Trading Analyst; Biofuels

TRADING ANALYST (BIOFUELS)(IRC
224690) Open date-closing date

08 / 01 / 2024-08 / 03 / 2024

Other European countries-United Kingdom-LONDRA-GB-LONDON ENI HOUSE

TRADINGHome National|Expert|Residential

At Eni , we are looking for a Trading Analyst (Biofuels) within ETB in London. You will be responsible for contributing to the development and execution of the trading strategy of the ETB-UK Branch (on the secondary and primary market) considering the current and future requirements of the Eni group.

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 €100 bn 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.

• Analyzing of client and market data to help developing and executing trades.
• Data entry for each Cargo purchase and sales, Hedges, Freight and logistics costs, purchase and sales prices and additional costs related to each transaction.
• Sustainability Mass Balance ensuring the trading book is updated, monitoring key regulatory aspects impacting the activity of the desk.
• Closing cooperation with Ops team ensuring daily reporting tools are updated.
• Dealing with Middle Office for P&L reconciliation.
• Business development activities supporting the desk liaising with other internal support functions involved
• Market analysis (supply and demand).
• Internal reports on trading activity.
• Daily update of excel sheet, reflecting the Market Structure.
• Arb calculations.
• Tracking refinery turnarounds.
• Risk management and market monitoring (learn basics).
• Dealing with the Shipping Department, other Trading desks and Overseas offices in Houston and Singapore as instructed by traders;
• Working on any “ad hoc” requests assigned by the team / line manager.

• University Degree in Quantitative Studies (Engineering, Math, Statistics, Physics, or IT)
• Strong mathematics and programming skills.
• Advanced knowledge of Microsoft Office.
• Drive, innovation and genuine interest in energy and trading.
• Understanding of trading concepts.

London

Permanent