At a Glance
- Tasks: Analyse market risks and produce daily reports for traders and management.
- Company: Eni is a leading energy company focused on oil, gas, and emissions trading.
- Benefits: Enjoy flexible working, continuous training, and a focus on well-being.
- Other info: Diversity and inclusion are key values at Eni, promoting a vibrant workplace.
- Why this job: Join a dynamic team making an impact in the energy transition with innovative solutions.
- Qualifications: Degree in Economics, Finance, or related fields; experience in market risk required.
The predicted salary is between 43200 - 72000 £ per year.
At Eni, we are looking for a Senior Risk Analyst within EGEM in London. You will work on real-time front-line control and business information for management and traders, including daily PNL, risk reporting and risk analysis. You will also participate in projects to improve the ETRM and support broader commercial activities.
About EGEM (Eni Global Energy Markets): Eni is one of the leading integrated energy companies with activities in exploration, production, transport, and marketing of oil and natural gas. Eni has a market capitalisation of €33bn and has a €70bn turnover. It is not only a leading international upstream Company but also Europe's largest natural gas Company. In January 2021, Eni integrated the Gas, LNG, Power & Emission related activities to form Eni Global Energy Markets. EGEM internationally trades Gas, LNG, Power & Emissions and Oil derivatives (mainly to hedge GLP Business contracts) while maintaining the full capabilities and trading activities of the former ETS GLP business. EGEM's headquarter office is in Milan, the company also has offices in London, Brussels and Singapore.
As a member of the Market Risk LNG, Power and Emissions department you will be responsible for:
- Producing, reviewing and distributing daily PNL and risk reports and following up on any issues with relevant teams;
- Analysing the P&L by trading strategy and by P&L drivers (commodity market moves/ FX/IR/option greeks);
- Ensuring that all risk limits are adhered to and dealing with any mitigating actions following the breach of such limits (e.g. monitoring the unwinding of the related positions), as well as assisting with the implementation of new limits/reallocating existing ones when necessary;
- Identifying significant risk drivers within the business, ensuring transparency with senior management;
- Maintaining a strong knowledge of current Power, Emissions and LNG market signposts and trends;
- Supporting Front Office in new products and non-standard products approvals;
- Participating in the enhancement and development of ETRM systems and reporting platforms;
- Defining forward curves methodologies for accurate mark to market and fair value reporting;
- Contributing to the month/quarter/year-end closing and reconciliation activities with Back Office/Accounting teams;
- Guaranteeing compliance of trading procedures with relevant controls and supporting internal and external audit requests;
- Supporting other Market Risk teams if/when required.
This is the opportunity for you if you have the following skills and requirements:
- University degree in Economics, Finance, Statistics, Mathematics, Physics or Engineering disciplines;
- Strong experience in a market risk in trading companies or banks;
- Strong knowledge of derivatives trading;
- Strong knowledge of the LNG, Power and Emissions markets and their main dynamics;
- Strong knowledge of risk metrics such as VaR, stress testing and scenario analysis;
- Strong Excel and VBA skills, knowledge of Python/Matlab/SQL is an advantage;
- Knowledge of one or more ETRM systems would be an advantage;
- Highly organised with good attention to detail and a results-oriented approach;
- Strong communication and interpersonal skills, able to build effective relationships across the business;
- Strong analytical and numerical skills.
Location: London
Contract type: Permanent
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. 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.
SENIOR MARKET RISK ANALYST (LNG) employer: Eni
Eni is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and passion drive our mission in the energy sector. We prioritise employee growth through continuous training and promote a culture of diversity and inclusion, ensuring that every team member can thrive while maintaining a healthy work-life balance. With a commitment to flexible working arrangements and a focus on well-being, Eni empowers its employees to make meaningful contributions to the global energy transition.
StudySmarter Expert Advice🤫
We think this is how you could land SENIOR MARKET RISK ANALYST (LNG)
✨Tip Number 1
Familiarise yourself with the latest trends in the LNG, Power, and Emissions markets. Being well-versed in current market dynamics will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the energy sector, especially those involved in market risk analysis. Attend industry events or webinars to connect with potential colleagues and gain insights into the company culture at Eni.
✨Tip Number 3
Brush up on your Excel and VBA skills, as these are crucial for the role. Consider taking online courses or working on personal projects that require advanced data analysis to showcase your proficiency.
✨Tip Number 4
Prepare to discuss specific risk metrics like VaR and stress testing during your interview. Having concrete examples of how you've applied these concepts in previous roles will set you apart from other candidates.
We think you need these skills to ace SENIOR MARKET RISK ANALYST (LNG)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in market risk analysis, particularly in trading companies or banks. Emphasise your knowledge of LNG, Power, and Emissions markets, as well as your proficiency in risk metrics like VaR and stress testing.
Craft a Compelling Cover Letter:In your cover letter, express your passion for the energy sector and how your skills align with Eni's mission. Mention specific projects or experiences that demonstrate your analytical abilities and familiarity with ETRM systems.
Showcase Technical Skills:Highlight your strong Excel and VBA skills, and if applicable, mention your knowledge of Python, Matlab, or SQL. Provide examples of how you've used these tools in previous roles to analyse data or improve reporting processes.
Prepare for Potential Questions:Anticipate questions related to your understanding of market dynamics and risk management strategies. Be ready to discuss how you would approach risk reporting and compliance within the context of Eni's operations.
How to prepare for a job interview at Eni
✨Know Your Numbers
As a Senior Market Risk Analyst, you'll be dealing with P&L reports and risk metrics. Brush up on your knowledge of VaR, stress testing, and scenario analysis. Be prepared to discuss how you've applied these concepts in previous roles.
✨Stay Updated on Market Trends
Familiarise yourself with the latest trends in the LNG, Power, and Emissions markets. Being able to discuss current market dynamics will show your passion for the industry and your proactive approach to staying informed.
✨Demonstrate Technical Skills
Highlight your proficiency in Excel and VBA, and if you have experience with Python, Matlab, or SQL, make sure to mention it. Prepare examples of how you've used these tools to analyse data or improve reporting processes.
✨Showcase Your Communication Skills
Effective communication is key in this role. Be ready to explain complex risk concepts in simple terms and demonstrate how you've built relationships across teams in your past experiences. This will illustrate your ability to collaborate effectively.
