Wholesale Risk Management Specialist

4 weeks ago


Melbourne, Victoria, Australia Energy Australia Full time

About Us

At Energy Australia, we're committed to leading the clean energy transformation for all. Our ability to deliver on this purpose is dependent on our people, and our Wholesale Risk team plays a critical role in providing technical and industry expertise for long-term scenario planning, demand and load forecasting, market and credit risk management, and risk analytics to assist decision-making and overseeing our risk exposures.

About the Role

As a Wholesale Risk Lead, you'll be at the forefront of driving critical risk management initiatives. You'll conduct rigorous quantitative risk analysis and lead the development of cutting-edge methodologies, tools, and models to identify and measure risks associated with energy market activities across our Energy Business Unit and beyond. Your focus will be on managing risk analytics projects, energy market risk quantification, valuation of derivatives, and providing quantitative analytical support to the risk team and broader business.

Key Responsibilities

  • Manage Risk Analytics Projects - Plan, manage, and complete risk analytics projects that have been endorsed by the Board or Executives.
  • Energy Market Risk Quantification - Assess wholesale energy market risks across all energy commodities by defining, developing, and maintaining a set of quantitative measures (e.g., Value at Risk, Margin at Risk, Cash Flow at Risk stress test, spot market risk modeling).
  • Valuation of Derivatives - Develop quantitative methodology and models to value derivatives for Mark to Market accounting and credit exposure with trading counterparties.
  • Quantitative Analytical Support to Risk Team and Broader Business - Provide quantitative risk analytic support to the Wholesale Risk team and broader business.

Requirements

We're seeking an experienced professional with a tertiary qualification in a quantitative discipline, ideally in finance, engineering, or economics, coupled with a minimum of 6 years' hands-on experience in energy markets and commodity trading. Your expertise in financial risk management tools will be invaluable, especially in developing risk metrics like Value at Risk, Margin at Risk, and Cash Flow at Risk, as well as conducting robust stress testing. Strong quantitative and analytical skills are a must, complemented by proficiency in statistical modeling techniques and programming languages such as R and Python. Experience with SQL for data extraction and transformation is also essential.

We offer a dynamic and inclusive work environment, where everyone's welcome. Our benefits include employee discounts on electricity and gas, annual performance bonuses, 20 weeks' paid parental leave, and a state-of-the-art Melbourne office with stunning views and a short walk from Southern Cross station. If you share our passion for a clean energy future for all, we encourage you to apply for this exciting opportunity.



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