Middle Office Manager, Gas & LNG

Context & Environment

The Company is responsible for the Group’s gas, power, LNG, dry bulk, and LPG trading and marketing activities across North America. Operating in a fast-paced and dynamic environment, the business manages time-sensitive and mission-critical activities that require real-time analysis, rapid decision-making, and effective communication.

Key business challenges and market dynamics include:

• Volatile and highly regulated U.S. energy markets, requiring sophisticated technical expertise and swift decision-making to manage time-critical trading activities and significant risk-reward exposures.
• Intense competitive pressures driven by evolving market conditions and the entry of new participants, creating ongoing challenges in capturing growth opportunities and expanding market share.
• A highly skilled and mobile workforce, requiring continuous efforts to attract, develop, and retain top talent in a competitive labor market.

Activities

The Manager, Middle Office Risk & Controls leads a team of 3–5 Middle Office Analysts responsible for independent position, profit and loss (P&L), risk reporting, and control functions supporting TGPNA's Natural Gas, LNG, Power, and related commodity trading activities. The role serves as a critical partner to Front Office leadership by providing risk oversight, analytics, valuation, controls, and commercial insights that support informed decision-making while ensuring compliance with internal policies and regulatory requirements.

The position oversees risk control activities across:

• North American natural gas physical and financial trading, marketing, transportation, and storage.
• LNG marketing, trading, storage, transportation, and liquefaction capacity management.
• Sales and marketing of petcoke, sulfur, and other dry bulk commodities produced by affiliates and third parties.
• Related commercial agreements, including sales and purchase agreements, transportation contracts, and storage arrangements.

Key Responsibilities:

Leadership & Team Management

• Lead, coach, develop, and manage a team of Middle Office Risk Control Analysts, fostering a high-performance culture focused on accuracy, accountability, and continuous improvement.
• Manage departmental resources, workload prioritization, performance management, and employee development.
• Conduct performance evaluations, establish development plans, and support career progression of team members.

Risk Management & Commercial Support

• Partner closely with Front Office personnel to evaluate the risk impact of trading and commercial transactions, supporting business growth through effective risk analysis and oversight.
• Develop and maintain a deep understanding of commodity market structures, trading strategies, valuation methodologies, and risk exposures across Gas, LNG, Power, and Dry Bulk trading activities.
• Lead independent risk assessments and provide actionable insights to support commercial decision-making.
• Assess and report key risk metrics, including Value-at-Risk (VaR), Maximum Loss, stress testing, exposure analysis, and other relevant measures.

Position, P&L, and Risk Reporting

• Ensure all trading activities are accurately captured, modeled, valued, and reported within risk management systems.
• Oversee the preparation and review of daily position, P&L, and risk reports for management and business stakeholders.
• Ensure the completeness, accuracy, and timeliness of internal and regulatory reporting requirements.
• Present trading results, exposures, and emerging risks to senior management and key stakeholders.

Governance, Controls & Compliance

• Monitor compliance with trading authorities, risk limits, and internal control requirements.
• Investigate and escalate breaches, control exceptions, and non-standard transaction requests as appropriate.
• Develop, implement, and enhance Middle Office policies, procedures, controls, and governance frameworks to support business growth and changing market conditions.
• Ensure compliance with applicable regulatory requirements, company policies, and established risk management standards.
• Oversee identification, reporting, and remediation of operational risk incidents, near misses, and control gaps.

New Products & Market Expansion

• Evaluate transactions involving new commodities, delivery locations, trading strategies, or risk management structures.
• Participate in new product approval processes, assessing liquidity, valuation methodologies, operational readiness, and ongoing monitoring capabilities.
• Provide risk guidance for new business initiatives, market opportunities, and commercial structures.

Cross-Functional Collaboration

• Collaborate with Operational Compliance, Operational Risk, Back Office, Finance, Credit, Legal, Internal Controls, and Trading Systems teams to ensure consistent risk governance and operational excellence.
• Support enhancements to trading, risk management, and reporting systems to meet evolving business requirements.
• Serve as the primary point of contact for trading-related risk inquiries and complex transaction modeling.
• Coordinate with global Middle Office teams in Geneva and Singapore to promote consistency across risk management processes, controls, and reporting standards.

Systems & Process Improvement

• Lead initiatives to optimize Middle Office processes, controls, reporting capabilities, and operational efficiency.
• Manage system upgrades, integrations, maintenance projects, and risk management technology enhancements.
• Support cybersecurity and data protection efforts related to trading and risk management platforms.
• Drive continuous improvement initiatives to strengthen controls, eliminate identified risks, and improve reporting quality.

Accountabilities

• Ensure accurate and independent position, P&L, valuation, and risk reporting for all TGPNA Gas & LNG trading activities.
• Maintain robust risk controls and governance processes that evolve with business growth and market complexity.
• Provide transparent reporting of risk exposures, control issues, and operational concerns to senior management.
• Support strategic and commercial decision-making through effective risk analysis and communication.
• Foster strong working relationships across Front Office, support functions, and global Middle Office teams.
• Ensure full compliance with the Company's Code of Conduct, Business Integrity standards, and applicable regulatory requirements.

Candidate Profile

• Bachelor’s degree in Accounting, Finance, Mathematics, Economics, or a related business discipline required.
• Master’s degree and/or relevant professional certification preferred.
• Strong understanding of the energy industry, commodity trading, macroeconomic principles, risk management, and modern financial concepts.
• 5 to 7 years of experience within a commodity trading organization, preferably in a mid-office or risk management function; prior supervisory or team leadership experience preferred.
• Demonstrated experience with North American Natural Gas and LNG markets, including knowledge of natural gas transportation and storage, physical and financial trading, and dry commodity markets.
• Strong analytical, quantitative, and technical problem-solving skills, with the ability to interpret complex market and trading data.
• Excellent interpersonal, verbal, written, and presentation communication skills, with the ability to effectively engage stakeholders across all levels of the organization.
• Proven ability to thrive in a fast-paced, high-pressure trading environment while managing multiple priorities and meeting critical deadlines.

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 Trading & Shipping (T&S), an international trading company, puts its expertise to use in the global energy markets. With its biomass blending and trading activity, TotalEnergies T&S is an active participant in the development of sustainable biofuels. Our maritime transport expertise also helps to reduce the carbon footprint of sea transportation and we recently announced the time chartering of new vessels equipped with LNG propulsion.

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: Finance

Type of contract: Regular position

Experience: Minimum 6 years

Employer company: ATLANTIC TRADING AND MARKETING INC.