MARKET RISK MANAGER (CRUDES)

Eni; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading integrated energy company is seeking a Market Risk Manager in London. The role involves overseeing market risks associated with physical crude oil and derivatives. Responsibilities include managing a team of analysts, analyzing market data, and providing recommendations to senior management. Candidates should have a Bachelor's degree in Finance or Economics, extensive experience in commodity trading, and strong analytical and leadership skills. This is a permanent position with significant growth opportunities.

Qualifications

• Bachelor's degree or higher in Finance, Economics, or a related field.
• Extensive market risk or product control experience in commodity trading.
• Strong understanding of global commodity markets and risk management practices.
• Excellent analytical skills to interpret complex data.
• In-depth understanding of risk measurement techniques.
• Familiarity with relevant risk management software.
• Strong proficiency in programming languages.

Responsibilities

• Manage a team of analysts to deliver risk reports.
• Monitor market conditions and assess potential tail risks.
• Conduct in-depth analysis of market data.
• Collaborate with internal stakeholders to manage risk exposures.
• Provide updates to senior management on market trends.
• Participate in cross-functional projects related to risk management.
• Support Back Office, Finance, and Accounting on month-end activities.
• Coach and mentor junior team members.

Skills

Market risk management

Analytical skills

Leadership

Python

SQL

Communication

Education

Bachelor's degree in Finance or Economics

Tools

Risk management software

ETRM systems

Job description

MARKET RISK MANAGER (CRUDES)(IRC223575)

Open date-closing date

: 22 / 01 / 2024-07 / 03 / 2024Other European countries-United Kingdom-LONDRA-GB-LONDON ENI HOUSE

Professional Family

: FINANCEHome National|Expert|Residential

IRC223575 - MARKET RISK MANAGER (CRUDES)

At Eni , we are looking for a Market Risk manager (Crudes) within ETB in ETB office at Eni House, 10 Ebury Bridge Road, SW1, London . You will be responsible for overseeing and managing the market risk associated with physical crude oil and derivatives business of the company. Your expertise will be crucial in developing and implementing effective risk management strategies, monitoring market trends, analyzing data, and providing insightful recommendations to senior management. This is a challenging role that requires strong analytical skills, in-depth knowledge of commodity markets, and a proven track record in managing market risks in the physical crude oil sector.

About ETB

Eni is one of the leading integrated energy companies with activities in the 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 with respect to 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, biofuels 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 logistics 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.

Responsibilities

• Managing a team of 4 analysts and ensure all risk and P&L reports are delivered to front office and management in timely manner
• Monitoring market conditions and supply-demand dynamics to identify potential tail risks and assess the impact of market events and potential scenarios on the physical crude oil portfolio.
• Conducting in-depth analysis of market data, including historical prices, volatilities, and other relevant indicators.
• Conducting comprehensive pricing analysis, using various quantitative techniques, to assess the tail risk and economic valuation of different complex physical and derivatives transactions (Storage, Payment Quantities, Pricing Optionality)
• Collaborating with internal stakeholders to identify, measure, and manage risk exposures across various business functions.
• Providing regular updates to senior management, highlighting market trends, risk exposures, and recommended actions.
• Participating in cross-functional projects and initiatives related to risk management, trading strategies and ETRM improvement.
• Supporting Back Office, Finance and Accounting on month end activities
• Coaching and mentoring junior members of the risk team, fostering their growth and development in risk management.

Qualifications

• Bachelor's degree or higher in Finance, Economics, or a related field.
• Extensive market risk or product control experience in commodity trading, with a specific focus on physical crude oil and derivatives market
• Strong understanding of global commodity markets, including pricing mechanisms, trading dynamics, and risk management practices.
• Excellent analytical skills, with the ability to interpret complex data, identify patterns, and make data-driven recommendations.
• In-depth understanding of risk measurement techniques, including value at risk (VaR), stress testing, scenario analysis, and other advanced statistical methodologies.
• Familiarity with relevant risk management software and ETRM systems.
• Strong proficiency in programming languages such as Python, MATLAB, SQL with experience in implementing risk and pricing models.
• Excellent communication and presentation skills, with the ability to convey complex concepts to both technical and non-technical stakeholders.
• Strong leadership skills and willingness to mentor juniors and grow the team.

Location

ETB office at Eni House, 10 Ebury Bridge Road, SW1, London

Contract type

Permanent