Job Description
IRC223922 - MARKET RISK ANALYST
At Eni, we are looking for a Market Risk Analyst within ETB in London. You will be responsible for assisting in providing the Company with the capability to value, monitoring and risk, managing across a range of traded markets. Dealing with ad hoc requests related to risk analytics for market risk in general and assisting in numerous projects, helping implement structure, consistency and new risk metrics.
About ETB
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 €66 billion and has a near €100bn turnover. It is not only a leading international upstream Company but
also Europe's largest natural gas Company. In keeping with Eni's overall strategy in respect of the global energy transition, starting from January 1, 2021, Eni Trade & Biofuels SpA ("ETB"), fully owned by Eni SpA, will be the sole entity responsible for the international trading of crude oil, petroleum products, bio-fuels and related financial derivatives for the Eni group.
In particular, ETB will be responsible for marketing Eni's oil equity productions, sourcing hydrocarbon and bio feedstock and marketing the resulting productions of its traditional and green refineries and of its petrochemical arm Versalis. ETB's activities further include the sourcing and management of maritime transportation and logistic services, and the provision of oil risk management services, for itself and on behalf of the whole Eni group, by trading commodity derivatives on the main regulated and over the counter markets.
ETB's integration with the wider Eni businesses ensures a global and integrated approach that is further reinforced by Eni's relationships and broad portfolio of global assets. ETB is present in the Uk, in Italy, in Singapore and through a subsidiary, in Houston - USA.
As a member of the finance team at ETB, you will be responsible for :
• Daily generate exposure and risk metric calculation, ensuring accuracy and timeliness,
• Daily monitoring of the market exposure and profit and loss move for assigned
physical books and related derivatives.
• Analysing, investigating, and commenting on PNL trading results focusing on trading and
• shipping performances and market trends;
• Maintaining a good knowledge of risk metrics (i.e. VaR and stress analysis) and performing ad hoc analysis where necessary.
• Maintaining a good knowledge of market conditions on monitored products through the use of provided tools.
• Supporting automation initiatives and where necessary working with ICT to drive necessary
developments.
• Interfacing and supporting the front office assigned desk in reaction to new market risks as well as the development of new markets/products;
• Guaranteeing compliance for trading procedures with relevant controls and support when
necessary internal and external audit requests;
• Contributing to the month and quarter-end activities for assigned books;
• Managing ad hoc demands.
This is the opportunity for you if you have these skills and requirements :
• experience within a Market Risk environment in an oil trading company.
• knowledge of risk metrics such as VaR, stress test, and scenario analysis,
• knowledge of Platt's Market on Close (MOC), E-window, and any other trading
• platform
• knowledge of financial hedging on Oil & Products.
• knowledge of vessel chartering shipping or bulk commodity movement.
• knowledge of one or more of IT systems would be an advantage (Endur, ICTS).
• good knowledge of Microsoft Office suite including excellent Excel abilities, preferably
• VBA.
• coding knowledge (Python etc) would be a plus.
• full command of the English language (spoken and written).
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.
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