Context & Environment
Electricity sits at the core of the energy transition, and TotalEnergies is rapidly expanding a large, diversified portfolio of renewable and flexible power assets with the ambition to be among the world’s leading renewable producers by 2030. The Power Trading team plays a pivotal role in this strategy: it manages market exposures from these assets, supports commercial optimization across the business, and delivers the market intelligence that informs decision‑making company‑wide.
Activities
We are seeking a highly analytical and quantitative Power Trading Analyst to join our Power Trading team. In this role, you will contribute directly to trading strategy and portfolio management through rigorous quantitative analysis, risk modeling, and the development of dashboards and automated tools that strengthen decision‑making across the desk. You will play a central role in building insights, systems, and workflows that enhance commercial performance, with a strong emphasis on coding, data automation, and high‑quality analytical problem‑solving.
Performance Analysis & Value Creation
- Conduct regular ex‑post economic performance analyses of renewables assets, PPAs, CCGTs, peakers, and battery portfolios to assess asset performance and value drivers.
- Evaluate portfolio profitability drivers and identify optimization opportunities across technologies and markets.
- Provide analytical insights and recommendations to traders, originators, and portfolio managers to enhance performance and maximize portfolio value.
- Identify and assess portfolio diversification effects across geographies, technologies, and market exposures.
- Develop, maintain, and continuously improve reporting tools, dashboards, and performance KPIs that support data‑driven decision‑making.
Risk Management & Portfolio Optimization
- Build and maintain analytical tools in Python, SQL, and Excel to automate reporting and improve accuracy.
- Perform regular risk assessments of power portfolios, including volume risk, cannibalization risk, forecast accuracy, capture ratios, and optimization strategies.
- Analyze hedging strategies, evaluate risk‑return trade‑offs, and formulate recommendations for traders and senior management.
- Review and challenge optimization algorithms for CCGTs and battery assets across relevant electricity markets.
- Design, implement, and monitor portfolio risk metrics and performance indicators such as Profit at Risk (PaR), drawdown, Sharpe ratio, and other exposure measures.
Cross‑Functional Collaboration
- Work closely with Front Office, Middle Office, energy data management, finance, and IT teams to validate data, resolve discrepancies, and strengthen reporting processes.
- Participate in discussions on market trends, trading strategies, portfolio optimization, and risk management.
- Develop and maintain a strong understanding of Trading Power desks’ businesses and stay current on their positions, products, and market activities.
Accountabilities:
- Run in‑depth quantitative analysis and research to measure the performance and risks of TotalEnergies’ power trading businesses.
- Present senior management and traders with regular, decision‑ready analyses that support the design and management of a profitable, well‑balanced portfolio.
- Organize and lead the monthly performance committee, ensuring clear insights, accountability, and follow‑through on action items.
- Challenge pricing assumptions, hedging strategies, and commercial methodologies to drive stronger, data‑backed decision‑making across the trading organization.
Candidate Profile
- PhD or master’s degree in a quantitative discipline such as Engineering, Economics, Finance, Mathematics, or Data Science.
- At least 5 years of relevant experience, including roles as a power analyst, energy trading analyst, or market risk analyst.
- Strong quantitative and analytical capabilities, with proficiency in Python and SQL; experience with Databricks, Power BI, Streamlit, or Dash is a plus.
- Solid knowledge of U.S. power markets and familiarity with PPAs strongly preferred.
- Excellent communication and teamwork skills, with the ability to perform effectively under time pressure.
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.
Domain: Sales & Marketing
Type of contract: Regular position
Experience: Minimum 6 years
Employer company: TotalEnergies Gas & Power North America, Inc.