*Please note that this internship is run through the University of London therefore any applications made should come through this link only*
Job title: GPE Group Portfolio Intern
Positions Available: 1
Hours: Full time 35 hours
Location: Canary Wharf – Head Office
Duration: 12 months (August 2018 start date)
Salary: Competitive Basic Salary - £23500 - £27500 per annum (depending on experience)
Total Gas & Power Ltd is a wholly owned subsidiary of the Total Group responsible for energy Marketing and Trading activities in the UK. We supply natural gas to many thousands of sites across the UK, and we are market leaders in the highly competitive I&C sector (by gas volume). Based in the head office in Canary Wharf (London) the Trading division is responsible for optimising the purchase/sales portfolios of gas, electricity, CO2 emissions, dry bulk, and LNG, via transactions (arbitrage, balancing and hedging) in all recognised markets worldwide, in compliance with Group trading guidelines. Alongside the traders we have risk analysts, shipping and chartering operators and gas and power schedulers.
Content and environment
- Operate as an independent desk on the Trading floor, entrusted with a clear objective, as stated above:
- Liaise with the Group’s branches RC, MS and EP in respect of the core procurement activities for gas and power
- Act as an intermediary towards GPE trading desks in the process of structuring supply solutions for the Group’s branches.
- In order that developments are commercially viable, the Group Portfolio Management operates within the market-based international commodity trading environment within TGPL and GRP. This trading environment is one of the two trading arms of Total Group covering worldwide activities and market access which secures the highest value possible for Total’s products.
- The environment encompasses energy commodities handled by TGP: principally natural gas, power and emissions.
- The role operates within a changing (both from a market and regulatory aspects) environment typical of the energy environment. The GPE Group Portfolio Intern contributes to the priorities for the Trading division from which the agenda is set for the Group for this element of our Commitment to Better Energy.
- The jobholder will contribute within the Group Portfolio, to operations and IT processes.
- Participate to the daily operations of the Energy Procurement Desk.
- Participate to operations with the Group’s branches in the field of energy consumption planning, nominations, transport capacity bookings, follow-up of real-time offtake measurement systems, as well as the upkeep of the IT systems involved (PI system).
- Follow-up and validation of all data exchanged with Gas and Power Transmission System Operators, such as Allocations, Programming schedules, including all Service Agreements related to TGPLs role as ARP for the Groups auto-production units.
- Assist in putting in place/ renewing all supply licenses with relevant Regulators in the different target countries
- Assist in Controlling all calculation tools used for invoicing by the Procurement desk.
- Develop a data base for all Group related energy procurement information, such as supply contracts, consumption data, site characteristics and analysis of current and future energy needs of the Group’s branches
- Aim to improve and develop IT solutions to improve the desk activity, in coordination with TGPL IT and research teams.
- Primary focus of the development activity lies in countries with active energy traded markets (such as EUROPE) where the Group has assets.
- GPE Group Portfolio Intern operates across a diverse range of counterparts both within and outside the Group. Within the Group the role communicates with the asset managers of the Branches and Affiliates, in charge for the energy management. Outside of the Group the role communicates with commercial stakeholders in the Gas, Power and Renewables field, and with Regulators.
- Studying towards Economics, Engineering and Finance (would be preferred).
- Fluency in French and English and knowledge of a third European language.
- One year relevant work experience would be ideal but not essential
- Strong analytical capabilities, especially in energy markets and in a broader economical field.
- Strong operational and modelling skills with the ability to implement those using commonly used IT tools.
- A team player who works well with internal team(s), partners and external stakeholders.
- Numerate and ability to work under pressure
- To be able to work within a team but also individually when necessary.
- This position also requires the candidate to be proactive and reliable.