TRADER (HEAVIES)

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

Job summary

A leading energy company in London is seeking a Trader (Heavies) to contribute to their trading strategies. The role involves negotiating market transactions, acquiring feedstock, and maintaining relationships with buyers. Candidates should possess a degree in a numerate subject and experience in trading along with knowledge of market fundamentals. This opportunity is ideal for motivated individuals who can work in a fast-paced trading environment.

Qualifications

• Preferred Educational Qualification is a Degree with a preference for numerate subjects.
• Experience in trading.
• Knowledge of market fundamentals and analysis.
• Full command of the English language, knowledge of other languages beneficial.

Responsibilities

• Locating and acquiring optimal feedstock for Eni's refining system.
• Building and maintaining key relationships with other trading companies.
• Ensuring all trading activity complies with policies and regulations.
• Build relationships with other trading companies.
• Track market developments and communicate insights.

Skills

Experience in trading

Knowledge of market fundamentals

Full command of English language

Experience with derivative instruments for hedging

Knowledge of IT standard software

Experience in refining operations

Education

Degree in Engineering, Mathematics or Economics

Tools

Trading software

Trading dedicated software

Job description

TRADER (HEAVIES)(IRC224872)

Open date-closing date

: 15 / 01 / 2024-29 / 02 / 2024Other European countries-United Kingdom-LONDRA-GB-LONDON ENI HOUSE

Professional Family

: TRADINGHome National|Expert|Residential

IRC224872 – TRADER (HEAVIES)

At Eni , we are looking for a Trader (Heavies) within ETB in London. You will be responsible for contributing to the development and execution of the heavier products trading strategy of ETB. Negotiating and concluding market transactions on a spot / term basis within an agreed strategy to generate value for ETB.

About ETB

Eni is one of the leading integrated energy companies with activities in exploration, production, transport, and marketing of oil and natural gas. Eni has a market capitalization of €66 billion and has a near €100bn 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, is 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 is 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.

As a member of ETB you will be responsible for:

• Locating and acquiring optimal feedstock for Eni’s refining system;
• Locating and selling Eni’s refining and petrochemical system products to the best buyer;
• Developing an asset-backed trading strategy wherever Eni runs productions / assets
• Providing insight and support to the development of the long-term products trading strategy for ETB;
• Building and maintaining key relationships with other trading companies, refiners, petrochemicals and end users;
• Developing and presenting analysis to management to support future trading positions;
• Tracking and communicating the developments in the market and relevant market intelligence, including supply and demand balances and competitor activities to other traders of the team;
• Supporting the origination team in developing long-term asset and contractual positions in line with the ETB long-term products trading strategy;
• Liaising with charterers in shipping and operations to ensure all physical movements are executed safely and efficiently;
• Guiding and mentoring the Trading Analysts dedicated to the oil products trading team
• upon conclusion of any transaction, enter all the details into the internal trading system in a timely and accurate way;
• Ensuring all trading activity is always carried out in compliance with all relevant policies and regulations and principles of Eni;

This is the opportunity for you if you have these skills and requirements :

• Preferred Educational Qualification is a Degree (with a preference for numerate subjects such as Engineering, Mathematics or Economics);
• experience in trading;
• experience with derivative instruments for hedging.
• knowledge of market fundamentals and market analysis.
• experience in refining operations and processes considered beneficial.
• knowledge of IT standard software and software dedicated to trading activities;
• full command of English language (written & spoken); knowledge of any other language would be beneficial.

Location: London

Contract type: Permanent