Senior Derivatives Trader

Mercury NZ Limited; Auckland; Hybrid; NZD 180,000 - 280,000; Full time

Benefits offered by this job

MyDays leave

Home office stipend

Energy & telco discounts

Employee Share Scheme

Comprehensive well-being program

Gender affirmation leave

Job summary

Mercury NZ Limited is seeking a Senior Derivatives Trader in Auckland to develop and execute trading strategies across electricity derivatives, including NZ futures and FTRs. You will market-make on NZ futures, manage portfolio risk, and advance models and algorithmic trading tools while mentoring teammates.

You will work with the Head of Derivatives Trading to optimize generation and retail portfolio performance, using strong mathematical and programming skills and Excel for decision support.

Qualifications

• Bachelor's degree in engineering, finance, economics, commerce or science.
• Strong mathematical and analytical skills.
• Proven track record in electricity derivatives trading.
• Programming capability and Excel proficiency.
• Experience with NZ electricity futures and FTRs preferred.

Responsibilities

• Develop and execute proprietary trading strategies across electricity derivatives.
• Market make NZ electricity futures on the ASX and manage portfolio orders.
• Develop hedging strategies to manage portfolio exposure.
• Improve trading models and deploy algorithmic trading tools.
• Build relationships with brokers and market participants within risk limits.
• Mentor colleagues and share market insights.

Skills

Analytical skills

Programming ability

Excel proficiency

Education

Bachelor's degree

Tools

Excel

Job description

Mercury is a bold future-focused organisation, providing energy and telecommunications to more Kiwis than anyone else, leading the way with renewable energy and working toward a sustainable future. At the heart is our purpose. Taking care of tomorrow: connecting people and place today. This pushes us to do all we can to create a better future for our people, our communities, and Aotearoa New Zealand.

Turn your electricity market knowledge into trading strategies that deliver results. As our Senior Derivatives Trader, you’ll identify trading opportunities, manage financial exposure and help maximise the value of Mercury’s generation and retail portfolio.

Based in Auckland and reporting to the Head of Derivatives Trading, you’ll combine active trading with strategy development across electricity futures, financial transmission rights (FTRs), contracts for difference (CFDs) and options. You’ll contribute directly to trading performance while helping Mercury manage the risks associated with generation, transmission and changing market conditions.

This is a hands-on trading role with scope to improve our models and algorithmic trading tools, build strong market relationships and share your expertise with colleagues.

Tāu e mahi ai | What you’ll be doing:

• Develop and execute proprietary trading strategies across electricity derivatives, contributing to trading profit and loss.
• Actively market make NZ electricity futures on the ASX, meeting Mercury’s market making obligations and executing portfolio orders.
• Develop financial hedging strategies that manage portfolio exposure, including risks from outages, location price differences and dry-year conditions.
• Improve trading models and tools, including developing, deploying and overseeing algorithmic trading strategies.
• Build relationships with brokers and market participants, share market insights and support colleagues while operating within approved risk limits and market rules.
• A proven track record in electricity derivatives proprietary trading, including NZ electricity futures and FTRs, with demonstrated financial results.
• Strong knowledge of the New Zealand electricity market and the risks and opportunities involved in managing a generation portfolio.
• Strong mathematical and analytical skills, programming capability and confidence using Excel to support trading decisions.
• Sound commercial judgement, disciplined risk management and the ability to think clearly and respond under pressure.
• A bachelor’s degree in engineering, finance, economics, commerce or science, alongside clear communication skills and the ability to build relationships and mentor others.
• Additional 5 days leave per annum (MyDays)
• $400 one off tax-free payment towards setting up your home office
• Offers on electricity and telco - if you're a Mercury customer, you can enjoy 25% off eligible energy, broadband and mobile charges
• Join the Employee Share Scheme where you receive $1,000 of Mercury shares annually with a 3-year period of restriction
• A diverse workplace where your unique abilities and talents will be recognised and encouraged
• Annual salary reviews with an excellent parental leave policy, and the option to purchase additional leave
• The opportunities, career paths and facilities associated with working for one of New Zealand's largest multi-utility providers
• Flexible working policy - The autonomy and trust to work flexibly from our purpose-built premises and from home, recognising the value of this flexibility in the modern world
• Discounted health insurance and free life and income insurance
• Excellent well-being programme including up to $100 annual check-ups and confidential assistance programme
• Gender affirmation leave and supportive bereavement leave to be taken when you lose anyone close to you, including your pet

Mercury is a learning organisation that is committed to providing you with opportunities to grow and develop that will benefit you now and in the future. Part of your role includes building your skillset and mindset through a variety of ways. We believe this creates an energised, innovative and agile work environment where you will feel valued.

At Mercury, we believe different backgrounds, experiences and capabilities make us stronger. If this role matches your skills and interests, we encourage you to apply, even if you don’t meet every requirement.

Applications close at 5:00pm on Wednesday, 4th November.