SENIOR MARKET RISK ANALYST (LNG)

ENI
London
Job Description

IRC30038 - SENIOR MARKET RISK ANALYST LNG, POWER & EMMISSIONS

At Eni , we are looking for a Senior Risk Analyst within EGEM in London . You will work on real-time front-line control and business information for management and traders, including daily PNL, risk reporting and risk analysis. You will also participate in projects to improve the ETRM and support broader commercial activities.

About EGEM (Eni Global Energy Markets)

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 €33bn and has a €70bn turnover. It is not only a leading international upstream Company but also Europe's largest natural gas Company. In January 2021, Eni integrated the Gas, LNG, Power & Emission related activities to form Eni Global Energy Markets. EGEM internationally trades Gas, LNG, Power & Emissions and Oil derivatives (mainly to hedge GLP Business contracts) while maintaining the full capabilities and trading activities of the former ETS GLP business. EGEM's headquarter office is in Milan, the company also has offices in London, Brussels and Singapore.

As a member of the Market Risk LNG, Power and Emissions department you will be responsible for:
  • Producing, reviewing and distributing daily PNL and risk reports and following up on any issues with relevant teams;
  • Analysing the P&L by trading strategy and by P&L drivers (commodity market moves/ FX/IR/option greeks);
  • Ensuring that all risk limits are adhered to and dealing with any mitigating actions following the breach of such limits (e.g. monitoring the unwinding of the related positions), as well as assisting with the implementation of new limits/reallocating existing ones when necessary;
  • Identifying significant risk drivers within the business, ensuring transparency with senior management;
  • Maintaining a strong knowledge of current Power, Emissions and LNG market signposts and trends;
  • Supporting Front Office in new products and non-standard products approvals;
  • Participating in the enhancement and development of ETRM systems and reporting platforms;
  • Defining forward curves methodologies for accurate mark to market and fair value reporting;
  • Contributing to the month/quarter/year-end closing and reconciliation activities with Back Office/Accounting teams;
  • Guaranteeing compliance of trading procedures with relevant controls and supporting internal and external audit requests;
  • Supporting other Market Risk teams if/when required.
This is the opportunity for you if you have the following skills and requirements:
  • University degree in Economics, Finance, Statistics, Mathematics, Physics or Engineering disciplines;
  • Strong experience in a market risk in trading companies or banks;
  • Strong knowledge of derivatives trading;
  • Strong knowledge of the LNG, Power and Emissions markets and their main dynamics;
  • Strong knowledge of risk metrics such as VaR, stress testing and scenario analysis;
  • Strong Excel and VBA skills, knowledge of Python/Matlab/SQL is an advantage;
  • Knowledge of one or more ETRM systems would be an advantage;
  • Highly organised with good attention to detail and a results-oriented approach;
  • Strong communication and interpersonal skills, able to build effective relationships across the business;
  • Strong analytical and numerical skills.
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.

Energy for action takers

#LI-EIRL
Posted 2025-07-01

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