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Manager, Energy Trading - Australia

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Date: May 24, 2022

Location: Sydney, NSW, AU

Company: TransAlta

WHO WE ARE 

 

“Powering Economies and Communities”

 

TransAlta owns, operates, and develops a diverse fleet of electrical generation assets in Canada, the United States and Australia, providing municipalities, industries, and businesses with safe, low-cost and reliable clean electricity. For over 100 years, TransAlta has been a responsible operator and proud community-member where its employees work and live. We are committed to fostering a dynamic, productive, and safe work environment. Our employees contribute to a diverse, open, and transparent culture with clear accountabilities, strong leadership, and challenging opportunities for personal career growth.

 

For more information about TransAlta, visit our website at, www.transalta.com.

 

Our Commitment to Equity, Diversity, and Inclusion

 

It is our collective mission to ensure that every single employee feels a sense of inclusion and belonging and can show up to work as their true authentic self. TransAlta is committed to hiring a diverse workforce including women, Indigenous Peoples, persons with disabilities, members of visible minorities, and members of the LGBTQ2+ community. TransAlta believes that diversity enhances the quality of its performance, is an essential element to effective corporate governance, and cultivates a strong workplace culture.

 

Click here for our Diversity and Inclusion Pledge.

 

ABOUT THE ROLE

 

We have something new and exciting, and we want you to be a part of it! TransAlta is expanding its Energy Marketing and Trading business to Australia. Currently, our Energy Marketing & Trading team deploys proprietary risk capital across all markets in Canada and the United States, while providing class-leading market insight for our Asset and Growth teams. 

 

We are currently looking to hire a Manager, Australian Trading to help build and expand our Energy Marketing & Trading business to Australia. The trade desk (office) is expected to be in Sydney, NSW, Australia.

 

The Manager, Energy Trading Australia will lead all trading aspects of the Australian trading desk. Reporting directly to our Vice President and Head Trader of Energy Trading and Marketing, as the Manager, Australian Trading you are accountable for delivering on the Trading Gross Margin targets, and the day-to-day tasks of the business while considering strategic and financial goals that are 1-2 years out. You will provide strategic direction to the Traders and Analysts within the Australian team and work collaboratively with other leaders and stakeholders within the Energy Marketing & Trading team to ensure the overall goals, growth targets and objectives of the Energy Trading and Marketing are met.

 

Key highlights of the role are: 

 

  • Family-friendly arrangements

  • Full corporate health insurance cover for yourself and family

  • Salary sacrifice packaging available

  • Eligibility for annual bonus 

 

ACCOUNTABILITIES / RESPONSIBILITIES

 

  • Developing, implementing, and reviewing a 1 – 2 year business plan and delivering the agreed outcomes for the Australian Desk

  • Delivering the agreed upon Trading Gross Margin targets through deploying risk capital within the approved products and tenor within the Australian Trading region

  • Providing leadership for optimal performance, by selecting, developing and managing direct reports capable of producing the agreed deliverables

  • Provides overall planning, leadership, and direction to employees by setting the context and direction, defining accountabilities, tasks, and assignments, and establishing boundaries for decision making and approvals

  • Identifying and mitigating enterprise risk associated with Australian Trading

  • Determining areas of growth within trading parameters, including geographic, time, and product growth opportunities

  • Effectively and efficiently managing customer growth through operationalization of customer deals

  • Developing new strategies related to asset management including maximizing the gross margin and value of TransAlta's energy assets while respecting risk limitations, safety, and compliance guidelines

  • Managing relationships with existing customers

 

 

ABOUT YOU

 

The following are the must-have qualifications and experience to be successful in this role:

 

  • University degree - Tertiary qualification in business, engineering, commerce, mathematics or relevant numerical based discipline

  • 10 + years experience in the Energy Industry including the Australian physical electricity and gas markets

  • Registered as Trader in the NEM

  • Understanding of financial risk measures

  • Energy derivative understanding

  • Understanding of Energy Market Fundamentals, Power Asset Modeling, and Mathematical Modeling techniques

  • Ability to make decisions quickly and mitigate risks while ensuring compliance with prescribed parameter

  • Demonstrated expert knowledge of energy markets, with expert knowledge of Australian Power and Gas markets

  • Ability to identify areas of growth and develop and implement plans/actions to achieve that growth

  • Demonstrated knowledge of trading compliance requirements and ability to enforce these requirements within the team

  • Able to work collaboratively across the Energy Trading and Marketing team to meet growth targets, operationalize new commercial initiatives and find efficiencies across the teams while working within risk parameters

  • Managerial leadership skills with demonstrated capability to build trust in relationships; build, lead and develop diverse teams; coach and mentor leaders at various levels of the organisation

  • Proven ability to influence, negotiate and facilitate buy-in with a variety of stakeholders

  • Proven ability to initiate and lead adaption to change in a complex environment

  • Demonstrated ability to effectively represent our company TA in political, government, customer, and partner engagements

 

Additional requirements / expectations: 

 

  • Must fully apply oneself to all requirements of the position

  • Committed to achieving Trading targets while working collaboratively with other individuals within Energy Trading and Marketing

  • Committed to enhancing and maintaining a compliance culture; strong ethics coupled with respect for the highest compliance standards

  • Willing to work flexible hours as required

 

 

 

TransAlta offers a competitive remuneration package including private health insurance and eligibility for an annual bonus. Shortlisting will commence immediately, and we reserve the right to close applications at our sole discretion. The successful candidate will be required to complete applicable criminal background checks prior to hire. 

 

Become part of our TransAlta team today! We look forward to reviewing your application. All applications will be reviewed in a timely manner to the best of our abilities. We appreciate your patience and understanding during the recruitment process.