Company: Eni
Skills: Business Analyst, Energy / Commodity Trading
Education: High School/Secondary
Location: Brussels, Belgium


IRC223108 - TRADE CONTROL ANALYST

At Eni, we are looking for a Trade Control Analyst within EGEM in Brussels, Belgium. You will be responsible for performing daily validation activities, making sure all physical and financial energy transactions (focus on Gas) are duly and timely captured and validated accordingly to the company procedures.

About EGEM

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 January 2021, Eni integrated its gas, power, emissions and LNG commodity trading activities into one Company, Eni Global Energy Markets (EGEM) to create a leader in the global commodities trading arena. EGEM is a leading gas player in Europe and is responsible for all of Eni's commodity trading in natural gas, power, emissions and related derivatives with offices in Brussels, London, Rome, and Singapore. The integration of the trading activities into EGEM enables ENI to capture additional business opportunities in a market which is becoming more liquid and integrated across different commodities. This integrated model has created a global centre of excellence for ENI's trading and commodities management.

As a member of the trading team at EGEM you will be responsible for :

• Performing daily validation activities of relevant price information (spot/forward), making sure all relevant market data information is duly and timely validated accordingly to the company procedures.

• Support the physical and financial transactions end of day process in the relevant ETRM systems guaranteeing the timely generation of Position and PNL reporting.

• Performing checks on un-authorized trades and monitoring of mandates/limits (tenor/quantity/value etc.).

• Performing daily market conformity controls to monitor both physical and financial transactions.

• Ensuring compliance with all internal and external regulations.

• Ensuring all internal & external audit requests/issues are promptly addressed.

• Guaranteeing the necessary activity related to the month-end and quarter-end checks for physical and financial energy transactions (focus on Gas)

• Supporting automation efforts by driving greater use of systems within the Trade Control team, eliminating manual spread sheets and fully support the implementation of relevant controls directly into the trade capture systems.

• Working with ICT to drive necessary system's developments.

• Acting as dedicated Middle Office interface with confirmation/contracts/operations Department.

• Guaranteeing the appropriate level of support to Middle Office function for what concern New Products/Non-Standard initiatives' approval.

• Monitoring procedural compliance for the new Financial Regulations (EMIR/Dodd Franck/REMIT/MiFID II) on first level control execution (reporting, reconciliation).

• Building good working relationship with internal (FO, BO, Risk, IT, Finance, Sox, Audit, Compliance etc) and relevant external stakeholders (auditors, clearers, brokers etc).

• Act as a back-up to cover other trade control members across Trade Control team.

• Dealing with ad hoc requests/analysis.

• Supporting digitalization process of team's activities, from design thinking to implementation, acting as point of refence for IT team.

This is the opportunity for you if you have these skills and requirements :

• Advanced knowledge of exchanges (i.e., ICE, EEX, CME) and any other trading platforms.

• Knowledge of market venues, their practices, and procedures especially in relation to product/trader set up and the systems interfaces between the exchange and the trading business.

• Strong academic credentials with a numeracy-oriented specialization, preferably Finance or quantitative discipline.

• Controls oriented/Risk mind-set.

• Full command of English language (written and spoken). Knowledge of Italian would be beneficial.

• Relevant experience within a Product Control/Market Risk/Middle Office/Risk management environment in a commodity trading company.

• Good knowledge of IT systems, tools, and programming languages: Microsoft Office Excel, Microsoft Power BI, SQL, Openlink Endur (plus) and Phython (plus)

• Direct energy commodity market experience preferred, specific knowledge of Gas physical and derivative market is a plus.

• Exposure to financial instruments related to energy products.

• Advanced knowledge of risk metrics and internal control systems applicable for physical and financial transactions.

• Knowledge of control processes applicable in a trading / regulated environment.

Location:

Brussels, Belgium

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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