MARKET RISK ANALYST in London

Location: London, UK

Job reference #: 32780

Contract type: Permanent

Language requirements: Fluent level of English

At Eni, we are looking for a Market Risk Analyst (Crude Oil Derivatives) within Eni Trade & Biofuels (ETB) in the UK. You will be responsible for providing daily performance and market risk analysis for the crude oil derivatives business in London and Brussels, while also supporting the gas desk as required.

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:

• Report daily market exposure and P&L for the COD desk in a timely and accurate manner, including analysis of P&L by trading strategy and by key drivers (commodity market movements, FX, IR, option Greeks).
• Calculate risk metrics such as VaR and conduct stress tests.
• Ensure compliance with trading procedures and internal risk limits: proactively monitor the utilisation of risk limits and address any breaches.
• Analyse the positions taken by the desk and ensure these fall within the organisation's risk framework; identify significant risks and ensure they are clearly communicated to senior management.
• Identify and resolve issues related to transaction, market, or reference data.
• Maintain a solid understanding of the physical crude market and the refinery system.
• Support new business initiatives, system enhancements, and process improvement projects.
• Drive continuous improvement of daily risk reporting processes.
• Perform ad hoc analyses to support other EGEM/Eni functions.
• Contribute to month-end and quarter-end reconciliation activities with Back Office and accounting for COD desk operations.
• Provide information and commentary for the bi-weekly EGEM Risk Committee meetings.
• Develop and maintain strong relationships with internal and external stakeholders, particularly Front Office, Back Office, Accounting, Planning & Control, Finance, and IT.
• Provide appropriate support to Front Office for the approval of new products or non-standard initiatives.
• Monitor procedural compliance with new financial regulations (EMIR, Dodd-Frank, REMIT, MiFID II) as part of first-level control activities, including reporting and reconciliation.

Skills and experience required:

• University degree in Finance, Economics, Mathematics, Engineering or a similar discipline.
• Prior experience in a market risk role, either within a trading company or a...