Senior Derivatives Trader

Marathon Petroleum Corporation • Houston, TX

4d

About The Position

At MPC, we’re committed to being a great place to work – one that welcomes new ideas, encourages diverse perspectives, develops our people, and fosters a collaborative team environment. Position Summary 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. Serves on teams that serve cross functional activities. Performs back up execution on energy commodities.

Requirements

• Bachelor’s degree required.
• Five (5) 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 negotiating tactics to complement planned sales/supply strategies and to increase the efficiency of such activities.
• Continuously reviews market conditions and the short- and medium-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).
• 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 purchases, sales, and exchanges in the medium term.
• Manages basis commodity exposure and/or physical inventory position to maximize market structure value within operational constraints in collaboration with Refining, Scheduling, and Finance groups within assigned area.
• Optimizes transportation and storage asset utilization, while managing costs and maximizing economic benefit in collaboration with key stakeholders with a focus on short and medium term.

Benefits

• Marathon Petroleum offers a total rewards program which includes, but is not limited to, access to health, vision, and dental insurance, paid time off, 401k matching program, paid parental leave, and educational reimbursement.
• Detailed benefit information is available at https://mympcbenefits.com.
• The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level