Senior Trader - Light Ends

ENI; London; On-site; GBP 70,000 - 100,000; Full time

Job summary

Eni is seeking a Senior Light Ends Trader in London. This position involves managing the trading lifecycle of Light Ends, offering exposure to both physical and financial aspects of energy trading. Successful candidates will collaborate with various teams and contribute to the development of trading strategies, requiring strong analytical and quantitative skills.

Benefits

Comprehensive benefits package

Flexible working options

Career growth opportunities

Qualifications

• Extensive experience in trading with a proven track record.
• In-depth knowledge of gasoline markets and derivative instruments.
• Experience in refining operations considered beneficial.

Responsibilities

• Develop and expand Light Ends trading activities.
• Manage price risk exposure and build relationships with counterparties.
• Provide analytical assessments to support trading decisions.

Skills

Analytical skills

Negotiation skills

Interpersonal skills

Quantitative skills

Education

Degree in Engineering, Mathematics, Finance, Economics

Job description

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Job Description

Job title: SENIOR TRADER - LIGHT ENDS
Location: London, UK
Job reference #: 31739
Contract type: Permanent
Language requirements: Full command of the English language (written and spoken); knowledge of any other language would be beneficial.

At Eni, we are looking for a Senior Light Ends 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 LPG, Naphtha and Gasoline.

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 with all supporting functions, including Risk, Finance, Back Office and multiple business units. Crude oil and product trading is centred 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 Light Ends 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:

• Developing and expanding Light Ends activities, including new ideas around current assets and growth initiatives.
• Trading physical Light Ends books and associated derivatives.
• Managing price risk exposure on the trading book.
• Building and maintaining strong relationships with trading counterparties.
• Negotiating term and spot contracts with refiners, traders and end users.
• Maintaining a deep understanding of the Light Ends market and energy markets in general.
• Devising proprietary trading strategies for both physical and derivative markets.
• Liaising with the system team to optimise flows.
• Liaising with the shipping team for chartering vessels on a spot or term basis.
• Providing analytical assessments to support trading decisions.
• Mentoring junior members of the team.

General Trading Responsibilities

• Negotiate and conclude market transactions on a spot or term basis within an agreed strategy to generate value for ETB.
• Ensure the best netback for Eni assets across the value chain, both upstream and downstream.
• Locate and acquire optimal feedstock for Eni's refining and petrochemical system.
• Locate and sell products from Eni's refining and petrochemical system to the most suitable buyers.
• Develop an asset-backed trading strategy wherever Eni operates production or holds assets.
• Provide insight and support for the development of the long-term light products trading strategy for ETB.
• Maintain regular communication with products traders in Houston and Singapore to identify and execute arbitrage opportunities.
• Develop and execute physical and financial light products trading strategies.
• Prepare and present analysis to management to support future trading positions.
• Track and communicate market developments and relevant intelligence, including supply and demand balances and competitor activities, to other traders in the team.
• Support the origination team in developing long-term asset and contractual positions aligned with ETB's long-term products trading strategy.
• Liaise with charterers in shipping and operations to ensure all physical movements are executed safely and efficiently.
• Guide and mentor Trading Analysts dedicated to the oil products trading team.
• Upon conclusion of any transaction, enter all details into the internal trading system in a timely and accurate manner.
• Ensure all trading activity is always conducted in compliance with all relevant policies, regulations and Eni's principles.

Skills and experience required:

• A preferred educational qualification is a degree in Engineering, Mathematics, Finance, Economics, or a related field.
• Extensive experience in trading.
• Proven track record of delivery.
• Experience with derivative instruments for hedging.
• Strong analytical and quantitative skills, with proficiency in trading platforms and financial modelling.
• In-depth knowledge of gasoline markets, including physical and futures trading.
• 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.
• Experience in refining operations and processes is considered beneficial.
• Strong team player.
• Experience working in a global and international organisation is preferred.
• Full command of the English language (written and 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 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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