Job Description
Job title: SENIOR TRADER - LPG
Location: London, UK
Job reference #: 31740
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 LPG 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.
This role offers unparalleled exposure to the entire commodity trading lifecycle - both physical and financial - through close collaboration with peers in our Front Office team and with all supporting functions, including Risk, Finance, Back Office and multiple business units. Crude oil and product trading is centred in the ETB offices in London, with additional trading personnel based in Singapore and Houston. Under the supervision of the team manager, this role will be responsible for contributing to the development and execution of LPG trading activities in alignment with ETB’s overall strategy.
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
- Developing and expanding LPG activities, including new ideas around current assets and growth initiatives.
- Trading physical LPG 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 LPG market and energy markets in general.
- Devising proprietary trading strategies for both physical and derivative markets.
- Liaising with system teams (upstream and downstream) to optimise flows.
- Liaising with shipping for the chartering of vessels on a spot or term basis.
- Providing analytical assessments to support trading decisions.
- Mentoring junior members of the team.
Key Responsibility Areas
- Market Analysis & Arbitrage Strategy: Conduct in-depth market analysis, together with the team, to identify arbitrage opportunities in the global LPG market, particularly between the U.S. and international markets (Asia, Europe, etc.). Develop and implement strategies to effectively exploit price differentials.
- Physical Trading & Execution: Source, negotiate and execute physical LPG trades with counterparties, including producers, refiners, and other trading entities, focusing especially on arbitrage cargoes moving from the U.S. to other regions. Ensure timely delivery and receipt of LPG shipments while efficiently balancing supply and demand.
- Arbitrage Cargo Management: Lead the planning, negotiation, and execution of arbitrage cargoes, leveraging pricing disparities and regional demand-supply dynamics, with a particular focus on U.S. export arbitrage opportunities. Manage the logistics and timing of arbitrage shipments to optimise profitability, with the ability to work globally with teams in the U.S. and Asia.
- Relationship Management: Build and maintain strong relationships with suppliers, customers, brokers, and logistics providers in both U.S. and international markets. Ensure competitive pricing, secure supply and timely delivery of LPG. Build internal relationships with all stakeholders across the Front Office and other teams, both in London and in other geographies.
- Risk Management: Monitor and manage market risks associated with price fluctuations, arbitrage timing, supply disruptions and regulatory changes, particularly in U.S. export markets. Implement appropriate hedging strategies to mitigate risk in arbitrage positions.
- Logistics & Scheduling: Coordinate and manage the logistics of LPG shipments, ensuring proper scheduling and timely deliveries for arbitrage cargoes. Work closely with operations and shipping teams to resolve any operational issues that may arise.
- Compliance & Documentation: Ensure compliance with relevant regulations and internal company policies. Prepare and maintain accurate documentation of trades, contracts, delivery schedules and regulatory filings.
- Profit & Loss (P&L) Management: Monitor and report on the performance of physical LPG trades, including arbitrage transactions. Analyse P&L and take proactive steps to optimise profitability and reduce exposure.
- Market Intelligence: Stay up to date with market trends, regulations, and global events affecting the LPG market, with a special focus on U.S. export dynamics. Share insights with the team and contribute to strategic decision-making related to arbitrage trading.
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 and growing a desk.
- Experience with derivative instruments for hedging.
- Strong analytical and quantitative skills, with proficiency in trading platforms and financial modelling.
- In-depth knowledge of LPG, 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 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.
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