Senior Hedging Manager

💻 About the Role

The Amber Electricity product is Australia's leading electricity flexibility product. We pass-through real-time wholesale electricity directly to customers, allowing them benefit financially while supporting the energy transition.

Our model has proven robust through energy cycles over the last 7 years, but does create unique hedging and risk dynamics (for example our Price Protection Guarantee), as well as more conventional hedging challenges (for example, around environmental certificates price risk management).

The Senior Hedging Manager is responsible for developing and executing risk management strategies to hedge commodity price exposure, particularly for electricity and related energy products. The role requires individuals who have deep understanding of best practices in managing commodity risks, combined with first-principles thinking to design appropriate risk-management strategies for a unique value proposition. The role supports the company’s commercial and financial objectives by ensuring effective protection against market volatility, while complying with regulatory and internal risk frameworks.

👉🏽 Key Responsibilities

• Hedging Strategy & Execution
• Develop, execute, and monitor hedging strategies to manage exposure to energy market risks (wholesale electricity, renewable certificate schemes, carbon credits, etc.).
• Evaluate market conditions, price forecasts, and commercial positions to recommend appropriate hedging instruments.
• Develop and manage electricity price hedging strategies (e.g. swaps, caps, floors, options) aligned with our unique wholesale pass through business model.
• Maintain and update hedge books in accordance with risk limits and financial policies.
• Execute hedging transactions via ASX Energy, OTC markets, or bilateral contracts, ensuring alignment with portfolio and physical positions.
• Monitor hedge coverage relative to forecast load, generation, and PPA positions across NEM regions (NSW, VIC, QLD, SA, TAS).

• Market & Risk Analysis
• Analyse forward price curves, settlement residue auctions (SRAs), and contract-for-difference (CFD) exposures. Conduct scenario analysis, sensitivity analysis, and value-at-risk (VaR) calculations.
• Assess the impact of NEM policy/regulatory changes (e.g. 5MS, capacity mechanism reforms) on hedge requirements and strategy.
• Track market movements, price curves, and macroeconomic factors impacting energy commodity prices.
• Liaise with traders, commercial teams, and risk management to evaluate hedging needs and opportunities.

• Performance Monitoring & Reporting
• Prepare and present regular hedge effectiveness reports, profit-at-risk (PaR), and sensitivity/VAR analysis to senior management. When required analyze hedge effectiveness under IFRS 9 or equivalent accounting frameworks. Collaborate with finance to ensure compliance with hedge accounting under AASB 9/IFRS 9.
• Provide input into monthly risk and treasury reporting to senior management and the board. Participate in cross-functional NEM risk and strategic planning sessions.

• Compliance & Risk Governance
• Work closely with legal and compliance teams to structure contracts and ensure proper documentation.
• Support internal and external audit processes relating to hedging and financial instruments

• Stakeholder Engagement
• Collaborate with finance, marketing and operations to align risk management practices with business needs.
• Engage with external market participants, brokers, and counterparties for market insight and trade execution.