Job Description
IRC224619 - RISK ANALYST (Market Risk Products)
At Eni, we are looking for a Risk Analyst (Market Risk Products) within ETB in London. You will be responsible for providing daily performance and market risk analysis for the oil trading business in Singapore and will work very closely with the traders and the other parts of the ETB business.
About ETB
Eni is one of the leading integrated energy companies with activities in exploration, production, transport, and marketing of oil and natural gas. As of April 2022 Eni has a market capitalisation of €51 billion and has over €75bn 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 department at ETB you will be responsible for :
• Preparing and reviewing of daily PNL and risk reports and follow up any issues with relevant teams;
• Ensuring that all risk limits are adhered to and assist in implementing new limits when necessary;
• Assisting in identifying the significant risk within the business, ensuring that they are transparent to senior management
• Keeping up-to-date to the current refined products market;
• Supporting front office in new products and non-standard products approval;
• Participating in enhancement and development of in ETRM systems;
• Assisting in defining forward curve methodologies for accurate mark to market and fair value reporting;
• Contributing to the month and quarter-end activities with Back Office/Accounting
• Developing and maintaining strong business relationship with different functions, e.g FO, BO, IT, Planning & Control;
• Mentoring junior members of the team and promote knowledge sharing between teams
This is the opportunity for you if you have these skills and requirements :
• University degree in economics, finance and / or engineering discipline;
• Relevant experience in a market risk role from trading companies or banks;
• Strong knowledge of refined products (blending, storage, biofuels etc.) and shipping markets
• Good understanding of pricing and hedging of the physical activities with the use of various derivatives instruments (futures, swaps, options etc.)
• Advanced knowledge of risk metrics such as VaR, stress testing, scenario analysis;
• Knowledge of one or more of ETRM systems would be an advantage (Endur, Symphony Freight).
• Strong and solid knowledge of MS Office suite including excellent Excel and VBA skills, Python, Matlab & SQL knowledge a plus;
• Ability to communicate concisely to senior management in Market Risk and to stakeholders;
• Ability to mentor junior members and raise profile of the team;
• Full command of 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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