Senior Analyst, Financial and Wholesale Electricity Market Risk

About ASL:

AusEnergy Services Limited (ASL) is an independent subsidiary of the Australian Energy Market Operator (or AEMO). ASL is at the heart of the energy transition, partnering with governments on critical infrastructure programs that are delivering the energy system of tomorrow, today. Purpose-built to fulfill this role, we are a trusted intermediary between governments and the private sector, creating a bridge between policy ambitions and the action that will deliver a net-zero energy system that benefits all Australians. ​ASL is committed to best-in-class service delivery for partner governments and continually building our relationships with stakeholders who deliver and support new infrastructure. ​This is a unique organisation, which is an important part of the Australian Energy Market Operator. You'll be tasked with solving novel and complex problems, adapting to ever evolving energy system needs and proactively considering how to enhance outcomes for consumers and taxpayers.​ You'll collaborate with the brightest and best minds, growing your skills whilst belonging to a highly respectful and inclusive culture, sharing the commitment to an essential purpose.  

As a fully flexible working organisation, ASL can consider applications across Australia, however preference may be given to Melbourne, Sydney and Brisbane applicants for collaborative purposes. 

To find out more about our purpose, values and how we are bridging ambition and action to delivery the energy transition, please visit us here: https://asl.org.au/

About the Team:

ASL's System Planning and Financial Markets (SPFM) team is responsible for planning of energy infrastructure and management of the financial risk of any associated derivative portfolios.  It does this by supporting ASL’s Board - acting as the NSW Consumer Trustee under the Energy Infrastructure Investment Act 2020 (EII Act) - to publish a two-yearly report on the optimal investment pathway to achieve the renewable generation and storage targets set in the EII Act as well as a 10-year tender program for developers to bid for long-term energy service agreements to support their investment in renewable energy projects.  It also supports the Board to authorise network infrastructure projects to uplift network capacity in Renewable Energy Zones (REZ) and to set access fees so generators contribute to the benefit of connecting projects in a REZ. It also oversees the performance of the Scheme Financial Vehicle established under the EII Act to administer the funds collected from electricity consumers to pay for the energy transition in NSW.  The key focus for SPFM in supporting these functions is to maximise the long-term financial interests of NSW electricity consumers.
SPFM provides similar, but more limited services to the South Australian Government in overseeing the performance of its equivalent energy infrastructure fund used to support its energy transition under the SA Firm Energy Reliability Mechanism (SA FERM).
In doing this, SPFM has deep expertise in market modelling and derivative valuation as well as policy, analytical and regulatory expertise. The team collaborates extensively with AEMO but also with the Energy Corporation of NSW and the Scheme Financial Vehicle who are its partners in delivering the NSW energy transition as well as the SA FERM Financial Vehicle in South Australia.

About the Role and Responsibilities:

Reporting to the Principal, Financial & Wholesale Electricity Market Risk, this role is responsible for providing high-quality analysis, modelling, portfolio monitoring and risk assessment support across ASL energy transition programs and contract portfolios.

Key Responsibilities include (but not limited to);  

• Developing and maintain valuation, forecasting and risk models
• Undertaking quantitative analysis of derivative contracts and portfolio performance
• Supporting financial risk assessment activities during tender evaluations
• Preparing management, executive and governance reporting materials
• Monitoring portfolio risk exposures and identifying emerging issues
• Contributing to methodology improvements and analytical tool development
• Collaborating with commercial, policy and planning teams
• Providing informal technical support to junior team members

About You:

• Advanced Excel modelling and Python skills essential
• Demonstrated experience in financial risk management, analytics, energy markets or related fields
• Knowledge about cash flows analysis, hedging and quantitative finance technics such as derivative valuation methods (Black-Scholes, Monte Carlo) will be highly regarded
• Strong analytical and problem-solving capability
• Excellent written and verbal communication skills
• Relevant tertiary qualification in Quantitative Finance, Financial Engineering, Economics, Applied Mathematics (data science, statistics) or relevant discipline
• Understanding of, and interest in, the energy sector (e.g., consultancy, corporate finance adviser, government, utility company or similar) will be highly regarded