Lead Market Regulatory and Compliance

5 months ago

Perth, Australia Synergy AU Full time

The time to join Synergy has never been more exciting because you’ll be helping us to deliver on our commitment towards becoming a net zero carbon emission business by 2050.

We are investing $3 billion in large-scale renewables development and creating unlimited opportunities for our people to contribute to the growth of innovative solutions in our operations as we invest. This is your chance to help us transform the energy industry and build a more sustainable future for Western Australia.

Synergy is proud to be Western Australia’s largest electricity generator and energy retailer. We deliver secure electricity to homes and businesses throughout the Southwest Interconnected System (SWIS) from Coral Bay in the north, to Kalgoorlie in the east, and to Esperance in the south

Click here to discover more about how Western Australia’s energy landscape is evolving to become more sustainable.

**Role Summary**:
The Market and Regulatory Compliance Lead is a newly created role based at Perth CBD office. In this pivotal position, you will provide crucial support to operational activities by ensuring **strict adherence to market and regulatory compliance** across Synergy’s large renewable and Distributed Energy Resources (DER) assets, including the Bright Energy Investment portfolio.

The objective of the role is to drive high level compliance culture, accuracy and consistency of financial modelling across the operational asset that would heavily influence our asset management plan. You will be the single point of contact with Strategic Analysis and Financial Planning team and working closely with the market modelling principal.

**Key responsibilities of the role include**:

- Monitor, guide, maintain standards and coach compliance activities with Wholesale Electricity Market (WEM) market rules, technical standards, and statutory regulations.
- Own and maintain Variable Cost Model and coordinate the periodic VOM update at the asset level as required.
- Validate the portfolio VOM model by working collaboratively with the operation team to confirm it aligns with the asset mission statement
- Identify and address compliance risks, ensuring system security and reliability and coach teams on compliance best practises, fostering a culture of excellence.
- Prepare report and escalate market and statutory non-compliance items by exception for management and regulatory body.

**What you’ll bring**:

- Bachelor’s degree in relevant fields such as:

- Commerce (Economics, Finance, Accounting)
- Law or Legal Studies
- Engineering with Energy specialisation
- Experience leading cross-functional engagements with business stakeholders.
- Detailed knowledge of energy or utility business models and value chains impacting financial outcomes and working or developing understanding on statutory obligations for energy infrastructures.
- Preferred working knowledge of PLEXOS model.

**What we offer**:
Working for an employer of choice also means you will enjoy:

- Flexible work arrangements
- Professional Development Opportunities
- Purchased Annual Leave
- Best practice parental leave

Click here for a full list of our benefits

**Every Voice Matters**

Our employees have a choice to work for Synergy and it’s a choice we respect and value. In addition to our focus on creating a greener future, Synergy is committed to its ‘people first’ culture and providing an exceptional place to work where our people experience a sense of belonging and have opportunities to learn and grow.

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