SENIOR MIDDLE DISTILLATES TRADER

Job title: SENIOR MIDDLE DISTILLATES TRADER
Location: London, UK
Job reference #: 32162
Contract type: Permanent
Language requirements: Proficient in English
About Eni Trade & Biofuels
ENI Trade & Biofuels (ETB) is a leading global energy company focused on the trading of crude oil, refined oil products, and biofuels. ETB operates out of London, Rome, Singapore, and Houston to support Eni\’s strategy for sustainability and energy transition.
Main Responsibilities
Oversee a significant flow in the Med thanks to our strong portfolio and downstream commercial activities.
Execute physical and paper trades in middle distillates to maximise P&L within defined risk parameters.
Structure and execute arbitrage opportunities across regions and markets.
Develop and implement proprietary trading strategies to capture arbitrage, hedging, and speculative opportunities, including spread trading, volatility strategies and arbitrage.
Support business growth through new initiatives and ideas to ensure the organic and sustainable development of the desk.
Monitor and hedge market exposures using futures, swaps and derivatives.
Track market fundamentals, pricing trends, freight, refining margins and inventory levels.
Analyse macroeconomic trends, geopolitical risks, and market sentiment to inform trading decisions.
Utilise technical analysis, quantitative models, and real-time data to identify trading opportunities.
Build and maintain strong relationships with refiners, trading houses and end users.
Negotiate contracts, offtake agreements and term supply deals.
Collaborate with operations, risk, finance, and credit teams to ensure smooth execution.
Work closely with risk management to monitor exposures and adhere to position limits.
Communicate market views, trade ideas and risk assessments to senior management.
Guide and mentor Trading Analysts/Juniors, contributing to their professional development.
Ensure all trading activity is always in compliance with relevant regulatory requirements and internal controls.
Skills and Experience Required
A degree in Engineering, Mathematics, Finance, Economics or a related field is preferred.
Extensive experience in trading.
Proven track record of delivering results and growing a trading desk.
Strong understanding of futures, options, swaps and structured energy derivative products.
Strong analytical and quantitative skills, with proficiency in trading platforms and financial modelling.
Excellent negotiation, communication and interpersonal skills.
Proven ability to work in a fast‑paced, dynamic environment and make informed decisions under pressure.
Solid understanding of risk management principles and regulatory requirements.
High level of integrity and commitment to ethical standards.
Strong team player.
Experience working within a global and international organisation is preferred.
Full command of the English language (written and spoken); knowledge of additional languages would be an asset.
Benefits
Impactful Work: Play a crucial role in Eni\’s Net Zero 2050 strategy.
Collaborative Culture: Multicultural, supportive and dynamic work environment.
Career Growth: Rapid learning opportunities and potential for movement across teams and international roles.
Work-Life Balance: Comprehensive benefits package including health and well‑being, flexible working options.
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