Senior Market Risk Analyst (Crude)

Job title: SENIOR MARKET RISK ANALYST (CRUDES)
Location: London, UK
Job reference #: 31768
Contract type: Permanent
Language requirements: Full professional proficiency in English

At Eni, we are looking for a Senior Market Risk Analyst (Crude) within Eni Trade & Biofuels (ETB) in London, UK.

You will be responsible for providing daily performance and market risk analysis for the crude oil trading business in London, working closely with traders and other parts of the ETB business. This role offers unparalleled exposure to the entire 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 in the burgeoning biofuels market. ETB is committed to your professional growth, offering a vibrant environment that values knowledge, innovation and career advancement.

About Eni Trade & Biofuels

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. 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, marketing and trading of oil, natural gas and biofuels. 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.

Main responsibilities:

• Preparing and reviewing daily P&L, position 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 crude oil market.
• Supporting the Front Office in the approval of new and non-standard products.
• Participating in reporting enhancements 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 in collaboration with Back Office and Accounting.
• Developing and maintaining strong business relationships with various functions, e.g., Front Office, Back Office, IT and 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 oil products and shipping markets.
• Advanced understanding of pricing and hedging of physical activities using various derivative instruments (futures, swaps, options, etc.).
• Strong knowledge of risk metrics such as VaR, stress testing and scenario analysis.
• Familiarity with one or more ETRM systems is an advantage (e.g., Endur, Symphony Freight).
• Solid 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 organized, with strong attention to detail and the ability to work under tight deadlines.
• Analytical mindset and strong numerical skills.
• Full command of the English language, both 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. 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. In addition, the company is exploring game-changing technologies such as fusion energy – a technology based on the physical processes that power stars and that could generate safe, virtually limitless energy with zero emissions.

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 individua l , 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.

Energy for action takers