Job Description
IRC225757 - SENIOR RISK ANALYST SHIPPING
At Eni, we are looking for a Senior Risk Analyst Shipping within ETB in London. You will be responsible for participating in improving the ETRM system to capture the freight exposures of the company to support the development of the shipping business model.
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 capitalisation 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, will be 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 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 logistic 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 the CFO department at ETB, you will be responsible for :
• Prepare and explain shipping P&L and risk reports and follow up on any issues with relevant teams;
• Ensure that all risk limits are adhered to and assist in implementing new limits when necessary;
• Assist in identifying the significant risk within the business, ensuring that they are transparent to senior management
• Maintain a good knowledge of the current freight and physical oil market;
• Support the development of the shipping business model;
• Participate in the enhancement and development of ETRM systems;
• Assist in defining forward curve methodologies for accurate mark-to-market of the freight exposure;
• Contribute to the month and quarter-end activities with Back Office/Accounting;
• Develop and maintain strong business relationships with different functions, e.g FO, Chartering, Operations, Chattering, Claims, BO, IT, Planning & Control;
• Strong daily cooperation with other market risk teams and promote knowledge sharing between teams
• Guarantee compliance for trading procedures with relevant controls and support when necessary for internal and external audit requests;
This is the opportunity for you if you have these skills and requirements :
• University degree in economics, finance and / or engineering discipline.
• Proven experience in a market risk role from trading companies, shipbrokers or banks;
• Strong knowledge of the shipping industry and freight markets, a solid understanding of pricing mechanisms, supply and demand balance, ship operations and logistics etc.
• Good Knowledge of the physical oil markets and the relationship with freight markets
• Advanced knowledge of risk metrics such as VaR, stress testing, and scenario analysis;
• Knowledge of one or more ETRM systems would be an advantage (Endur, Symphony by Amphora).
• Python, MATLAB & SQL knowledge a plus;
• Good knowledge of English
Location:
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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