Senior Market Risk Analyst (Structured Products)

Job title: Senior Market Risk Analyst (Structured Products)

Location: London, UK

Job reference #: 33390

Contract type: Permanent

Language requirements: Fluent level of English

At Eni, we are looking for a Senior Market Risk Analyst (Structured Products) to join Eni Trade & Biofuels (ETB) in London. You will be responsible for the daily analysis of the Structured Products desk’s trading activities, generating reports on positions and PnL as well as providing ad hoc support to other desks’ operations as required (Gas, Crude Oil Derivatives, LNG, and Power & Emissions). You will also support the Market Risk projects team to provide cover for reporting and related responsibilities.

The team is constantly striving to improve its procedures through automation and a significant aspect of the role will be to continue the development of software to streamline daily processes and enhance the team’s analytic capabilities. In addition, the team is currently developing software to assist front office in system trading, using a variety of techniques including machine learning and artificial intelligence. There would be scope within this role to participate in the development of these tools.

Immerse yourself in the fast evolving world of energy trading, particularly within the growing biofuels market. ETB is committed to your professional development, offering a dynamic environment that values knowledge, innovation and career progression.

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. 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, with a sharp focus on biofuels trading. Our work with bio feedstock and bioproducts is central to our mission of shaping a sustainable future. When you join ETB, you become part of Eni – a leading global energy company with over 32,000 employees in 61 countries.

Responsibilities

• Preparing and reviewing daily P&L and risk reports, monitoring limits, and proactively resolving any issues in coordination with the relevant teams.
• Support front office in obtaining approval for new and non-standard products.
• Assisting in identifying significant risks within the business and ensuring they are transparent to senior management.
• Provide information and commentary for the bi-weekly Risk Committee meetings.
• Review and approve any relevant changes to the main ETRM system (Endur).
• Guarantee compliance for trading procedures with relevant controls and support when necessary internal and external audit requests.
• Participate in the enhancement of reporting and the development of reporting systems.

Skills and Experience

• University degree in a numerate discipline (e.g. economics, mathematics, pure science, finance, engineering or similar).
• Relevant experience in a market risk role within commodity trading companies or banks.
• Strong Knowledge of risk metrics such as VaR, stress-testing, scenario analysis.
• Good knowledge of derivatives and options.
• Strong knowledge of MS Office suite including Excel and VBA. SQL and Python would be a strong advantage.
• Knowledge of the Endur ETRM system would be an advantage.
• Analytical mindset and strong numerical skills.
• Strong organization skills with good attention to detail and the ability to work to tight deadlines.
• Strong communication skills, able to communicate concisely with senior management in the market risk function and with all stakeholders.
• Fluent level of English.

Benefits

• 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.

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