Derivatives Middle Office Analyst, Internship

Job description

GENEVE-WTC1(CHE)
Job Description

TOTSA TOTAL OIL TRADING SA is a trading company in charge of all physical trading and shipping of crude oil and refined products on behalf of the TOTAL group. It has been an active participant all over the supply chain as well as on the derivatives paper market in order to manage the market risk for a long time.
We are offering a 6 months internship for someone who intends to be involved in a challenging environment. Two main subjects will drive the training period
·  Analyse and implement an existing margining model from an Exchange in order to simulate the impact of several trade scenario
·  Develop a tool that retrieve and analyse settlement prices from various exchanges in order to challenge trader’s valuations. Several daily tasks are also to be considered:
·  Develop/Debug reports sent to trading in an evolving environment
·  Provide support to the derivatives middle office team as well as the derivatives trading floor
·  Participate to the daily production (reports, analyses)
Offer ID

14815BR
Country

Switzerland
About us / company profile

Give your best to better energy and make the commitment with Total. With over 500-plus professions in 130 countries, we offer high safety and environmental standards, strong ethical values, an innovation culture and wide-ranging career development. Be part of the global team whose mission is already shared by 100,000 employees: to make energy better each and every day.

Trading Shipping :

One of the most active players in the international oil markets

We have built a vast network of customers and suppliers worldwide, enabling us to trade on a daily basis with national oil companies, producers, other oil majors, refiners, traders, distributors and end-users.

We actively trade most crude grades and nearly all qualities of refined products, from high sulphur cracked fuel oil to gasoline components.

We have developed a set of trading strategies and expertise, which allows us to respond permanently to market changes and opportunities.

Through our commitment to the oil markets, we have become a major player in all their various aspects: physical, futures and derivatives.

Salary currency

CHF
Candidate profile

This internship ifs for Engineering/Economy and finance  students in the final year of their master degree  with solid quantitative basis and knowledge of derivatives and modeling of stochastic processes.
·  Programming skills (Python, VBA).
·  Good analysis skills and ability to present complex problems in a precise and concise way.
·  Previous experience on a trading floor or in the commodities market is a plus.
·  Good communication skills and ability to work in a team environment.
·  Ability to work under pressure, in emergency and doing multi-task altogether.
·  Good knowledge of both French and English is required.
·  Only University sponsored applications will be considered.
·  Due to restriction applied to work permits in Switzerland we can only accept applications from Swiss or EU citizens.
Job Title

Derivatives Middle Office Analyst, Internship
Branch

Trading-Shipping
Functional discipline

Finance
Experience level required

0 - 3 years
Employment type

Internship
Affiliate (if known)

TOTSA TOTAL OIL TRADING SA
Interview location

GENEVE
Context and environment

Middle Office Derivatives provides daily comprehensive control of market activities which is organized around three themes:

- Monitoring of exposures and market risks borne by trading portfolios
- Calculation and dissemination of daily results
- Support and assistance to derivative traders

Monitoring exposure and market risks:

The Middle Office analyses all transactions processed the previous trading day (transactions in over-the-counter or concluded on organized markets). It monitors daily variations in the books and measure the impact on various risk factors. It studies the overall exposure of profit centers and their sensitivity to market fluctuations especially through a VAR analysis. It ensures compliance with the limits delegated to “Trading” and provides the management with indicators.

• Calculation and publication of daily results

The Middle Office measures the daily unit performance and exercise control over the consistency of information available: characteristics of individual operations and valuation parameters. He is in charge of validating valuation curves or "MTM" retained by traders (consistency check on price structures and comparison with external sources for the most liquid indices). It sets each day the overall outcome of each profit center and reports to management.

• Support and trading support

The middle office financial analyst also participates in the development and validation of information systems in collaboration with IT teams and financial engineering (testing and validation of the transaction pricing models, exposure tracking tools). It supports the traders through statistical analysis, quantitative performance of different trading strategies undertaken and develops management support tools.

The candidate will participate to the daily tasks described above