Senior Middle Distillates Trader

Overview

Execute and manage middle distillates trading, both physical and financial, to maximize P&L.

Key Responsibilities

• trade execution
• hedging
• arbitrage
• quant models
• market analysis
• compliance

Tasks

-Execute physical and paper trades in middle distillates to maximise P&L within defined risk parameters. -Monitor and hedge market exposures using futures, swaps and derivatives. -Support business growth through new initiatives and ideas to ensure the organic and sustainable development of the desk. -Guide and mentor Trading Analysts/Juniors, contributing to their professional development. -Build and maintain strong relationships with refiners, trading houses and end users. -Ensure all trading activity is always in compliance with relevant regulatory requirements and internal controls. -Structure and execute arbitrage opportunities across regions and markets. -Track market fundamentals, pricing trends, freight, refining margins and inventory levels. -Negotiate contracts, offtake agreements and term supply deals. -Work closely with risk management to monitor exposures and adhere to position limits. -Collaborate with operations, risk, finance, and credit teams to ensure smooth execution. -Analyse macroeconomic trends, geopolitical risks, and market sentiment to inform trading decisions. -Communicate market views, trade ideas and risk assessments to senior management. -Develop and implement proprietary trading strategies to capture arbitrage, hedging, and speculative opportunities, including spread trading, volatility strategies and arbitrage. -Utilise technical analysis, quantitative models, and real-time data to identify trading opportunities.

Requirements

• derivatives
• python
• sql
• matlab
• degree
• trading

What You Bring

-Strong understanding of futures, options, swaps and structured energy derivative products. -Outstanding negotiation, communication and interpersonal skills. -Full command of the English language (written and spoken); knowledge of additional languages would be an asset. -High level of integrity and commitment to ethical standards. -Excellent analytical and quantitative skills, with proficiency in trading platforms and financial modelling. -Experience working within a global and international organisation is preferred. -Extensive experience in trading. -Proven track record of delivering results and growing a trading desk. -Solid understanding of risk management principles and regulatory requirements. -Demonstrated ability to work in a fast-paced, dynamic environment and make informed decisions under pressure. -A degree in Engineering, Mathematics, Finance, Economics or a related field is preferred. -Preferred knowledge of Python, VBA, SQL and MATLAB for quantitative analysis and modelling.

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Benefits

-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.

About Eni

-Headquartered in Rome, it stands out by combining traditional oil and gas with renewable energy, biorefining and proprietary tech. -Typical projects include exploration and production in Africa (Libya, Congo, Ivory Coast), mega biorefineries in Gela and Venice, and solar farms abroad. -It spun off subsidiaries like Versalis (chemicals), Enilive (mobility and biofuel stations) and Plenitude (EV charging & solar), each listed or partly independent. -It is unusual for speaking local dialects at ~1,700 Enilive stations, reinforcing regional ties. -It invests heavily in R&D—from supercomputing to CO₂ capture, fusion research and advanced biofuels. -Its financial strategy balances cyclical oil profits with carve-outs and technology to monetize future-facing assets while keeping strong cash flow.

Sector Specialisms