Sr Trader II, Natural Gas

Phillips 66 • Houston, TX

3d • $244,800 - $299,200

About The Position

As a Sr Trader II, Natural Gas, you’ll serve as a senior individual contributor and subject matter expert with significant responsibility for shaping commercial outcomes across North American natural gas markets and advancing our natural gas trading strategy. This role calls for deep natural gas market expertise, strong commercial judgment, and the ability to lead through influence in highly complex and competitive environments. You’ll be expected to independently manage sophisticated physical and financial natural gas commercial situations, help set direction through market insight and strategic perspective, and serve as a respected leader among peers, business partners, and market participants. This position is ideal for someone who combines strong trading capability with a collaborative leadership style, a disciplined risk mindset, and a proven ability to create value across changing natural gas market conditions.

Requirements

• Legally authorized to work in the job posting country
• Bachelor’s degree or higher
• Extensive working knowledge of market fundamentals, risk controls, and operations
• 10 or more years of direct Trading experience
• Strong history of managing risk and deploying VAR

Nice To Haves

• 15 or more years of energy supply, trading, origination, or commercial experience
• Prior natural gas, power, refined products, or energy-marketing experience, preferably involving the West Texas and Gulf markets. Deep understanding of both intrastate and interstate pipeline systems
• Demonstrated experience designing, implementing, and deploying Value-at-Risk (VaR) methodologies and tools to quantify and manage market risk across physical and financial trading portfolios
• Significant experience leading complex commercial negotiations and executing physical and financial natural gas transactions with meaningful business impact
• Strong understanding of natural gas market fundamentals, market-area dynamics, pipeline and storage infrastructure, and regional basis relationships
• Ability to identify natural gas market trends early and take thoughtful, calculated risks based on market conditions
• Working knowledge of financial basis and options modeling, forward curves, and natural gas pricing structures
• Strong interpersonal skills and the confidence to gather market intelligence, influence stakeholders, and build durable industry connections
• Demonstrated ability to provide experienced leadership, mentorship, and strategic commercial perspective as a senior individual contributor

Responsibilities

• Lead the purchase, sale, exchange, and risk management of physical and financial natural gas, including gas produced from Phillips 66 natural gas processing plants and products such as fixed-price and spread trades, basis trades, physical and financial index trades, and options, within established limits and strategic priorities.
• Analyze short- and long-term natural gas market dynamics, including production, processing, demand, weather, pipeline and transportation capacity, storage, regional flows, basis differentials, index relationships, and pricing structures, to shape trading strategy, inform decision-making, and maximize value capture.
• Generate forward curves, price forecasts, and market views; evaluate market fundamentals and trade ideas; and communicate clear recommendations that support portfolio strategy and commercial decisions.
• Build and maintain strong relationships with producers, processors, pipelines, storage operators, utilities, industrial consumers, marketers, brokers, traders, and other market participants.
• Evaluate daily P&L and risk positions, assess physical and financial exposure across natural gas markets and products, and apply expert economic reasoning to guide decisions, protect value, and maintain compliance with trading policies.
• Communicate and coordinate with origination to expand the Phillips 66 natural gas physical business, identify commercial opportunities, and develop solutions that support growth.
• Interpret regulatory requirements, tariffs, contract terms, market rules, and natural gas specifications; lead resolution of complex gas contracts and compliance matters; and ensure commercial activities align with required standards, strategic objectives, and performance expectations.
• Model commercial scenarios and lead asset and portfolio optimization efforts involving transportation, storage, basis exposure, index pricing, optionality, and physical commitments, providing high-value insights that help the organization respond decisively to changing natural gas market conditions.
• Collaborate across Risk, Accounting, IT, Finance, scheduling, operations, origination, and other internal teams to ensure trade activity is accurately captured and reported, solve complex commercial and logistical challenges, and align stakeholders around value-driven natural gas solutions.
• Maintain deep subject-matter expertise on natural gas fundamentals, regional market-area dynamics, pipeline and storage infrastructure, forward curves, financial basis, options, and industry trends; recommend improvements that strengthen commercial performance, organizational decision-making, and market responsiveness.
• Provide market point of view and clear explanation of positions, exposures, and strategic recommendations to Commercial leadership and other members of Senior Management.
• Act as a senior individual contributor and informal leader by sharing knowledge, mentoring others, and elevating natural gas commercial thinking and execution across the team.
• Represent the organization with credibility in the natural gas market and help strengthen external partnerships through consistent, high-quality commercial engagement.
• Travel as needed, including occasional overnight trips, to maintain market presence and support external relationships.

Benefits

• Annual Variable Cash Incentive Program (VCIP) bonus
• 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

What This Job Offers

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