At a Glance
- Tasks: Execute trades and develop strategies in the dynamic world of middle distillates.
- Company: Join Eni, a global leader in energy transition and sustainability.
- Benefits: Enjoy a competitive salary, flexible working options, and a comprehensive benefits package.
- Other info: Collaborative culture with rapid learning opportunities and international roles.
- Why this job: Make a real impact on Eni's Net Zero 2050 strategy while growing your career.
- Qualifications: Degree in relevant fields and extensive trading experience required.
The predicted salary is between 72000 - 108000 £ per year.
This job is brought to you by Jobs/Redefined, the UK\'s leading over-50s age inclusive jobs board.
Job Description
Job title: SENIOR MIDDLE DISTILLATES TRADER
Location: London, UK
Job reference #: 32162
Contract type: Permanent
Language requirements: Proficient in English
At Eni, we are seeking a Senior Middle Distillates Trader to join Eni Trade & Biofuels (ETB) in London, UK. This position forms part of the Oil Trading business within ETB and reports to the Head of Middle Distillate, Heavies & Specialties, and Oil Derivatives Trading.
This role offers unparalleled exposure to the full commodity trading lifecycle - both physical and financial - through close collaboration with colleagues in our Front Office team, as well as with key functions including Risk, Finance, Back Office, and multiple business units. Crude oil and product trading is primarily based in ETB\'s London office, with additional trading personnel located in Singapore and Houston. Under the supervision of the Team Manager, the successful candidate will contribute to the development and execution of Middle Distillates trading activities in alignment with ETB\'s overall strategy.
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:
- 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.
- Excellent analytical and quantitative skills, with proficiency in trading platforms and financial modelling.
- Preferred knowledge of Python, VBA, SQL and MATLAB for quantitative analysis and modelling.
- Outstanding negotiation, communication and interpersonal skills.
- Demonstrated 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.
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 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
#LI-EIRL
SENIOR MIDDLE DISTILLATES TRADER in City of London employer: Eni
Eni Trade & Biofuels (ETB) offers an exceptional work environment in London, where employees are empowered to contribute to the energy transition while enjoying a collaborative and multicultural culture. With a strong focus on career growth, comprehensive benefits, and a commitment to work-life balance, ETB is dedicated to fostering professional development and innovation among its team members. Join us to be part of a dynamic team that plays a crucial role in shaping the future of sustainable energy.
StudySmarter Expert Advice🤫
We think this is how you could land SENIOR MIDDLE DISTILLATES TRADER in City of London
✨Tap into Campus Networks
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We think you need these skills to ace SENIOR MIDDLE DISTILLATES TRADER in City of London
Some tips for your application 🫡
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✨Brush Up on Financial Analysis Skills
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Before your interview, reach out to current or former Eni employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
