MARKET RISK ANALYST

Job title: Market Risk Analyst (Crude Oil Derivatives)
Location: London, UK
Job reference #: 32780
Contract type: Permanent
Language requirements: Fluent level of English

At Eni, we are looking for a Market Risk Analyst (Crude Oil Derivatives) within Eni Trade & Biofuels (ETB) in London, UK. You will be responsible for providing daily performance and market risk analysis for the crude oil derivatives business in London and Brussels, while also supporting the gas desk as required.

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. Eni is at the forefront of the energy industry, specializing in exploration, production, transport, and marketing of oil, natural gas and biofuels.

Main responsibilities:

• Report daily market exposure and P&L for the COD desk in a timely and accurate manner, including analysis of P&L by trading strategy and by key drivers (commodity market movements, FX, IR, option Greeks).
• Calculate risk metrics such as VaR and conduct stress tests.
• Ensure compliance with trading procedures and internal risk limits: proactively monitor the utilisation of risk limits and address any breaches.
• Analyse the positions taken by the desk and ensure these fall within the organisation's risk framework; identify significant risks and ensure they are clearly communicated to senior management.
• Identify and resolve issues related to transaction, market, or reference data.
• Maintain a solid understanding of the physical crude market and the refinery system.
• Support new business initiatives, system enhancements, and process improvement projects.
• Drive continuous improvement of daily risk reporting processes.
• Perform ad hoc analyses to support other EGEM/Eni functions.
• Contribute to month-end and quarter-end reconciliation activities with Back Office and Accounting for COD desk operations.
• Provide information and commentary for the bi-weekly EGEM Risk Committee meetings.
• Develop and maintain strong relationships with internal and external stakeholders, particularly Front Office, Back Office, Accounting, Planning & Control, Finance, and IT. Provide appropriate support to Front Office for the approval of new products or non-standard initiatives.
• Monitor procedural compliance with new financial regulations (EMIR, Dodd-Frank, REMIT, MiFID II) as part of first-level control activities, including reporting and reconciliation.

Skills and experience required:

• University degree in Finance, Economics, Mathematics, Engineering or a similar discipline.
• Prior experience in a market risk role, either within a trading company or a bank.
• Proficiency in risk metrics such as VaR, stress testing and scenario analysis.
• Good knowledge of derivatives and options instruments.
• Strong proficiency in Excel and VBA; experience with SQL and/or Python would be an advantage.
• Knowledge of one or more ETRM systems (e.g., Endur) or BI tools (e.g., QlikSense/Power BI) would be an advantage.
• Strong organisational skills, with the ability to work to tight deadlines and maintain excellent attention to detail.
• Strong communication and interpersonal skills, with the ability to work effectively with stakeholders in an international environment and communicate concisely to senior management.
• Fluent level of English.

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.

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