Market Risk Analyst (Analytics)

ENI; City Of London; On-site; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Health insurance

Job summary

Eni Trade & Biofuels (ETB) in London is seeking a Market Risk Analyst (Analytics) to join the analytics team. You will analyse daily trading activity, including P&L and position reporting for the gas desk, and support Crude Oil Derivatives, LNG, and Power & Emissions.

The role focuses on developing automation and software to streamline daily processes, applying machine learning and AI techniques to improve risk procedures, and communicating insights to senior management.

Qualifications

• University degree in a numerate discipline (e.g. economics, mathematics, finance).
• Relevant market risk experience in commodity trading, especially gas & power.
• Strong knowledge of VaR, stress-testing and scenario analysis.
• Good understanding of derivatives and options.
• Proficient with MS Office, Excel and VBA; SQL and Python are advantageous.
• Knowledge of Endur ETRM is an advantage.
• Strong organizational skills and attention to detail; able to meet tight deadlines.
• Excellent communication skills with senior management; fluent English.

Responsibilities

• Prepare and review daily P&L and risk reports, monitor limits, and resolve issues with relevant teams.
• Support front office in approving new and non-standard products.
• Identify significant risks and ensure transparency to senior management.
• Provide information for bi-weekly Risk Committee meetings.
• Review changes to the Endur ETRM system and ensure controls compliance.
• Participate in enhancing reporting and development of reporting systems.

Skills

Market risk

VaR

Stress testing

Scenario analysis

Excel

VBA

SQL

Python

Derivatives

Options

Endur ETRM

Communication

Education

Bachelor's degree in a numerate discipline

Tools

Endur ETRM

Job description

Job Description

Job title: Market Risk Analyst (Analytics)

Location: London, UK

Job reference #: 33726

Contract type: Permanent

Language requirements: Fluent level of English

At Eni, we are looking for a Market Risk Analyst (Analytics) to join Eni Trade & Biofuels (ETB) in London, UK. You will be responsible for the daily analysis of the trading activities (PnL and position reporting) of the gas desk, as well as providing ad hoc support to other desks as required, notably Crude Oil Derivatives, LNG, and Power & Emissions. This role since within the analytics team which constantly strives to improve risk procedures through automation, therefore a significant aspect of the role would be to contribute to the development of software to streamline daily processes and assist front office with system trading, using a variety of techniques including machine learning and artificial intelligence.

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 bio-products 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:

• 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 required:

• 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, ideally with a focus on gas & power.


• 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.


• 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.

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.

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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