Senior Trader - Derivatives

Eni; United Kingdom; On-site; GBP 90,000 - 140,000; Full time

Job summary

A leading global energy company is seeking a Senior Derivatives Trader in London to oversee trading of crude oil and refined product derivatives. The role offers the opportunity to impact Eni's Net Zero 2050 strategy and contribute to innovative trading strategies within a collaborative team environment. Ideal candidates should have a strong trading background, excellent analytical skills, and a relevant degree, with opportunities for career growth and impactful work in a dynamic sector.

Benefits

Comprehensive benefits package

Work-life balance

Career growth opportunities

Collaborative culture

Impactful work

Qualifications

• Extensive experience in trading required.
• Proven track record of delivery and growing a desk.
• Strong understanding of derivatives products.

Responsibilities

• Trade and manage positions in crude oil and refined product derivatives.
• Generate trading ideas and implement proprietary trading strategies.
• Monitor market dynamics and optimise trade execution.

Skills

Analytical skills

Quantitative skills

Negotiation

Communication

Interpersonal skills

Education

Degree in Engineering, Mathematics, Finance, Economics or related field

Tools

Python

MATLAB

SQL

VBA

Job description

Job title: SENIOR TRADER - DERIVATIVES
Location: London, UK
Job reference #: 31742
Contract type: Permanent
Language requirements: Full command of English language (written & spoken); knowledge of any other language would be beneficial.

At Eni, we are looking for a Senior Derivatives Trader within Eni Trade & Biofuels (ETB) in London, UK. This position is part of the Oil Trading business within ETB and reports to the Head of Middle Distillates, Heavies & Specialties, and Oil Derivatives Trading.

This role offers unparalleled exposure to the entire commodity trading lifecycle - both physical and financial - through close collaboration with peers in our Front Office team and all supporting functions, including Risk, Finance, Back Office and multiple business units. Crude oil and product trading is centered in the ETB offices in London, with additional trading personnel based in Singapore and Houston. Under the supervision of the team manager, this role will be responsible for contributing to the development and execution of derivatives trading activities in alignment with ETB's overall strategy.

About Eni Trade & Biofuels

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. 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, marketing and trading of oil, natural gas and biofuels. 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.

Main responsibilities:

• Trade and manage positions in crude oil and refined product derivatives (futures, options, swaps and structured products).
• Generate trading ideas and hedging programmes by leveraging Eni's assets more broadly.
• Develop and implement proprietary trading strategies to capture arbitrage, hedging and speculative opportunities, including spread trading, volatility strategies and arbitrage.
• Monitor market dynamics, supply-demand fundamentals and geopolitical events impacting oil markets.
• Optimise trade execution across major exchanges (e.g., ICE, NYMEX, DME) and over-the-counter (OTC) markets.
• Implement hedging strategies to mitigate price volatility.
• Ensure compliance with regulatory frameworks (e.g., CFTC, Dodd-Frank, MiFID II) and internal risk limits.
• Work with risk management teams to refine position limits, stress testing and value-at-risk (VaR) models.
• Conduct in-depth research on crude oil and refined product supply-demand fundamentals.
• Analyse macroeconomic trends, geopolitical risks, and market sentiment to inform trading decisions.
• Utilise technical analysis, quantitative models and real-time data to identify trading opportunities.
• Monitor market liquidity, volatility and price action to adjust trading strategies.
• Work closely with physical trading teams to align derivative strategies with physical market movements.
• Communicate market views, trade ideas and risk assessments to senior management.
• Guide and mentor Trading Analysts/Juniors and contribute to their professional development.
• Ensure all trading activity is always compliant with all relevant regulatory requirements and internal controls.

Skills and experience required:

• Preferred Educational Qualification is a Degree in Engineering, Mathematics, Finance, Economics or a related field.
• Extensive experience in trading.
• Proven track record of delivery and growing a desk.
• Strong understanding of futures, options, swaps and structured energy derivative products.
• Strong analytical and quantitative skills, with proficiency in trading platforms and financial modelling.
• Preferred knowledge of Python, VBA, SQL, MATLAB for quantitative analysis and modelling
• Excellent negotiation, communication and interpersonal skills.
• Proven ability to work in a fast-paced, dynamic environment and make informed decisions under pressure.
• Strong understanding of risk management principles and regulatory requirements.
• High level of integrity and adherence to ethical standards.
• Strong team player.
• Experience in working in a global and international organization is preferred.
• Full command of English language (written & spoken); knowledge of any other language would be beneficial.

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.

How to apply:

• Applications are only accepted through our online application system.
• Please upload your CV in English.

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 individua l , 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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