MARKET RISK ANALYST (PRODUCTS) in London

At Eni, we are looking for a Risk Analyst (Products Risk) to join Eni Trade & Biofuels (ETB) in London, UK. You will be responsible for providing daily performance and market risk analysis for the Products & Bio Oil trading business in London and will work closely with the traders and other parts of the ETB organisation. This role offers exposure to the full commodity trading lifecycle - both physical and financial - through close collaboration with our Front Office, Risk functions, Finance, Back Office and multiple business units.

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.

Main responsibilities:

• Preparing and reviewing daily exposure reports, P&L and risk reports, monitoring limits, and proactively resolving any issues in coordination with the relevant teams;
• Assisting in identifying significant risks within the business and ensuring they are transparent to senior management;
• Keeping up to date with the current refined and products oil market;
• Supporting the Front Office in the approval of new and non-standard products;
• Participating in the enhancement of reporting and the development of reporting systems;
• Assisting in defining forward curve methodologies for accurate mark-to-market and fair value reporting;
• Contributing to month-end and quarter-end activities with Back Office/Accounting;
• Developing and maintaining strong business relationships with different functions, e.g. FO, BO, IT, Planning & Control.

Skills and experience required:

• University degree in economics, finance and/or related disciplines;
• Relevant experience in a market risk role within commodity trading companies or banks;
• Good understanding of crude and/or oil products and the shipping markets;
• Advanced understanding of pricing and hedging of physical activities using various derivative instruments (futures, swaps, options, etc.);
• Advanced understanding of risk metrics such as VaR, stress testing and scenario analysis;
• Knowledge of one or more ETRM systems would be an advantage (Endur, Symphony Freight);
• Strong knowledge of the MS Office suite, including excellent Excel and VBA skills; knowledge of Python, Power BI, Matlab and SQL is a plus;
• Ability to communicate concisely with senior management in Market Risk and with stakeholders;
• Highly organised, with strong attention to detail and the ability to work to tight deadlines;
• Analytical mindset and strong numerical skills;
• Full command of the English language (spoken and written).

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.

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.