At a Glance
- Tasks: Analyse market risks and enhance trading processes using innovative software solutions.
- Company: Join Eni, a global leader in energy transition and sustainability.
- Benefits: Enjoy a competitive salary, flexible working options, and comprehensive health benefits.
- Other info: Dynamic team environment with opportunities for career growth and international roles.
- Why this job: Make a real impact in the evolving biofuels market while developing your skills.
- Qualifications: Degree in a numerate discipline and experience in market risk within commodity trading.
The predicted salary is between 66150 - 80850 £ per year.
Location: London, UK
Contract type: Permanent
Language requirements: Fluent level of English
At Eni, we are looking for a Senior Market Risk Analyst (Products) to join Eni Trade & Biofuels (ETB) in London, UK. You will be responsible for providing daily performance and market risk analysis for the oil trading business in London, working closely with traders and other teams across ETB.
The team is constantly striving to improve its procedures through automation and a significant aspect of the role will be to continue the development of software to streamline daily processes and enhance the team’s analytic capabilities. In addition, the team is currently developing software to assist front office in system trading, using a variety of techniques including machine learning and artificial intelligence. There would be scope within this role to participate in the development of these tools.
Immerse yourself in the fast evolving world of energy trading, particularly within the growing biofuels market. ETB is committed to your professional development, offering a dynamic environment that values knowledge, innovation and career progression.
About ETB
ETB is the crude oil, refined oil products and biofuels trading and shipping company of Eni. We are a diverse and dynamic team of around 300 professionals distributed in three offices (Rome, London 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 PnL and risk reports, monitoring limits, and proactively resolving any issues in coordination with the relevant teams.
- Ensure that all risk limits are adhered to and assist in implementing new limits when necessary.
- Assist in identifying significant risks within the business and ensuring they are transparent to senior management.
- Remain up-to-date with the current refined products markets.
- Assist in defining forward curve methodologies for accurate mark-to-market and fair value reporting.
- Support Front Office with the approval of new products and non-standard products.
- Provide information and commentary for the bi-weekly Risk Committee meetings.
- Support Back Office with month and quarter-end activities as required.
- Review and approve any relevant changes to the main ETRM system (Endur).
- Mentor junior members of the team and promote knowledge sharing between teams.
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 company.
- Strong knowledge of refined products (blending, storage, biofuels, etc) and shipping markets.
- Advanced knowledge of risk metrics such as VaR, stress-testing, scenario analysis.
- Strong knowledge of pricing and hedging of physical activities with the use of various derivatives instruments (futures, swaps, options).
- Strong knowledge of MS Office suite including Excel and VBA. SQL and Python would be a strong advantage.
- Knowledge of the Endur ETRM system would be an advantage.
- Analytical mindset and strong numerical skills.
- Strong communication skills, able to communicate concisely with senior management in the market risk function and with all stakeholders.
- Strong organization skills with good attention to detail and the ability to work to tight deadlines.
- Able to mentor junior members.
- 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.
About Eni
Eni is a global energy company operating in 61 Countries, with over 30,000 employees. Originally an oil & gas company, it has evolved into an integrated energy company, playing a key role in ensuring energy security and leading the energy transition. Eni's goal is to achieve carbon neutrality by 2050 through the decarbonization of its processes and of the products it sells to its customers. In line with this goal, Eni invests in the research and development of technologies that can accelerate the transition to increasingly sustainable energy. Renewable energy sources, bio-refining, carbon capture and storage are only some examples of Eni's areas of activity and research.
Working at Eni
At Eni we believe in enterprising people, capable of making a difference and making their contribution with passion and innovation, to respond to the global challenges of the energy transition. For us, the skills and attitudes of each individual, continuous training, and diversity and inclusion are fundamental. We promote flexible ways of working with particular attention to well-being, welfare and work life-balance. Eni will evaluate applications considering plurality and diversity as sources of enrichment. If your application is assessed to be among those most in line with the required profile, you will be contacted to continue the selection process. Whatever your ambition, at Eni you can find the tools to make it happen.
Senior Market Risk Analyst (Products) 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.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Market Risk Analyst (Products) in London
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We think you need these skills to ace Senior Market Risk Analyst (Products) in London
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
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How to prepare for a job interview at Eni Plenitude
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
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Familiarise yourself with Eni Plenitude's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
