Job Description
IRC222337 - SENIOR RISK ANALYST
Please read the information in this job post thoroughly to understand exactly what is expected of potential candidates.
At Eni, we are looking for a Senior Risk Analyst within EGEM in London. You will be responsible for managing and implementing IT projects to improve management and control systems, supporting broader company objectives and management decision making. The Projects team provides real-time front-line control and information for management and traders, integrating the daily PNL & risk reporting produced across EGEM to provide an overarching risk management view. Part of the role will be to ensure the smooth running of daily reporting procedures and to adapt the reporting tools as circumstances change.
About EGEM
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 capitalisation of €66 billion and has nearly €100 billion in turnover. It is not only a leading international upstream company but also Europe's largest natural gas operation.
In January 2021, Eni integrated its gas, power, emissions, and LNG commodity trading activities into one Company, Eni Global Energy Markets (EGEM) to create a leader in the global commodities trading arena. EGEM is a leading gas player in Europe and is responsible for all of Eni's commodity trading in natural gas, LNG, power, emissions, and related derivatives with offices in London, Milan, Rome, Brussels and Singapore. The integration of the trading activities into EGEM enables ENI to capture additional business opportunities in a market which is becoming more liquid and integrated across different commodities. This integrated model has created a global centre of excellence for ENI's commodity trading and risk control.
As a member of the Finance Team at EGEM you will be responsible for:
- Analysing of positions and understanding of how they fit within the firm's risk framework. Positions may be both physical as well as financial.
- VaR calculating and analysing, ensuring that the VaR metric is both complete and accurately reflects the risk of the desks.
- Automation and improvement of processes carried out by Trade Control and Credit departments.
- Calculating cash usage throughout EGEM to predict future cash requirements and monitor cash usage by Front Office.
- Analysing and calculation of stress on both an aggregated and specific strategy level.
- Leading IT projects in the market risk team. These projects can be cross asset class and designed to improve management information and/or ease of reporting. Significant interaction within the market risk
with other teams will be necessary - Interfacing with IT to develop and manage all reporting activities within the company dedicated ETRM system
- Ensuring that best practises are applied across the EGEM risk team
- When required, preparing, and reviewing daily PNL and risk reports and follow up any issues with relevant teams.
- Maintaining a good knowledge of risk metrics, be able to understand and discuss with the other risk managers VaR, Stress and Greeks to be able to assist in commentary and development.
- Developing and maintaining strong business relationship with different functions, e.g., Front Office, Back Office, IT, Planning & Control.
- Recording and monitoring adherence to risk limits for the trading desks
- Guaranteeing compliance for trading procedures with relevant controls and support when necessary internal and external audit requests.
This is the opportunity for you if you have these skills and requirements :
- University degree in economics, maths, pure science, finance, engineering or a similar numerate discipline.
- Strong IT skills: excellent VBA and SQL required; Python highly desirable.
- Experience in successfully implementing IT projects.
- Knowledge of the market risk/ product control role either within trading companies or banks.
- knowledge of risk metrics such as VaR, stress testing, scenario analysis.
- Knowledge of the Endur ETRM system would be an advantage.
- Full command of the English language (spoken and written).
Location:
EGEM offices on Ebury Bridge Road, SW1, London
Contract type:
Permanent
At Eni, people are the key to our success, which is why our values are focused on diversity, and lifelong learning.
Eni evaluates applications regardless of candidates' personal and cultural characteristics or orientations. If your application is among those most in line with the required profile, you will be contacted to continue the selection process .
Together we have greater energy.