Derivatives Trader
Indexed description
What You’ll Do
Our trading team is an exciting and complex part of the business that manages our electricity portfolio and carbon obligations. We're looking for a pragmatic Trader to join the Auckland based team, where you'll be trading electricity derivatives and emission products to maximise trading gross margin. This includes ASX electricity futures and options, OTC derivatives, Financial Transmission Rights and NZ Emission Units.
Reporting To Our Derivatives Manager, Your Key Responsibilities Include
- Trade futures and other related products to maximise the value of Genesis's trading portfolio for both hedging and speculative purposes
- Analyse and negotiate significant short to long term hedge and forwards transactions
- Trade carbon products for Genesis's obligation and speculative portfolios
- Review hedge and forwards trading results and report on performance as required
- Provide analysis, commentary and recommendations on forward market opportunities
- Remain well informed on international markets and policy developments in Emissions trading and advise the business on potential impact and obligations.
- Commodity trading experience or equivalent trading/analytical experience in a highly compliance based environment
- An understanding of electricity markets - NZ or overseas
- Demonstrated experience in structuring and documentation of hedge agreements
- Conversant with the Emissions trading framework within NZ
- Relevant commercial/business tertiary qualification
- Experience in risk management, data analytics and model development
- Experience with algorithmic trading and development, with programming skills in Python and C++.
Some Of Our Benefits Include
- Southern Cross medical insurance, plus life, trauma and income protection insurances
- Electricity and gas discounts and an extra 20 Power Shout hours per year
- Up to 4% match on KiwiSaver contributions or 3% with our GenSaver allowance
- Flexible working and leave options to support you to balance personal and professional needs
- Annual wellbeing allowance, access to Best Doctors online service for you and your family and other wellbeing offerings
- Career development opportunities and a supportive learning culture.
Everyone’s journey is different.
At Genesis, we understand that everyone has unique needs and experiences. We’re committed to creating a recruitment process that is fair, accessible, and inclusive for all. If you require any adjustments or accommodations to participate fully in our hiring process, please don’t hesitate to let us know. We’re here to support you every step of the way.
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