Risk and Settlements Senior Analyst - Power

At Fortescue Future Industries (FFI) we are leading the global energy transition by developing a portfolio of renewable energy and green hydrogen projects.

Our large scale, low-cost hydropower, geothermal, solar and wind assets will support establishment of green energy and green product industries around the world.

FFI is committed to building thriving communities by delivering social, environmental and economic benefits.

Risk and Settlements Senior Analyst - Power

WORK LOCATION

Brisbane, QLD

ROSTER

Monday to Friday

ABOUT THE ROLE

The Risk and Settlements Analyst is responsible for the development of analytical tools and processes to support the financial risk management and settlement of FFI’s power trading activities. Working closely with other members of the Power Portfolio team and FFI’s finance team, the role is responsible for developing the capability to capture/settle trades and measure, monitor and report FFI’s exposure in accordance with the risk management framework.

KEY RESPONSIBILITIES

• Contribute to the development, implementation and ongoing enhancement of FFI’s risk management framework for power trading activities in the NEM
• Define the necessary data, systems and business processes to enable deal capture and settlements for FFI’s power trading activities in the NEM and leading their implementation from a business user perspective
• Define the necessary data, systems and business process to enable reconciliation and settlement with AEMO, network providers and meter data providers.
• Develop, implement and maintain appropriate risk analysis tools to calculate, monitor and report FFI’s financial exposures arising from its trading activities in accordance with the risk management framework
• Develop, implement and maintain appropriate tools to manage FFI’s compliance with the Renewable Energy Target for the NEM activities
• Working closely with other members of the Power Portfolio team to assist with, advise on and monitor the development and execution of trading strategies in the context of risk management

QUALIFICATIONS AND SKILLS REQUIRED

• 5+ years of experience in energy and financial risk management roles or similar.
• Experience with Australia’s National Electricity Market (NEM) is mandatory.
• Experience with other energy or commodity markets will be considered favourably.
• Knowledge of the National Electricity Rules (NER) and all relevant and associated legislation such as the Renewable Energy Electricity Act
• Knowledge of OTC and exchange traded products including an understanding of the ISDA legal framework and execution of trading arrangements
• Understanding of the Corporations Act and Competition and Consumer Act
• Experience in implementing or upgrading energy trading software is desirable

Candidates must be able to bring a flexible mindset, challenge traditional thinking, and be prepared to work outside of their comfort zone.

Our values drive our culture and performance through a strong focus on safety, family and determination.

Fortescue is deeply committed to providing a safe culture that builds respect, fosters inclusiveness, and values diversity. We celebrate individual strengths and team members from all backgrounds are encouraged to bring their whole selves to work.

Our global workforce drives and promotes an inclusive culture, both within our organisation and throughout the communities we interact with across the world. Diverse backgrounds include First Nations Peoples, people with differing abilities, LGBTIQ+ community, gender, neuro diverse, cultural diversity, all age groups, and those with an intersectional or multiple diverse characteristics. 

We encourage candidates from all backgrounds to apply.

www.fmgl.com.au/jobs-at-fortescue

Fortescue reserves the right to close applications early should a suitable pool of candidates be identified