Senior Naphtha Trader

Job title: SENIOR NAPHTHA TRADER
Location: Singapore
Job reference #: 32249
Contract type: Permanent
Language requirements: Proficient in English

At Eni, we are looking for a Senior Naphtha Trader to join Eni Trade & Biofuels (ETB) in Singapore. Reporting to the Team Manager, you will be responsible for contributing to the development and execution of ETB's light products trading 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

The job holder will be part of a global team with a focus on Asia, and will be responsible for and actively involved in:

• Trading physical oil products (naphtha and/or condensate) and associated derivatives.
• Managing price risk exposure on the trading book.
• Building and maintaining strong relationships with trading counterparties.
• Identifying and executing the growth strategy in the region.
• Negotiating term and spot contracts with producers, refiners, and traders.
• Maintaining a deep understanding of the light oil products market and energy markets in general.
• Developing proprietary trading strategies for both physical and derivative markets.
• Collaborating with the London office to create arbitrage opportunities towards the East.
• Expanding the condensate portfolio supported by Eni upstream flows.
• Liaising with the shipping team for chartering vessels on a spot or term basis.
• Providing analytical assessments to support trading decisions.

General Trading Responsibilities

• Negotiate and conclude market transactions on a spot or term basis, within an agreed strategy, to generate value for ETB.
• Ensure that the oil production of Eni's upstream affiliates is sold to the best buyer.
• 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 best buyer. 
• Provide regular updates to management on trading activity, highlighting both routine desk performance and progress on new projects, initiatives and trade ideas.
• Be able to develop an asset-backed trading strategy wherever Eni operates productions or 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 London and Houston.
• Develop and execute physical and financial light products trading strategies.
• Build and maintain key relationships with other trading companies, refiners, petrochemical companies and producers.
• Develop and present analysis to management to support future trading positions.
• Track and communicate developments in the market and relevant market 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 in line with the ETB long-term crude trading strategy.
• Liaise with charterers in shipping and operations to ensure all physical movements are executed safely and efficiently.
• Participate in business development initiatives by assessing new market entries, trading hubs and partnership opportunities.
• Ensure effective credit risk management by liaising with credit teams and monitoring counterparty exposure.
• Guide and mentor the 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 carried out in compliance with all relevant policies, regulations, and the principles of Eni.

Skills and experience required:

• The preferred educational qualification is a degree (with preference for a numerate subject such as Engineering, Mathematics, or Economics). 
• Extensive experience in the supply and trading of naphtha and condensates. 
• Proven track record of delivery. 
• Experience with derivative instruments for hedging. 
• Knowledge of market fundamentals and market analysis. 
• Experience of refining, petrochemical and upstream operations and processes is considered beneficial. 
• Knowledge of standard IT software and software dedicated to trading activities. 
• Strong team player. 
• Courageous, confident, resilient, dynamic and disciplined. 
• Experience of working in a global and international organisation. 
• Strong written and verbal communication skills, with the ability to build effective relationships internally and externally. 
• 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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