91 Market Risk jobs in the United Kingdom

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

**What's the role?**
In this position, you will have several key responsibilities which will include:
+ Develop a close relationship with the European power trading business to support new deals and appraise trading activities to ensure mandated exposure and risk limits are adhered to
+ Use knowledge of European power markets to manage risk identification of model/portfolio assumptions, and market inputs
+ Collaborate with commercial quantitative teams to progress future pricing, valuation and risk models.
+ Play a key role in developing the risk frameworks for illiquid, structured and complex products and liaise with the wider Market Risk function and commercial stakeholders to enact
+ Provide Market Risk input on new and group business proposals as they relate to the business. Assess the risks associated with complex structured deals and the valuation/payoff models used for physical/financial trading and hedging, working to calibrate performance parameters of such deals. (E.g. batteries, dispatch assets, toll structures, optionality)
+ Lead the execution of key controls for the business area and collaborate with other functions to ensure continuous improvement of controls/processes
+ Ensure Risk leadership is kept abreast of notable position and market movements
+ Provide independent advice and guidance on the level of risk/return in the business and whether this is congruent with the agreed level of risk appetite
+ Performance reporting for management; including but not limited to:
+ Trading strategy P&L performance
+ Net Imbalance Volume analysis (e.g. DA/outturns/imbalance)
+ Forecast accuracy: generation and demand side
+ Limit monitoring
+ Fundamental analysis (e.g. weather impacts, concentration/covariance risk)
+ Act as a representative for Market Risk on a number of strategic power projects
+ Develop tools for on-going portfolio reviews and produce "deep dive" analysis for senior management
+ Drive understanding of the design and utilization of methodologies to assess risk/reward of the portfolio, including: VaR back-testing, stress testing, scenario analysis
+ Develop and refine the fair economic valuation approach for power deals, factoring in imbalance, shape, and liquidity risks. Provide steer on usage of market risk reserves
+ Collaborate with other support functions (e.g. Finance, Technical Accounting) for deal support and general portfolio queries
+ Support internal/external audit requirements
+ Provide mentoring to junior team members
**What we need from you**
We're keen to see as many of the following attributes on your CV:
+ Degree in mathematics, economics, engineering, science or a related field
+ Signicant Power market risk experience with an excellent understanding of market risk fundamentals (P&L, exposure, VaR, stress testing) and modelling concepts
+ Knowledge of non-linear products (e.g. options), tolling agreements, renewable power, and certificates (GoOs, REGOs)
+ Cross commodity market fundamentals knowledge
+ Competent in assessing trading valuations, including critiquing model calibration and parameters
+ Ability to multi-task with a high level of attention to detail and accuracy
+ Understanding of Fair Value and derivative recognition concepts
+ Endur ETRM knowledge preferred, but not essential, experience of ETRM migrations appreciated.
+ Strong business analysis, modelling, problem-solving skills
+ Ability to carry out multi-stakeholder projects to fruition while ensuring adequate risk controls are enforced.
+ Technologically oriented / coding knowledge (Python, SQL)
+ Ability to perform under rigid deadlines and time pressured environments
+ A self-motivated team player, who can work remotely as part of a wider global team
+ Capable of applied creativity and problem-solving
+ A strong communicator and team player
+ A broad and agile thinker, with outstanding interpersonal skills that builds trust and credibility
If you don't see yourself fully reflected in every job requirement listed on the posting above, we still encourage you to reach out and apply. Research has shown that not everyone often applies when they do not feel 100% qualified. We are committed to creating a more equitable, inclusive, and diverse company and we strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply. We look forward to receiving your application.
**About Shell UK**
Shell is an international energy company that aims to meet the world's growing need for more and cleaner energy solutions in ways that are economically, environmentally, and socially responsible. It is one of the world's largest independent energy companies, operating in more than 70 countries.
Shell has a global target to become a net zero emissions energy business by 2050. This means that Shell aims to be net zero on all emissions generated by its operations and the energy needed to power them. The company is working with customers, business, and governments to address emissions across different sectors.
In March 2022, Shell UK announced an ambition to invest between £20 to £25 billion in the UK energy system over the next decade, more than 75% of which is intended for low and zero-carbon products and services including offshore wind, hydrogen, and electric mobility. These investments, which are subject to board approval, aim to propel the UK closer to net zero whilst intending to stimulate economic growth and jobs.
Our people are our greatest asset, and our commitment to your career will see you thrive in a work environment that offers an industry-leading development programme. When your ideas travel, Shell will benefit, and innovation will thrive. Shell has a key role to play in helping meet the UK's growing energy demand, whilst using innovative technologies to develop cleaner energy. We are one of the largest FTSE 100 company in the UK by market capitalisation and make a significant contribution to the UK economy.
**An innovative place to work**
There's never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.
Join us and you'll add your talent and imagination to a business with the power to shape the future - whether by investing in renewables, exploring new ways to store energy or developing technology that helps the world to use energy more efficiently.
**An inclusive place to work**
To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we're nurturing an inclusive environment - one where you can express your ideas, extend your skills and reach your potential.
+ We're creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply and we'll take it from there.
+ We're closing the gender gap - whether that's through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
+ We're striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.
+ We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.
**A rewarding place to work**
Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice.
We're huge advocates for career development. We'll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem solving and communication to Citi's Risk Management Team.
By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
**Team/Role Overview**
This position provides an excellent opportunity for a quantitative risk analyst with a background in market risk to work within Citi's Legal Entities in London. In this role, the successful candidate will be responsible for critical deliverables involving complex market risk models related to the bank's Basel 2.5 implementation in line with Citi's internal and regulatory standards.
Currently, the Market Risk Analytics group is involved in many advanced and exciting modelling activities. Therefore, for someone with the right competency, keen interest, high degree of motivation and energy, the role offers an excellent opportunity to be at the centre of market risk model methodology developments. This role creates a broad set of opportunities for interaction with a wide range of internal functions as well as senior management within the bank.
**What you'll do**
+ The role requires knowledge of the current Basel 2.5 modelling. This includes for example VaR, SVaR, Risk-not-in-VaR, IRC.
+ Develop methodology for quantitative analysis required on various work streams for Basel 2.5 implementation within the bank.
+ Provide robust, controlled, reusable, and scalable analytics capabilities to address specific Legal Entities requirements (VaR breach analysis, Backtesting, ad-hoc analyses requested by other teams).
+ Produce high quality documentation for models, interact with the model validation team.
+ Work with existing market risk models as required, and provide solutions where weaknesses are identified in testing, or where new business needs require model enhancements.
+ Interact confidently with other risk management teams, governance teams, the front office, technology and control groups to implement improvements to the market risk models and to support any related production processes.
+ Prepare reports and detailed quantitative analysis for presentation to senior management and regulators.
+ Pro-actively develop deep knowledge of the forthcoming Market Risk regulations of the Fundamental Review of the Trading Book (FRTB) and its application in the legal entity **.**
**What we'll need from you**
+ Experience in Risk and knowledge of one or more of the following is an advantage: derivatives pricing, exotic products, risk management practices, regulation, numerical computation, statistics.
+ Experience in developing complex end-to-end models, including: identifying key steps, data analysis, ability to provide critical insights and original solutions.
+ Expert level hands-on IT skills (for example: Python, C/C++, SQL, Excel, and other quantitative analytics software) are required.
+ Excellent oral and written communication skills. Ability to communicate with people at all levels of seniority in the organization.
+ Ability to listen and understand stakeholders' needs and find effective/comprehensive solutions.
+ Educated to postgraduate level (preferably MSc or PhD in financial, mathematical or similar quantitative field), with an excellent academic record.
**What we can offer you**
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
+ Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
+ A discretional annual performance related bonus
+ Private medical insurance packages to suit your personal circumstances
+ Employee Assistance Programme
+ Pension Plan
+ Paid Parental Leave
+ Special discounts for employees, family, and friends
+ Access to an array of learning and development resources
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energised to join us, motivated to stay, and empowered to thrive.
**Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.**
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**Job Family Group:**
Risk Management
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**Job Family:**
Risk Analytics, Modeling, and Validation
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**Time Type:**
Full time
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**Most Relevant Skills**
Analytical Thinking, Business Acumen, Constructive Debate, Data Analysis, Escalation Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Statistics.
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**Other Relevant Skills**
Credible Challenge, Laws and Regulations, Management Reporting, Referral and Escalation, Risk Remediation.
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_Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law._
_If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review_ _Accessibility at Citi ( _._
_View Citi's_ _EEO Policy Statement ( _and the_ _Know Your Rights ( _poster._
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

Job title: SENIOR MARKET RISK ANALYST (CRUDES)
Location: London, UK
Job reference #: 31768
Contract type: Permanent
Language requirements: Full professional proficiency in English

At Eni , we are looking for a Senior Market Risk Analyst (Crude) within Eni Trade & Biofuels (ETB) in London , UK.

You will be responsible for providing daily performance and market risk analysis for the crude oil trading business in London, working closely with traders and other parts of the ETB business. This role offers unparalleled exposure to the entire commodity trading lifecycle - both physical and financial -through close collaboration with our Front Office, Risk functions, Finance, Back Office and multiple business units. Immerse yourself in the fast-evolving world of energy trading, particularly in the burgeoning biofuels market. ETB is committed to your professional growth, offering a vibrant environment that values knowledge, innovation and career advancement.

About Eni Trade & Biofuels

ETB is at the cutting edge of sustainability and innovation in the global energy market. As a dynamic force within the Eni group, which is a leader in the energy transition, at ETB we are rapidly establishing ourselves as a key player in the new energy landscape. When you join ETB, you become part of Eni - a leading global energy company with over 32,000 employees in 61 countries. Eni is at the forefront of the energy industry, specializing in exploration, production, transport, marketing and trading of oil, natural gas and biofuels. ETB is the crude oil, refined oil products and biofuels trading and shipping company of Eni. We are a diverse and dynamic team of around 300 professionals distributed in three offices (Rome, London and Singapore) with the addition in Houston of Eni Trading & Shipping Inc. (ETS Inc) which handles marketing of oils and petroleum products for the US market. Our team is also involved in marketing Eni's oil equity productions, sourcing hydrocarbons and bio feedstocks, and managing the output of our traditional and green refineries.

Main responsibilities :

• Preparing and reviewing daily P&L, position and risk reports; monitoring limits; and proactively resolving any issues in coordination with the relevant teams.
• Assisting in identifying significant risks within the business and ensuring they are transparent to senior management.
• Keeping up to date with the current crude oil market.
• Supporting the Front Office in the approval of new and non-standard products.
• Participating in reporting enhancements and the development of reporting systems.
• Assisting in defining forward curve methodologies for accurate mark-to-market and fair value reporting.
• Contributing to month-end and quarter-end activities in collaboration with Back Office and Accounting.
• Developing and maintaining strong business relationships with various functions, e.g., Front Office, Back Office, IT and Planning & Control.

Skills and experience required :

• University degree in Economics, Finance and/or related disciplines.
• Relevant experience in a market risk role within commodity trading companies or banks.
• Good understanding of crude oil products and shipping markets.
• Advanced understanding of pricing and hedging of physical activities using various derivative instruments (futures, swaps, options, etc.).
• Strong knowledge of risk metrics such as VaR, stress testing and scenario analysis.
• Familiarity with one or more ETRM systems is an advantage (e.g., Endur, Symphony Freight).
• Solid knowledge of the MS Office suite, including excellent Excel and VBA skills; knowledge of Python, Power BI, MATLAB and SQL is a plus.
• Ability to communicate concisely with senior management in Market Risk and with stakeholders.
• Highly organized, with strong attention to detail and the ability to work under tight deadlines.
• Analytical mindset and strong numerical skills.
• Full command of the English language, both spoken and written.

Why ETB?

• Impactful Work : Join a team that plays a crucial role in Eni's Net Zero 2050 strategy, benefiting from Eni's strong trading position and global integration.
• Collaborative Culture : Experience a truly multicultural, supportive, and dynamic work environment.
• Career Growth : Rapid learning opportunities with potential for movement across teams and international roles.
• Work-Life Balance : Enjoy a balanced lifestyle with a comprehensive benefits package that may include health, well-being, 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. Originally an oil & gas company, it has evolved into an integrated energy company, playing a key role in ensuring energy security and leading the energy transition. Eni's goal is to achieve carbon neutrality by 2050 through the decarbonization of its processes and of the products it sells to its customers. In line with this goal, Eni invests in the research and development of technologies that can accelerate the transition to increasingly sustainable energy. Renewable energy sources, bio-refining, carbon capture and storage are only some examples of Eni's areas of activity and research. In addition, the company is exploring game-changing technologies such as fusion energy - a technology based on the physical processes that power stars and that could generate safe, virtually limitless energy with zero emissions.

Working at Eni

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 individua l , 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

Job title: SENIOR MARKET RISK ANALYST
Location: London, UK
Job reference #: 31769
Contract type: Permanent
Language requirements: Full professional proficiency in English

At Eni , we are looking for a Senior Market Risk Analyst (Quant) within Eni Trade & Biofuels (ETB) in London , UK.

You will work closely with Market Risk, Trade Control, IT and other risk teams to optimize daily processes, drive automation, and support data-driven risk analysis, scenario planning and stress testing for new products and markets. In this role, you'll cover oil, products, biofuels and bio-feedstocks, gaining broad exposure to all desks within ETB. Immerse yourself in the fast-evolving world of energy trading, particularly in the burgeoning biofuels market. ETB is committed to your professional growth, offering a vibrant environment that values knowledge, innovation and career advancement. This position could be your gateway to deepening your understanding of commodities, growing within middle office and trading functions, or pursuing new challenges across our global network.

About Eni Trade & Biofuels

ETB is at the cutting edge of sustainability and innovation in the global energy market. As a dynamic force within the Eni group, which is a leader in the energy transition, at ETB we are rapidly establishing ourselves as a key player in the new energy landscape. When you join ETB, you become part of Eni - a leading global energy company with over 32,000 employees in 61 countries. Eni is at the forefront of the energy industry, specializing in exploration, production, transport, marketing and trading of oil, natural gas and biofuels. ETB is the crude oil, refined oil products and biofuels trading and shipping company of Eni. We are a diverse and dynamic team of around 300 professionals distributed in three offices (Rome, London and Singapore) with the addition in Houston of Eni Trading & Shipping Inc. (ETS Inc) which handles marketing of oils and petroleum products for the US market. Our team is also involved in marketing Eni's oil equity productions, sourcing hydrocarbons and bio feedstocks, and managing the output of our traditional and green refineries.

Main responsibilities :

• Working on projects to enhance the performance of Middle Office functions - including Market Risk and Trade Control - through process automation, improved data management and enhanced reporting.
• Conducting stress testing and scenario analysis at both aggregated and strategy-specific levels, using cloud data platforms to model, process and store stress test results.
• Analysing physical and financial positions to ensure alignment with Eni's risk framework, leveraging cloud data platforms for effective dataset storage and management.
• Preparing and reviewing daily P&L and risk reports, integrating cloud data solutions to streamline reporting processes.
• Monitoring key risk metrics (VaR, stress testing, Greeks) and implementing data-driven improvements using Power BI for enhanced reporting and visualization.
• Leveraging tools such as Databricks, Power BI and Power Automate workflows to build dashboards and improve reporting efficiency across functions, including Market Risk and Trade Control.
• Collaborating with IT to develop and enhance risk reporting activities within our ETRM system.
• Working with internal stakeholders to deliver timely and accurate data insights and risk reports.

Skills and experience required :

• University degree in a numerate discipline (e.g., Economics, Mathematics, Computing, Finance, Pure Science, Engineering).
• Proven track record of working on data-related projects within a trading or risk management function, preferably in the energy sector.
• Proficient in Python, VBA, and SQL.
• Good knowledge of market risk metrics (VaR, stress testing, scenario analysis) and product control.
• Strong communication skills, with the ability to present complex data and risk concepts clearly and concisely to stakeholders and senior management.
• Analytical mindset with high attention to detail and the ability to work under tight deadlines.
• Fluent in English.

Why ETB?

• Impactful Work : Join a team that plays a crucial role in Eni's Net Zero 2050 strategy, benefiting from Eni's strong trading position and global integration.
• Collaborative Culture : Experience a truly multicultural, supportive, and dynamic work environment.
• Career Growth : Rapid learning opportunities with potential for movement across teams and international roles.
• Work-Life Balance : Enjoy a balanced lifestyle with a comprehensive benefits package that may include health, well-being, 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. Originally an oil & gas company, it has evolved into an integrated energy company, playing a key role in ensuring energy security and leading the energy transition. Eni's goal is to achieve carbon neutrality by 2050 through the decarbonization of its processes and of the products it sells to its customers. In line with this goal, Eni invests in the research and development of technologies that can accelerate the transition to increasingly sustainable energy. Renewable energy sources, bio-refining, carbon capture and storage are only some examples of Eni's areas of activity and research. In addition, the company is exploring game-changing technologies such as fusion energy - a technology based on the physical processes that power stars and that could generate safe, virtually limitless energy with zero emissions.

Working at Eni

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

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

About the role

We are seeking an experienced Associate Director to join our Market Risk advisory practice, focused on delivering innovative quantitative solutions to clients. In this role, you will leverage your deep quantitative expertise to advise clients on risk measurement, modelling, and regulatory compliance, contributing directly to their strategic decision-making progress.

Responsibilities

• Lead small and large multidisciplinary engagements and manage client relationships, provide advanced quantitative analysis and modelling to address complex market risk challenges
• Develop, validate, and implement quantitative risk models (including cVaR, CCR and xVA)
• Provide thought leadership in quantitative methodologies, regulatory requirements (e.g. Basel III/IV, FRTB), derivatives pricing techniques, and industry best practices
• Lead project teams, mentor and supervise junior team members, and ensure high-quality delivery
• Support business development initiatives, including identifying new opportunities and developing proposals

What are we looking for?

• Minimum of 7-10 years of relevant experience in quantitative modelling, market risk management, derivatives pricing, or risk advisory within financial services
• Demonstrated experience in one or more of the following areas: derivatives pricing, stochastic modelling techniques, statistical methods including AI/ML, and programming (e.g. Python, R, C++)
• Excellent analytical and problem-solving skills with the ability to translate complex quantitative concepts clearly to non-technical stakeholders

What we offer?

• A dynamic, collaborative, inclusive work environment
• Opportunities to work with leading global financial institutions on challenging and impactful projects
• Continuous professional development with tailored training and mentorship

About Forvis Mazars

Forvis Mazars is a leading global professional services network. The network operates under a single brand worldwide, with just two members: Forvis Mazars LLP in the United States and Forvis Mazars Group SC, an internationally integrated partnership operating in over 100 countries and territories.

Both member firms share a commitment to providing an unmatched client experience, delivering audit & assurance, tax and advisory services around the world. Together, our strategic vision strives to move our clients, people, industry and communities forward.  Through our reach and areas of expertise, we help organisations respond to emerging sustainability issues in the global marketplace including human rights, climate change, environmental impacts and culture.

We are one diverse, multicultural, multi-generational team with a huge sense of connection and belonging. This is a place where you can take ownership of your career, get involved, believe in yourself and put your ideas into action.

At Forvis Mazars, we empower our people and celebrate individuality. We thrive on teamwork and are agile. We have bold foresight and give people the freedom to make a personal contribution to our shared purpose. We support one another to deliver quality, create change and have a deeper understanding, to help make an impact so that everyone can reach their full potential.

Being inclusive is core to our culture at Forvis Mazars; we want to ensure everyone, whether in the recruitment process or beyond is fully supported to be their unique self. To read more about our approach click here .

Our aim is to make the recruitment process as accessible and inclusive as possible - please contact us to discuss any changes you may require so we can work with you to support you throughout your application.

Visit forvismazars.com/uk to learn more.

About the role

We are seeking an experienced Associate Director to join our Market Risk advisory practice, focused on delivering innovative quantitative solutions to clients. In this role, you will leverage your deep quantitative expertise to advise clients on risk measurement, modelling, and regulatory compliance, contributing directly to their strategic decision-making progress.

Responsibilities

• Lead small and large multidisciplinary engagements and manage client relationships, provide advanced quantitative analysis and modelling to address complex market risk challenges
• Develop, validate, and implement quantitative risk models (including cVaR, CCR and xVA)
• Provide thought leadership in quantitative methodologies, regulatory requirements (e.g. Basel III/IV, FRTB), derivatives pricing techniques, and industry best practices
• Lead project teams, mentor and supervise junior team members, and ensure high-quality delivery
• Support business development initiatives, including identifying new opportunities and developing proposals

What are we looking for?

• Minimum of 7-10 years of relevant experience in quantitative modelling, market risk management, derivatives pricing, or risk advisory within financial services
• Demonstrated experience in one or more of the following areas: derivatives pricing, stochastic modelling techniques, statistical methods including AI/ML, and programming (e.g. Python, R, C++)
• Excellent analytical and problem-solving skills with the ability to translate complex quantitative concepts clearly to non-technical stakeholders

What we offer?

• A dynamic, collaborative, inclusive work environment
• Opportunities to work with leading global financial institutions on challenging and impactful projects
• Continuous professional development with tailored training and mentorship

About Forvis Mazars

Forvis Mazars is a leading global professional services network. The network operates under a single brand worldwide, with just two members: Forvis Mazars LLP in the United States and Forvis Mazars Group SC, an internationally integrated partnership operating in over 100 countries and territories.

Both member firms share a commitment to providing an unmatched client experience, delivering audit & assurance, tax and advisory services around the world. Together, our strategic vision strives to move our clients, people, industry and communities forward.  Through our reach and areas of expertise, we help organisations respond to emerging sustainability issues in the global marketplace including human rights, climate change, environmental impacts and culture.

We are one diverse, multicultural, multi-generational team with a huge sense of connection and belonging. This is a place where you can take ownership of your career, get involved, believe in yourself and put your ideas into action.

At Forvis Mazars, we empower our people and celebrate individuality. We thrive on teamwork and are agile. We have bold foresight and give people the freedom to make a personal contribution to our shared purpose. We support one another to deliver quality, create change and have a deeper understanding, to help make an impact so that everyone can reach their full potential.

Being inclusive is core to our culture at Forvis Mazars; we want to ensure everyone, whether in the recruitment process or beyond is fully supported to be their unique self. To read more about our approach click here .

Our aim is to make the recruitment process as accessible and inclusive as possible - please contact us to discuss any changes you may require so we can work with you to support you throughout your application.

Visit forvismazars.com/uk to learn more.

Job Description

Are you ready to make a significant impact in the energy sector? Join JP Morgan's Market Risk team and be at the forefront of our expansion into European Gas, Power & Emissions markets. This is an exciting opportunity to lead growth initiatives and collaborate with diverse stakeholders. As part of a global leader in financial services, you'll play a critical role in managing and mitigating market risks, ensuring the stability and integrity of our operations.

As a Market Risk - European Gas, Power & Emissions- Senior Associate/ Vice President in the Market Risk team, you will focus on European Gas, Power & Emissions. You will lead our growth into physical markets, working closely with various stakeholders to manage and mitigate market risks. We value inclusive language and a professional yet conversational tone, emphasizing the opportunities this role provides.

Job Responsibilities:
• Monitor and analyze market risk exposures related to European Gas, Power & Emissions.
• Develop and implement risk management strategies to support expansion into physical markets.
• Collaborate with trading, finance, and operations teams for comprehensive risk assessment and management.
• Conduct in-depth market analysis to identify potential risks and opportunities.
• Prepare and present risk reports to senior management, providing insights and recommendations.
• Stay abreast of market trends, regulatory changes, and industry developments affecting European energy markets.
• Support the development and enhancement of risk management tools and systems.

Required Qualifications, Capabilities, and Skills:
• Bachelor's Degree in a quantitative discipline.
• Proven experience in market risk management within the energy sector.
• Strong understanding of European Gas, Power & Emissions markets.
• Excellent analytical and quantitative skills, with the ability to interpret complex data.
• Knowledge of Market Risk practices such as stress testing, scenario analysis, VaR, risk sensitivities, limits.
• Strong communication and interpersonal skills, with the ability to work effectively in a team environment.
• Demonstrated ability to lead projects and drive growth initiatives.

Preferred Qualifications, Capabilities, and Skills:
• Experience with risk management tools and systems.
• Familiarity with regulatory changes affecting European energy markets.
• Ability to present complex information clearly to senior management.
• Experience in collaborating with diverse teams across trading, finance, and operations.
• Strong problem-solving skills and strategic thinking.
• Commitment to continuous learning and professional development.

About Us

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

About the Team

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.