market risk manager

4 weeks ago

London, Greater London, United Kingdom Eni Full time
IRC 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.

As a member of finance team at ETB you will be responsible for :

  • 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 etc.)
  • 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.
This is the opportunity for you if you have these skills and requirements :

  • 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


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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