A 100% subsidiary of ENGIE, ENGIE Global Markets has its own governance with dedicated support functions and risk control activities that interface with those of our parent company.
Four operational entitiesENGIE Global Markets has the following four distinct operational entities, which depend on the Business Line's legal, human resources, communications and market analysis expertise.
TradingTrading of gas, oil, forex, environmental, power, spark, options, and structured products. Asset-backed trading and proprietary trading.
Sales tradingDesign of market-based solutions intended for all energy players, upstream and downstream, to support the company's activities, including market access, risk management, asset optimization, advisory, trading strategies, and more.
Support functionsEnsure the proper conduct of business, including security of operations and compliance with internal rules and regulations (energy commodity markets, financial, banking) and support for business developers. It encompasses a large variety of functions:
- Middle office: production and management of the official deals valuation (completed and non-completed) and the economic profit and loss indicators
- Back office: support to the sales and trading activities, ensuring the smooth running and completion of trades
- Compliance: monitoring of external regulations and best practices, ensuring operations security and compliance with internal rules
- Legal: contractual, advisory and regulatory support to all other departments to minimize exposure to legal risk
- Internal audit: verification of compliance of inside practices and rules with established rules and regulations, recommendations for improving internal control
- IT: definition, building, deployment, maintenance and development of information systems for all departments
- Finance: daily controlled accounting and payment flows, key analyses, and monthly financials
RiskEnsure that ENGIE Global Markets' activities are conducted in line with the risk policies and overall limits framework as approved by the Governance bodies and evaluated with sound valuation and risk models, in line with industry practice and regulatory requirements. The Risk Division is made up of six departments :
- Market risk
- Credit risk
- Operational risk
- Risk integration
- Risk methodologies
- New product analysis