Senior Middle Distillates Trader
Senior Middle Distillates Trader

Senior Middle Distillates Trader

Full-Time 80000 - 100000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead trading activities in middle distillates and execute innovative trading strategies.
  • Company: Join Eni, a global leader in energy transition and sustainability.
  • Benefits: Enjoy a competitive salary, flexible working options, and a comprehensive benefits package.
  • Other info: Dynamic, multicultural environment with opportunities for rapid career growth.
  • Why this job: Make a real impact on Eni's Net Zero 2050 strategy while growing your career.
  • Qualifications: Degree in relevant fields and extensive trading experience required.

The predicted salary is between 80000 - 100000 £ per year.

At Eni, we are seeking a Senior Middle Distillates Trader to join Eni Trade & Biofuels (ETB) in London, UK. This position forms part of the Oil Trading business within ETB and reports to the Head of Middle Distillate, Heavies & Specialties, and Oil Derivatives Trading.

This role offers unparalleled exposure to the full commodity trading lifecycle - both physical and financial - through close collaboration with colleagues in our Front Office team, as well as with key functions including Risk, Finance, Back Office, and multiple business units.

Under the supervision of the Team Manager, the successful candidate will contribute to the development and execution of Middle Distillates trading activities in alignment with ETB’s overall strategy.

Main responsibilities:
  • Oversee a significant flow in the Med thanks to our strong portfolio and downstream commercial activities.
  • Execute physical and paper trades in middle distillates to maximise P&L within defined risk parameters.
  • Structure and execute arbitrage opportunities across regions and markets.
  • Develop and implement proprietary trading strategies to capture arbitrage, hedging, and speculative opportunities, including spread trading, volatility strategies and arbitrage.
  • Support business growth through new initiatives and ideas to ensure the organic and sustainable development of the desk.
  • Monitor and hedge market exposures using futures, swaps and derivatives.
  • Track market fundamentals, pricing trends, freight, refining margins and inventory levels.
  • Analyse macroeconomic trends, geopolitical risks, and market sentiment to inform trading decisions.
  • Utilise technical analysis, quantitative models, and real-time data to identify trading opportunities.
  • Build and maintain strong relationships with refiners, trading houses and end users.
  • Negotiate contracts, offtake agreements and term supply deals.
  • Collaborate with operations, risk, finance, and credit teams to ensure smooth execution.
  • Work closely with risk management to monitor exposures and adhere to position limits.
  • Communicate market views, trade ideas and risk assessments to senior management.
  • Guide and mentor Trading Analysts/Juniors, contributing to their professional development.
  • Ensure all trading activity is always in compliance with relevant regulatory requirements and internal controls.
Skills and experience required:
  • A degree in Engineering, Mathematics, Finance, Economics or a related field is preferred.
  • Extensive experience in trading.
  • Proven track record of delivering results and growing a trading desk.
  • Strong understanding of futures, options, swaps and structured energy derivative products.
  • Strong analytical and quantitative skills, with proficiency in trading platforms and financial modelling.
  • Excellent negotiation, communication and interpersonal skills.
  • Proven ability to work in a fast-paced, dynamic environment and make informed decisions under pressure.
  • Solid understanding of risk management principles and regulatory requirements.
  • High level of integrity and commitment to ethical standards.
  • Strong team player.
  • Experience working within a global and international organisation is preferred.
  • Full command of the English language (written and spoken); knowledge of additional languages would be an asset.
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.

Applications are only accepted through our online application system. Please upload your CV in English.

Senior Middle Distillates Trader employer: Eni Plenitude

Eni is an exceptional employer, offering a dynamic and collaborative work culture in the heart of London, where you can engage in impactful trading activities that contribute to Eni's Net Zero 2050 strategy. With a strong focus on employee growth, Eni provides rapid learning opportunities and the potential for international career advancement, all while promoting a healthy work-life balance through a comprehensive benefits package. Join a diverse team at the forefront of the energy transition, where your contributions will be valued and your professional development supported.
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Contact Detail:

Eni Plenitude Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Middle Distillates Trader

✨Tip Number 1

Network like a pro! Reach out to industry contacts on LinkedIn or attend trading events. Building relationships can open doors that applications alone can't.

✨Tip Number 2

Prepare for interviews by brushing up on your market knowledge. Be ready to discuss recent trends in middle distillates and how they impact trading strategies.

✨Tip Number 3

Showcase your analytical skills during interviews. Bring examples of how you've used data to make trading decisions or identify opportunities in the past.

✨Tip Number 4

Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people at Eni.

We think you need these skills to ace Senior Middle Distillates Trader

Commodity Trading
Middle Distillates Trading
Physical and Financial Trading
Risk Management
Market Analysis
Futures and Options Trading
Quantitative Modelling
Negotiation Skills
Communication Skills
Interpersonal Skills
Analytical Skills
Decision-Making Under Pressure
Team Collaboration
Regulatory Compliance
Contract Negotiation

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Senior Middle Distillates Trader role. Highlight relevant experience in trading, risk management, and any specific skills that align with the job description. We want to see how you can bring value to our team!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about trading and how your background makes you a perfect fit for Eni. Don’t forget to mention your understanding of the energy market and your innovative ideas.

Showcase Your Analytical Skills: Since this role requires strong analytical abilities, be sure to include examples of how you've used data analysis in your previous roles. Whether it's through trading strategies or market analysis, we want to see your thought process in action!

Apply Through Our Website: Remember, applications are only accepted through our online system. So, make sure to submit your application there. It’s the best way for us to review your credentials and get you into the selection process!

How to prepare for a job interview at Eni Plenitude

✨Know Your Market

Before the interview, dive deep into the current trends in the middle distillates market. Understand pricing trends, geopolitical risks, and macroeconomic factors that could impact trading decisions. This knowledge will not only impress your interviewers but also show that you're proactive and well-prepared.

✨Showcase Your Analytical Skills

Be ready to discuss your experience with quantitative models and trading platforms. Prepare examples of how you've used data analysis to inform trading strategies or decisions. This is crucial for a role that requires strong analytical skills, so make sure you highlight your successes in this area.

✨Demonstrate Team Collaboration

Since this role involves working closely with various teams, be prepared to share examples of how you've successfully collaborated in the past. Discuss how you’ve built relationships with colleagues in risk, finance, and operations, and how this has contributed to successful trading outcomes.

✨Prepare for Ethical Discussions

Given the importance of integrity and compliance in trading, think about scenarios where you've had to navigate ethical dilemmas. Be ready to discuss how you ensure compliance with regulatory requirements and internal controls, as this will resonate well with the company's values.

Senior Middle Distillates Trader
Eni Plenitude

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