Overview
Job title: SENIOR TRADER – LIGHT ENDS
Location: London, UK
Contract type: Permanent
Language requirements: Full command of the English language (written and spoken); knowledge of any other language would be beneficial.
At Eni, we are looking for a Senior Light Ends Trader within Eni Trade & Biofuels (ETB) in London, UK. This position is part of the Oil Trading business within ETB and reports to the Head of LPG, Naphtha and Gasoline. The role offers exposure to the entire commodity trading lifecycle, both physical and financial, through collaboration with Front Office, Risk, Finance, Back Office, and multiple business units. Crude oil and product trading is centered in London, with additional trading personnel in Singapore and Houston. The role will contribute to the development and execution of Light Ends trading activities in alignment with ETB’s strategy.
About Eni Trade & Biofuels (ETB): ETB is at the cutting edge of sustainability and innovation in the global energy market. Eni is a leading global energy company with operations in 61 countries. ETB focuses on crude oil, refined oil products, and biofuels trading and shipping, with a diverse team across Rome, London, Singapore and Houston.
Responsibilities
* Developing and expanding Light Ends activities, including new ideas around current assets and growth initiatives.
* Trading physical Light Ends books and associated derivatives.
* Managing price risk exposure on the trading book.
* Building and maintaining strong relationships with trading counterparties.
* Negotiating term and spot contracts with refiners, traders and end users.
* Maintaining a deep understanding of the Light Ends market and energy markets in general.
* Devising proprietary trading strategies for both physical and derivative markets.
* Liaising with the system team to optimise flows.
* Liaising with the shipping team for chartering vessels on a spot or term basis.
* Providing analytical assessments to support trading decisions.
* Mentoring junior members of the team.
General Trading Responsibilities
* Negotiate and conclude market transactions on a spot or term basis within an agreed strategy to generate value for ETB.
* Ensure the best netback for Eni assets across the value chain, both upstream and downstream.
* Locate and acquire optimal feedstock for Eni’s refining and petrochemical system.
* Locate and sell products from Eni’s refining and petrochemical system to the most suitable buyers.
* Develop an asset-backed trading strategy wherever Eni operates production or holds assets.
* Provide insight and support for the development of the long-term light products trading strategy for ETB.
* Maintain regular communication with products traders in Houston and Singapore to identify and execute arbitrage opportunities.
* Develop and execute physical and financial light products trading strategies.
* Prepare and present analysis to management to support future trading positions.
* Track and communicate market developments and relevant intelligence, including supply and demand balances and competitor activities, to other traders in the team.
* Support the origination team in developing long-term asset and contractual positions aligned with ETB’s long-term products trading strategy.
* Liaise with charterers in shipping and operations to ensure all physical movements are executed safely and efficiently.
* Guide and mentor Trading Analysts dedicated to the oil products trading team.
* Upon conclusion of any transaction, enter all details into the internal trading system in a timely and accurate manner.
* Ensure all trading activity is always conducted in compliance with all relevant policies, regulations and Eni’s principles.
Skills And Experience Required
* A preferred educational qualification is a degree in Engineering, Mathematics, Finance, Economics, or a related field.
* Extensive experience in trading.
* Proven track record of delivery.
* Experience with derivative instruments for hedging.
* Strong analytical and quantitative skills, with proficiency in trading platforms and financial modelling.
* In-depth knowledge of gasoline markets, including physical and futures trading.
* Excellent negotiation, communication and interpersonal skills.
* Proven ability to work in a fast-paced, dynamic environment and make informed decisions under pressure.
* Strong understanding of risk management principles and regulatory requirements.
* High level of integrity and adherence to ethical standards.
* Experience in refining operations and processes is considered beneficial.
* Strong team player.
* Experience working in a global and international organisation is preferred.
* Full command of the English language (written and spoken); knowledge of any other language would be beneficial.
Why ETB?
* Impactful Work: Join a team that plays a crucial role in Eni’s Net Zero 2050 strategy, benefiting from Eni’s trading position and global integration.
* Collaborative Culture: Multicultural, supportive, and dynamic work environment.
* Career Growth: Rapid learning opportunities with potential for movement across teams and international roles.
* Work-Life Balance: Comprehensive benefits package including health and flexible working options.
How To Apply
* Applications are only accepted through our online application system.
* Please upload your CV in English.
About Eni
Eni is a global energy company operating in 61 countries with over 30,000 employees. It aims to achieve carbon neutrality by 2050 through decarbonization of processes and products, and invests in R&D for sustainable energy technologies including renewable energy, bio-refining, and carbon capture and storage. Eni explores game-changing technologies and is committed to flexible ways of working, diversity and inclusion, and employee well-being.
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