Trading Controller

Job description

GENEVE-WTC1(CHE)
Job Description

The Trading activity accounts for almost 90% of Gas and Power’s revenue, representing delivered natural gas, LNG, power, dry products and emissions. There are over 250 counterparts for these operations and contracts take various forms (such as forwards, futures, options and swaps). 

Reporting:
Represent the gross trading marked-to-market results in a form suitable for publication to management both locally and in head-office (monthly) and ultimately to shareholders and markets (quarterly).

Control:
Reconcile this ‘financial’ perspective of the results to the ‘Trading’ perspective used by the traders and trading management in order to ensure that the deal results reported ultimately generate invoices and cash flow. Internal management and external audit and SOX control requirements must be satisfied and continuously enhanced.

Analysis:
Analyse the results by various other perspectives to enhance reporting and control procedures, and also enhance the financial management’s understanding of the business and therefore its ability to challenge the representation of deals in the Trading Book. 

Resources used:
Knowledge of the gas and power industry and its physical and financial features, and knowledge of the Gas and Power’s position within this market and therefore the nature of the various contracts committed. Ability to implement financial and management information standards and ‘best practices’, using software tools available such as the Trading Book and Silverlight, accounting systems (Sun, Vision and Qlikview), MS Excel and Access.
Offer ID

18982BR
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.

The global activities of the Gas & Power Branch of Total SA, and its affiliates, subsidiaries and associated companies (“Total Gas & Power”, "Group" or "Total Group") include the marketing and trading of natural gas, liquefied natural gas ("LNG") and power, the trading of liquefied petroleum gas ("LPG"), natural gas transportation and storage, as well as LNG re-gasification and the production and sale of coal and petcoke.

Total Gas & Power’s trading teams are responsible for optimising the purchase/sales portfolios of gas, electricity, coal and LPG via transactions (arbitrage, balancing and hedging) in all recognised markets, in compliance with Group trading guidelines.

Salary currency

CHF
Candidate profile

Numerate degree.  Qualified / part-qualified accountant. Appreciation of UK and international accounting standards.   Knowledge of energy trading and mark-to-market valuations desirable.  Strong maths, IT, communication and problem solving skills. Self motivation and pro-activity are essential in order to understand the information produced and continuously enhance reporting, analysis and control procedures. 
Métier

General Finance Responsibility, Cost Control & Reporting, Accounting, Cash & Financing Management
Job Title

Trading Controller
Branch

Gas Renewables And Power
Functional discipline

Finance
Experience level required

3 - 6 years
Suggested picture

Employment type

Regular position
Affiliate (if known)

TOTAL GAS & POWER LTD
Interview location

GENEVE
Context and environment

The role draws information from the Trading system and often requires contact with the Trading department in order to obtain and understand the data, in particular with Middle Office, and Research and Systems. Interaction with all Finance teams is required in order to draw upon information in the financial systems and to provide guidance of treatment of certain items. Reports and reconciliations produced, often under time-pressure, will feed through to finance management in London and Paris HQ, and will be used and assessed by internal control and external audit. Queries are regularly received from management (both routine and ad hoc) for which clear responses may require detailed investigation. 

The role exists to ensure that a ‘true and fair’ view of the Trading results are presented, to ensure consistency in the results reported between the various systems, and to assist management in understanding the factors driving the results i.e. to aim of the role is to answer the following:
·  What are the results according to the various systems?
·  What should the results be?
·  Why are the results what they are?