Physical Risk Analyst (Gas)

About US (S&EM):

About ENGIE and Supply & Energy Management:ENGIE, a global leader in low-carbon energy and services, relies on its Global Business Unit Supply & Energy Management (GBU S&EM) to provide reliable, sustainable, and affordable energy to all its customers. This strategic unit optimizes the Group’s and clients’ production assets and designs tailored energy solutions for our 200,000 professional clients and 15 million consumers.The Global Business Unit Supply & Energy Management leverages ENGIE’s assets to deliver secure and sustainable energy to its B2B and B2C customers. It uses its expertise in energy management to provide decarbonized electricity 24/7.Joining Supply & Energy Management means becoming part of a team of over 10,000 passionate experts spread across 20 countries, all united by a shared mission: shaping a greener and more efficient energy future. Together, we push the boundaries of innovation to deliver decarbonized energy 24/7. Join us and be part of those shaping the energy of tomorrow!

Context:

The Expertise Center Market Analysis (EC MA) gathers more than 110 experts in energy markets and quantitative economics. Our team includes market analysts, meteorologists, data scientists, regulation & market design advisors providing comprehensive support to ENGIE entities (Corporate, GBUs, GEMS Business Platforms and geographies). The purpose of the EC MA is to target superior energy market intelligence, building independent economic analyses and providing regulatory positions to support ENGIE activities, from strategic positioning, investment appraisal, operation excellence and energy management.

The Business Platform Short-Term Gas is in charge of providing delivery optimization services to Engie’s physical gas portfolio. Within Short-Term Gas BP, the Physical Risk Team (PRT) ensures the gas demand of ENGIE’s customers can be met under different scenarios reflecting uncertainties on gas consumption or delivery, such as weather impact or a supplier's shortfall, in line with ENGIE’s public service obligations, from day-ahead up to 3 years. The team also provides a consolidated view of ENGIE’s supply and demand portfolio to S&EM ExCom, in order to monitor our supply gap and enable the sourcing of potentially missing volumes.

Role:

The Expertise Center Market Analysis and the Business Platform Short-Term Gas are looking for a physical risk analyst to join the Physical Risk Team and help support and develop our analytics activities.

The role is located in Paris, on the trading floor.

This role will require the candidate to perform the following:

-        In close cooperation with S&EM gas trading desks, portfolio managers, sales support and other teams, ensure the timely execution of the team’s operational activities:

o    Check that the gas asset management strategies in place within S&EM are compatible with the sourcing of ENGIE’s customers in case of occurrence of defined physical risk factors; if not, make them evolve. Will this scenario allow to face an occurrence of peak gas demand, for instance?

o    Propose optimal management strategies for assets facing physical risk. How to modify the management of our assets to extract more value while being able to face a cold spell at minimal cost?

o    Define limits of assets’ use to face physical risk. To what extent can we optimize storages or supply contracts in the coming weeks, without compromising continuity of gas supply for the following period?

-        Contribute to sizing the assets required for physical risk management: storage and transport capacities, supply contracts and other sources of flexibility;

-        Maintain the physical risk framework up-to-date, including liquidity assumptions for European gas markets, the relation between temperature and gas demand, regulatory changes;

-        Analyze ENGIE’s gas portfolio balance for specific needs, related e.g. to intraday flexibility requirements;

-        Contribute to regulatory inquiries on gas security of supply;

-        Support other S&EM teams on gas physical risk-related questions;

-        Improve our tools and model assumptions, in collaboration with quants and IT teams;

-        Contribute to European gas supply/demand equilibrium modelling with dedicated tools.

Hard skills:

Ø  Strong analytical and rigorous mindset, at ease with numbers

Ø  Appetite for applying optimization, data science & machine learning models to operational topics

Ø  Programming skills (Python); knowledge of BI tools (Power BI…) and data platforms (Dataiku) is a plus

Ø  Knowledge, or the desire to develop a deep understanding, of energy markets and portfolio management

Soft skills:

Ø  Clear and effective communication both written and verbal

Ø  Ability to explain and convey messages about complex issues and models

Ø  Willingness to work in a team, review work done by others, and take constructive feedback

Ø  Willingness to learn new tools and technologies

Ø  Result-oriented mindset

Ø  Attention to detail, focus on accuracy based on data analysis

Ø  Ability to multitask in a fast paced trading environment

Ø  Team spirit, reactivity, creativity, initiative, autonomy, ability to cope with tight deadlines

Education and professional background:

Ø  Master degree or PhD in relevant area (engineering, mathematics, physics, economics etc.)

Ø  One or two experiences in gas or energy-related activities are a plus

Languages:

Fluent in French and English

Travels:

Not required

We offer:

Ø  Intellectually challenging job in a fast paced environment

Ø  Integration within a dynamic and committed team of experienced professionals

Ø  Autonomy and possibility to take responsibilities

Ø  Exposure to a wide range of stakeholders

Ø  Possibility to grow, learn and develop