Offers “ENGIE”

Expires soon ENGIE

Quantitative Risk Analyst (Energy & Commodities)

  • Melbourne (MELBOURNE CITY)

Job description

The Role:

We have an exciting opportunity for a quant professional to become a vital member of our risk team!

The quantitative risk analyst will solve problems using quantitative and IT skills and proactively influence business decisions through insightful, high quality analysis and reporting. You will also contribute to the ongoing development of the risk systems, processes and frameworks in response to current and emerging business requirements within the business risk standards.

Key Responsibilities include:

·  Develop methodologies and models for estimating the expected payoffs as well as the corresponding uncertainty (at risk) for various physical and financial commodity positions
·  Assess new and existing counter-parties with respect to aspects such as initial and subsequent credit ratings, limit setting and exposure measurement
·  Proactively advise, challenge and support front office position management and business development and monitor the timely execution of risk management decisions and compliance within risk limits
·  Facilitate the deployment of risk representation systems and risk models and participate in the definition of risk limits, aligning risk appetite and growth strategies with risk framework
·  Key contributor to the ongoing development of the Risk Framework, (including governance arrangements, policies, processes and systems) in response to current and emerging business and customer needs

About You:

The ideal candidate will have knowledge of energy markets, energy trading products, hedging strategies and metrics used in risk management such as VaR, EaR, CVaR, EVA etc. You will have change management and project management experience, preferable gained from a matrix work environment. You are collaborative in your approach and able to instil trust and balance stakeholders.

In addition, the successful incumbent will have:

·  Technical / programming skills in SQL, VBA and coding skills in Python;
·  Practical experience with an Energy Trading and Risk Management (ETRM) platform
·  Ability to monitor compliance with applicable regulations including Australian Financial Services Licences (AFSL) and European Market Infrastructure Regulation EMIR)
·  Energy industry experience
·  Tertiary degree in mathematics, science, quantitative finance, engineering or equivalent

Next Steps

If this sounds like the role for you, please apply with a covering letter that addresses the purpose of the role, together with your up-to-date resume.

All applicants must have unlimited rights to work in Australia.

Please note we consider applications on an ongoing basis and therefore encourage you to apply at your earliest opportunity.

About Global Energy Management (GEM)

GEM is one of ENGIE’s global business units. Its mission is to ensure the competitiveness and optimisation of ENGIE group’s business units and to develop its own franchise trough a comprehensive range of services related to energy management.

In 2020, GEM decided to incorporate a wholly-owned Australian subsidiary (EEMA) to provide risk and asset management expertise as well as to support existing ENGIE businesses in Australia.

This encompasses a sound and robust control environment for all GEM’s usual risks (credit, market, KYC/AML, operational, liquidity, regulatory, etc.) balanced with the ability to facilitate the commercial development of the Australian GEM franchise.

About ENGIE:

ENGIE is building better lives by energising people and communities. Our mission is to accelerate and support the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally-friendly solutions.

ENGIE Asia-Pacific is a diversified business which includes power generation, natural gas distribution, retail businesses and multi-technical services. The energy mix and fast-growing demand for power in the region provides significant opportunities for growth.

Our main presence in the region is in Australia, Thailand, Singapore and Indonesia. Across these countries we operate gas-fired power plants as well as wind and solar and hydro plants. Using globally-leading technologies, we create innovative energy and smart solutions that enhance the performance of our homes, businesses and communities.

ENGIE Australia & New Zealand has four key business streams:

1) Energy Management is responsible for the commercial operation of renewable and thermal generating plants, the sales and marketing of energy solutions to B2B customers as well as large-scale asset development – predominantly in solar, wind and industrial-scale battery storage through a joint with ENGIE (72% Ownership) and Mitsui (28% Ownership).

2) Simply Energy is part of this joint venture and is one of Australia’s fastest growing energy retailers, with more than 750,000 electricity and gas customer accounts in Victoria, South Australia, New South Wales, Western Australia, The Australian Capital Territory and Queensland.

3) ENGIE Net Zero Energy Solutions is committed to building long-term partnerships to define, design, develop and deliver positive outcomes for our customers.

4) Hazelwood Rehabilitation Project is a dedicated business stream leading the safe, stable and sustainable rehabilitation of the former Hazelwood Power Station and Mine, which ceased operation in 2017.

Key figures - ENGIE in Australia & New Zealand

Energy Management:

Sales and marketing of energy solutions to B2B customers

1,100 MW of low-carbon energy capacity

Retail (Simply Energy)

More than 750,000 retail customers

ENGIE Net Zero Energy Solutions

Providing net zero energy solutions to businesses, communities and cities.

Additional Information
·  Posting Date: Jun 26, 2022

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