SENIOR RISK ANALYST

Eni; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

An integrated energy company in London is seeking a Senior Risk Analyst responsible for preparing and reviewing daily PNL and risk reports, ensuring adherence to risk limits, and identifying key risks within the business. Candidates should have a degree in economics or finance and relevant market risk experience, with strong knowledge of refined products and a solid command of Excel, VBA, and derivatives instruments. This position offers an opportunity to mentor junior team members and contribute to strategic decision-making within the finance department.

Qualifications

• University degree in a relevant field.
• Experience in a market risk role.
• Strong knowledge of refined products and markets.
• Understanding of derivative instruments.
• Knowledge of risk metrics like VaR and stress testing.

Responsibilities

• Prepare and review daily PNL and risk reports.
• Ensure adherence to risk limits.
• Identify significant business risks.
• Stay updated with the refined products market.
• Support front office on product approvals.
• Enhance ETRM systems.
• Define forward curve methodologies.
• Develop relationships across functions.
• Mentor junior team members.

Skills

Economics knowledge

Market risk experience

Refined products knowledge

Pricing and hedging understanding

Risk metric knowledge

ETRM systems knowledge

MS Office suite expertise

Communication skills

English proficiency

Education

University degree in economics, finance, or engineering

Tools

Excel

VBA

Python

MATLAB

SQL

ETRM systems (Endur, Symphony Freight)

Job description

SENIOR RISK ANALYST (IRC224361)

Open date-closing date: 23 / 01 / 2024-08 / 03 / 2024Other European countries-United Kingdom-LONDRA-GB-LONDON ENI HOUSE

Professional Family: FINANCEHome National|Expert|Residential

IRC224361 – SENIOR RISK ANALYST

At Eni , we are looking for a Senior Risk Analyst within ETB in London. You will be responsible for preparing and reviewing of daily PNL and risk reports and follow up any issues with relevant teams.

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 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 risks within the business, ensuring that they are transparent to senior management
• Keeping up-to-date with the current refined products market;
• Supporting front office in new products and non-standard products approval;
• Participating in the enhancement and development of in ETRM systems;
• Assisting in defining forward curve methodologies for accurate mark-to-market and fair value reporting; Contribute to the month and quarter-end activities with Back Office / Accounting
• Developing and maintaining strong business relationship with different functions, 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 and shipping markets
• Good understanding of pricing and hedging of the physical activities with the use of various derivatives instruments (futures, swaps, options
• 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.
• Full command of English language (spoken and written).

Location : London

Contract type : Permanent