Senior Trade Control Analyst

Senior Trade Control Analyst

Eni S.p.A.

London, United Kingdom

At Eni, we are looking for a Senior Trade Control Analyst to join Eni Trade & Biofuels (ETB) in London. Working closely with the Front Office and other teams within the Middle Office, you will be responsible for performing daily transaction validation and control activities across energy commodities (Power, Gas, LNG, Emissions and Oil Derivatives). The role is suited for an experienced Trade Control professional able to operate autonomously across controls, systems and regulatory topics, to own end-to-end deliverables and to act as a reference point for more junior members of the team.

Main responsibilities:

• Take end-to-end ownership of assigned controls and periodic deliverables ensuring completeness, adherence to validation standards and a complete audit trail within agreed deadlines.
• Act as a senior point of escalation and subject-matter reference for the Trade Control team across controls, systems and regulatory topics, deputizing for the Trade Control Manager where required.
• Provide day-to-day guidance, review and coaching to junior analysts, overseeing the quality, accuracy and timeliness of their control output and supporting their technical development.
• Perform daily trade validation activities, ensuring that all physical and financial energy transactions (with a focus on Gas, Power, Emissions, LNG and Oil derivatives) are accurately, completely, and promptly booked in the ETRM systems.
• Perform daily curve and price validation activities (spot/forward), ensuring market data accuracy in line with company procedures.
• Support the end-of-day process for physical and financial transactions in the relevant ETRM systems, ensuring the timely generation of Position and P&L reporting.
• Carry out mandate and unauthorized trade checks, escalating breaches in accordance with defined governance.
• Execute daily market conformity controls both physical and financial transactions.
• Support the execution and documentation of SOX and internal controls, including the collection of control evidence, identification of issues, and follow-up on remediation.
• Monitor and manage key trade lifecycle events (e.g., futures expiry, option exercise, deal amendments and cancellations), ensuring timely escalation and correct system representation.
• Support exchange and clearing activities, including reconciliation with clearing houses, broker fee validation, margin-related controls, and issue resolution with clearers and brokers.
• Ensure compliance with all internal and external regulations.
• Perform month-end and quarter-end control activities for physical and financial energy transactions (Gas, Power, Emissions and LNG).
• Monitor procedural compliance with new financial regulations (EMIR, Dodd‑Frank, REMIT and MiFID II) as part of first-level control activities, including reporting and reconciliation.
• Lead automation and digitalization initiatives within the Trade Control team, including the assessment of AI-based solutions.
• Actively contribute to systems enhancements and change initiatives, coordinating testing, validation and go-live activities from a Trade Control perspective.
• Provide the appropriate support to the Front Office for the approval of new products or non-standard initiatives.

Skills and experience required:

• University degree in a numeracy-oriented discipline (e.g. Finance, Economics, Financial Engineering, Risk Management).
• Significant experience within a Product Control, Market Risk, Middle Office or Risk Management environment in a commodity or financial trading organization. Knowledge of Gas, Power, Emissions and LNG is required.
• Knowledge of risk metrics and internal control systems applicable to physical and financial transactions.
• Good knowledge of IT systems, tools and programming languages: Microsoft Excel, VBA, Microsoft Power BI (a plus), SQL (a plus), Openlink Endur (a plus) and Python (a plus).
• Understanding of control processes applicable in a trading or regulated environment, including familiarity with market venues and system interfaces between the exchange and the trading business.
• Solid understanding of control processes in a regulated trading environment, with exposure to regulatory reporting (EMIR, REMIT, MiFID II, Dodd‑Frank) and audit interactions.
• Strong control mindset, with the ability to identify issues, assess risks and escalate appropriately within a structured governance framework.
• Demonstrated ability to coach and review the work of junior analysts and to act as a technical reference point within a team.
• Strong organisational skills and attention to detail, with the ability to work to tight deadlines.
• Strong communication skills, with the ability to build and maintain effective internal and external relationships.
• Proactive, results-oriented approach, with experience working in an international team environment.
• Fluent level of English (knowledge of French or Italian would be beneficial.