Derivative Trader

Marathon Petroleum Corporation•Houston, TX

20h•Hybrid

About The Position

This Derivative Trader executes energy derivative instruments as they relate to inventory management and storage hedging. Includes, but not limited to, Crude, Gasoline, Diesel, Natural Gas, and related Agricultural products. Serves as a resource to management and physical traders on paper markets given corporate risk profile. Performs ad hoc analysis for energy related commodities.

Requirements

Bachelor’s degree.
Three (3) or more years of experience in Trading or Marketing including profit/loss responsibility for Product Trading, Contract Negotiation and Scheduling (rail, truck, vessel and pipe).
Accountability
Commercial Awareness
Communication
Contract Management
Customer-Focused
Data Analysis
Decision Making
Entrepreneurship
Leadership & Mentoring
Marketing Strategies
Negotiation
Risk Management
Strategic Planning

Responsibilities

Develops and implements Accurate and timely execution of financial energy derivative instruments on multiple exchanges at the direction of internal physical traders and/or the company’s Risk function as pertains to corporate hedge maintenance.
Continuously reviews market conditions and the short-term supply and sales plans; recommends and implements changes to the plan to optimize overall value to MPC (product yield shifts, sales channel shifts, import/export changes, etc.)
Evaluates and executes discretionary trade and business development opportunities beyond the core business (storage, blending, freight deals) based on authority limits granted.
Initiates and completes negotiations and executes or recommends execution of deals (purchase, exchange, and sale contracts) that maximize economic benefits to the company.
Builds and maintains internal and external relationships with counterparties and business partners.
Prepares periodic reports on market activities and supply/demand or competitive developments.
Collaborates with the value chain and various members of the extended business team (Credit, Legal, Accounting, etc.) to stay abreast of trading, logistical and financial activity, meet regulatory requirements, prepare contracts, address information queries, and develop acquisition/sales strategies to achieve optimum value.
Participates in the negotiation or development of commercial resolutions impacting trading desk (e.g., disputes, claims, etc.)
Analyzes and anticipates market conditions to optimize economic value added from trading activity in collaboration with FVC, VCO and across the value chain.
Manages basis commodity exposure and/or physical inventory position to maximize market structure value within operational constraints in collaboration with FVC, VCO and across the value chain as well as Finance.
Optimizes transportation and storage asset utilization , while managing costs and maximizing economic benefit in collaboration with key stakeholders
Leverage MPC’s Priced and Physical Inventory position to maximize value across hedge strategies and market structure in collaboration with FVC, VCO and across the value chain.