Global Trading Lead, Derivatives
About The Position
The Global Trading Lead, Derivatives is responsible for building and managing an energy focused Derivatives trading team within the Phillips 66 Commercial organization. This position can be based in Houston or London. At Phillips 66, Lead Forward is our leadership approach. It defines how leaders show up, make decisions, and support their teams while delivering results in a complex, fast‑changing environment. Leaders who lead other leaders are expected to scale strong leadership across teams. This includes coaching leaders, aligning work to strategy, and breaking down barriers so teams can work together effectively. You’ll guide others through change, encourage sound decision‑making, and ensure accountability for results.
Requirements
- Legally authorized to work in the United States
- Bachelor’s degree or higher
- 15 or more years of trading experience
- Proven track record of strong derivative trading results
Nice To Haves
- Prior experience as a People Leader
- Expertise in quantitative analysis
- Experience with option modelling
Responsibilities
- Build, structure, and develop a Derivatives trading team as well as the execution model for derivatives within Phillips 66.
- Manage Derivatives trading team within authorized risk and drawdown levels
- Collaborate with the trade compliance team to ensure adherence to exchange position limits across the company.
- Efficiently communicate trading positions to management and other traders
- Day-to-day trading of flat price, time spread, crack, margin, regional arbitrage, and cross-commodity derivatives positions
- Develop, communicate, and execute derivatives trading strategies
- Drive monetization of information captured within the Phillips 66 asset system and physical trading activities
- Identify and execute on opportunities to improve current physical hedging activities
- Support, advise, and manage risk associated with the growth of new physical business
- Work with the current physical trading and fundamental analyst teams to improve the process, accuracy, and usability of forward mass balance and other trading analytics
- Develop systematic and macro trading models to complement the Phillips 66 trading portfolio
- Coach, develop, and assess the Derivatives team, including leading succession planning and talent development
- Establish team priorities, performance expectations, and accountability mechanisms
Benefits
- 8% 401k company match
- Cash Balance Account pension
- Medical, Dental, and Vision benefits with an annual company contribution to a Health Savings Account for employees on HDHP
- Total well-being programs and incentives, including Employee Assistance Plan, well-being reimbursement, and backup family care services
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What This Job Offers
Job Type
Full-time
Career Level
Senior
