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- Tasks: Analyse market risks and performance for crude oil derivatives while supporting gas desk operations.
- Company: Join Eni, a global leader in energy transition and sustainability.
- Benefits: Enjoy competitive pay, health perks, flexible working, and career growth opportunities.
- Why this job: Make an impact on Eni's Net Zero 2050 strategy in a dynamic, multicultural team.
- Qualifications: Degree in Finance, Economics, or similar; prior market risk experience preferred.
- Other info: Collaborative culture with rapid learning and international role potential.
The predicted salary is between 36000 - 60000 £ per year.
Location: London, UK
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 London, 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.
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 bank.
- Proficiency in risk metrics such as VaR, stress testing and scenario analysis.
- Good knowledge of derivatives and options instruments.
- Strong proficiency in Excel and VBA; experience with SQL and/or Python would be an advantage.
- Knowledge of one or more ETRM systems (e.g., Endur) or BI tools (e.g., QlikSense/Power BI) would be an advantage.
- Strong organisational skills, with the ability to work to tight deadlines and maintain excellent attention to detail.
- Strong communication and interpersonal skills, with the ability to work effectively with stakeholders in an international environment and communicate concisely to senior management.
- 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.
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.
MARKET RISK ANALYST employer: Eni
Contact Detail:
Eni Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land MARKET RISK ANALYST
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Market Risk Analyst role.
✨Ace the Interview
Prepare for your interviews by researching common questions for market risk roles and practising your answers. We recommend using the STAR method to structure your responses, so you can showcase your skills and experience effectively. Remember, confidence is key!
✨Show Off Your Skills
When you get the chance to meet potential employers, make sure to highlight your proficiency in risk metrics and tools like Excel, VBA, and SQL. We want to see how you can bring value to the team, so don’t hold back on sharing relevant projects or experiences.
✨Apply Through Our Website
Don’t forget to apply through our website for the best chance at landing that dream job! We’re always looking for passionate individuals to join our dynamic team, and applying directly shows your enthusiasm for the role. Let’s make it happen together!
We think you need these skills to ace MARKET RISK ANALYST
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Market Risk Analyst role. Highlight relevant experience in market risk, derivatives, and any specific skills like Excel or VBA that match the job description.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share your passion for the energy sector and how your background aligns with Eni's mission and values.
Showcase Your Analytical Skills: Since this role involves a lot of analysis, be sure to include examples of how you've successfully used analytical skills in past roles. Mention any experience with risk metrics like VaR or stress testing.
Apply Through Our Website: Don't forget to apply through our online application system! It's the best way for us to receive your application and ensure it gets the attention it deserves.
How to prepare for a job interview at Eni
✨Know Your Numbers
As a Market Risk Analyst, you'll need to be comfortable with risk metrics like VaR and stress testing. Brush up on these concepts before your interview, and be ready to discuss how you've applied them in previous roles. This shows you’re not just familiar with the theory but can also put it into practice.
✨Understand the Crude Oil Market
Make sure you have a solid grasp of the physical crude market and refinery systems. Research current trends and recent news in the crude oil derivatives space. Being able to discuss these topics will demonstrate your genuine interest and knowledge about the industry.
✨Showcase Your Technical Skills
Proficiency in Excel and VBA is crucial for this role, so be prepared to talk about specific projects where you've used these tools. If you have experience with SQL or Python, mention that too! Highlighting your technical skills will set you apart from other candidates.
✨Communicate Effectively
Strong communication skills are key, especially when dealing with stakeholders across different teams. Practice explaining complex concepts in simple terms, as you might need to present your findings to senior management. This will show that you can bridge the gap between technical analysis and business strategy.
