At a Glance
- Tasks: Analyse market risks and support trading strategies in a dynamic energy environment.
- Company: Join Eni, a global leader in the energy transition and sustainability.
- Benefits: Enjoy a competitive salary, flexible working options, and a comprehensive benefits package.
- Other info: Collaborative culture with rapid learning opportunities and international roles.
- Why this job: Make a real impact on Eni's Net Zero 2050 strategy while growing your career.
- Qualifications: Degree in a numerate discipline and experience in market risk within commodity trading.
The predicted salary is between 55000 - 65000 £ per year.
Location: London, UK
Contract type: Permanent
Language requirements: Fluent level of English
At Eni, we are looking for a Market Risk Analyst (LNG, Power, Emissions) to join Eni Trade & Biofuels (ETB) in London, UK. You will work on real-time front-line control and business information for the management and traders, including daily PNL, risk reporting and risk analysis, participating also in projects to improve the ETRM and to support broader commercial activities.
About ETB
ETB is the trading and shipping company of Eni, covering crude oil, refined oil products and biofuels as well as gas, power, LNG and emissions. We are a diverse and dynamic team of around 300 professionals distributed in four offices (London, Rome, Brussels and Singapore) with the addition in Houston of Eni Trading & Shipping Inc (ETS Inc) which handles marketing of oils and petroleum products for the US market. Our team is also involved in marketing Eni’s oil equity productions, sourcing hydrocarbons and bio feedstocks, and managing the output of our traditional and green refineries. ETB is at the cutting edge of sustainability and innovation in the global energy market. As a dynamic force within the Eni group, which is a leader in the energy transition, at ETB we are rapidly establishing ourselves as a key player in the new energy landscape, with a sharp focus on biofuels trading. Our work with bio feedstock and bioproducts is central to our mission of shaping a sustainable future. When you join ETB, you become part of Eni – a leading global energy company with over 32,000 employees in 61 countries. Eni is at the forefront of the energy industry, specializing in exploration, production, transport, and marketing of oil, natural gas and biofuels.
Main responsibilities:
- Prepare and review daily P&L and risk reports, monitoring limits, and proactively resolving any issues in coordination with the relevant teams.
- Analyse PnL by trading strategy and by PnL drivers (commodity market moves/FX/IR/option Greeks).
- Ensure that all risk limits are adhered to and deal with any mitigating actions following the breach of such limits (e.g. monitoring the unwinding of the related positions) and assist in implementing new limits/reallocating existing ones when necessary.
- Assist with identifying significant risk drivers within the business, ensuring transparency with senior management.
- Support front office in obtaining approval for new and non-standard products.
- Assist with defining forward curves methodologies for accurate mark to market and fair value reporting.
- Contribute to the month/quarter/year-end closing and reconciliation activities with Back Office/Accounting teams.
- Provide information and commentary for the bi-weekly Risk Committee meetings.
- Review and approve any relevant changes to the main ETRM system (Endur).
- Guarantee compliance of trading procedures with relevant controls and support when necessary internal and external audit requests.
- Maintain a strong knowledge of current Power, Emissions and LNG market signposts and trends.
Skills and experience required:
- University degree in a numerate discipline (e.g. economics, mathematics, pure science, finance, engineering or similar).
- Relevant experience in a market risk role within a commodity trading environment.
- Strong knowledge of LNG, Power and Emissions markets.
- Strong knowledge of risk metrics such as VaR, stress-testing, scenario analysis.
- Strong knowledge of MS Office suite including Excel and VBA. Knowledge of Python, Matlab and SQL would be a plus. Knowledge of the Endur ETRM system would be an advantage.
- Strong organization skills with good attention to detail and the ability to work to tight deadlines.
- Strong communication skills, able to communicate concisely with senior management in the market risk function and with all stakeholders.
- Results-oriented and proactive approach.
- Fluent level of English.
Why ETB?
- Impactful Work: Join a team that plays a crucial role in Eni’s Net Zero 2050 strategy, benefiting from Eni’s strong trading position and global integration.
- Collaborative Culture: Experience a truly multicultural, supportive, and dynamic work environment.
- Career Growth: Rapid learning opportunities with potential for movement across teams and international roles.
- Work-Life Balance: Enjoy a balanced lifestyle with a comprehensive benefits package that may include health, well-being, and flexible working options.
How to apply:
Applications are only accepted through our online application system. Please upload your CV in English.
MARKET RISK ANALYST (LNG, Power, Emissions) in London employer: Eni Plenitude
Eni Plenitude is an exceptional employer that fosters a dynamic and collaborative work environment in the heart of London. Employees benefit from flexible working arrangements, ample opportunities for professional growth, and a culture that values communication and teamwork. Joining Eni means being part of a forward-thinking company that is committed to innovation in the oil trading sector, making it an ideal place for those passionate about their careers.
