be part of the team responsible for elaborating, implementing and maintaining models and strategies for Short-term Optimization and Forecast of TotalEnergies Gas and Power portfolios.
• Contribute to Structuring and Pricing of commercial offers for assets (Storage, Renewable, CCGT and Supply) on short-term markets for internal and external counterparties.

PURPOSES

• The job holder is part of a team that is based in Houston, interacting with multiple teams spread across US locations for trading execution. The team will act in an uncertain energy commodity trading context with extreme market volatility due to a variety of factors including worldwide economics, energy resource development, political and legislative changes, climate change, and energy demand. Competitive environment for new business and growth opportunities. High stress working environment involving time critical activities.

• The position holder is responsible for US Day Ahead and Intra-day Trading on US short-term markets (dedicated P&L). The position holder is also accountable for the pricing of contracts he/she has entered in cooperation with Origination and other teams.

• This position reports to the US Head of US ST Power.

Context & Environment

Following its objective of carbon neutrality by 2050, TotalEnergies is strongly increasing its worldwide position in the whole power value chain, and especially in fast growing sector of renewables and flexible generation assets. To maximize the full value of such Power assets on spot markets, TotalEnergies Gas & Power aims to be present at each step of the value chain: from trading on the curve up to Day Ahead optimization, Intraday and ancillary services. This optimization of Short Power positions is based on a US framework with aggregation of generation (CCGT, Wind, Solar), flexibilities (DSR, Batteries), and power supply portfolio in order to maximize value creation for TotalEnergies company.

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At TotalEnergies we know that you're more than what's on your CV. If this opportunity excites you, but your profile doesn't exactly match the description above...give it a try & apply. Diversity of perspectives & experiences make us stronger.

TotalEnergies celebrates diversity and is committed to Equal Employment Opportunity:

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, protected veteran status, disability status or any other category protected under applicable federal, state or local law. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures.

All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs.

TotalEnergies believes that diversity and inclusion among our teammates is critical to our success as a global company, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool.

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 Gas and Power (TGP) is the trading arm of TotalEnergies in the field of low carbon energies (mainly gas, LNG and power). As such it operates in fast-evolving market dynamics influenced by internal and external factors that require constant adaptation and evolution. Uncertainties specific to the trading environment (volatility of prices, supply & demand mismatches) are coupled with those coming from the broader energy sector (climate change policies, changes in the energy mix, developments of new energy sources, etc). In such context TGP helps to ensure growth and profitability to a key segment of the business in order to reach the objective of Carbon Neutrality by 2050.

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.

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.