Transversal Market Risk Officer

About US (GEMS):

ENGIE Global Energy Management & Sales (GEMS) provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation.

ENGIE is a global reference in low-carbon energy and services with a leading energy management business, piloted by its entity "Global Energy Management & Sales" who built its savoir-faire managing the Group’s large and diverse asset portfolio over 20+ years.

3,600 employees around the world develop our solutions, through +20 international business platforms. We cover the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our experts provide tailor made solutions based on a wide range of savoir-faire in energy management with a strong focus on decarbonation and decentralization.

Our 190,000 clients span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.

Our 4 areas of expertise :

• Asset management

• Energy transition services

• Energy supply & global commodities

• Risk management & market access

At GEMS we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.

More info on GEMS Hub (https://gems.engie.com) or LinkedIn (https://www.linkedin.com/company/engie-global-energy-management-solutions).

Context:

Within GEMS, the Risk Expertise Center’s purpose is to, on one hand, advise and help the Business Platforms in optimizing their activities making sure it respects all the rules and limits, and on the other hand, to manage, monitor and control the risks that GEMS is facing globally in its commercial and energy management activities.

In the context of its re-organization, the EC Risk has created new Transversal Risk functions with the general objectives to provide a sound global risk framework through the design of the global risk mandates and policies, and to harmonize and spread best practices across all GEMS local development areas.

Role:

You will report to the Head of Transversal Market Risk and as Transversal Market Risk, you will be in charge of:

• Global Market Risk mandate design (encompassing GEMS MTM, GEMS S-P, Green Power, B2B Supply + Adhocs):
  • Coordination work between Market Risks to gather business needs/managerial inputs
  • Backbone of Risk Mandate architecture (definition of Risk Metrics, scopes)
  • Calibration of Global Limit proposals and Coherence check with local limits proposals – Arbitrage management – with the help of Risk Analytics;
  • Communication and Presentation for validation by Risk Committees
• Global Market Risk Mandates Supervision:
  • Define to which team to delegate the monitoring of each mandate;
  • Manage the interaction with Group/GEMS Management/MASGO – with support of Risk Analytics;
  • Monthly reporting to Risk Committees  - with support of Risk Analytics;
• Coordination of Market Risk topics:
  • Maintain a cartography of different “Market related” Risks across the Organization;
  • Identification of existing/diverging approaches to monitor those risks;
  • Searching for Consistency & Harmonization of metrics/approaches across geographies & GBUs
• Coordinate the implementation of a set of Market Risk documentations, procedures, standards, trainings with the support of Risk Analytics, other MR teams and IS;

Hard skills:

• Must have:
  • Digital mindset;
  • Financial Engineering skills with advanced knowledge in mathematical finance and Market Risk;
  • Expert understanding of energy markets;

Soft skills:

• Must have:
  • High level of Autonomy;
  • Good oral and written Communication skills;
  • Good Cooperation skills to work with many different stakeholders;

Education and professional background:

• You have a university degree in a quantitative field (Engineering, science, economics,…);
• You have a minimum of 5 years of relevant professional experience in the energy markets

Languages:

• You are fluent in English

Travels:

The position is based in Brussels or Paris, with frequent travels in all locations where GEMS is implemented.

If you meet these requirements, then you are the talent we are looking for. Do not waste time! 

Apply by attaching your updated CV, regardless your gender.

ENGIE Global Energy Management & Sales is committed to create a gender-neutral environment that unlocks the potential of everyone and provides equal employment opportunities for all individuals. 

All our positions are open to people with disabilities, please let your recruiter know if you need reasonable accommodations to be able to participate in the recruitment process, they will be happy to assist you. 

About ENGIE:

Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, power, renewable energy, services) to offer competitive solutions to our customers. With our 96,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.