Derivative Trader
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Job Location:
Houston, MS - USA
Monthly Salary:
Not Disclosed
Posted on:
15 hours ago
Vacancies:
1 Vacancy
Job Summary
An exciting career awaits you
At MPC were 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 riskprofile.Performs ad hoc analysis for energy related commodities.
KeyResponsibilities
- Develops and implementsAccurate andtimelyexecution of financial energy derivative instruments on multiple exchanges at the direction of internal physical traders and/or the companys Risk function as pertains to corporate hedge maintenance.
- Continuously reviews market conditions andthe short-term supply and sales plans;recommends and implements changes to theplan tooptimizeoverall value to MPC (productyield shifts sales channel shifts import/exportchanges etc.)
- Evaluates and executes discretionary tradeand business development opportunitiesbeyond the core business(storageblending freight deals) based on authority limits granted.
- Initiates and completes negotiations andexecutes or recommends execution of deals(purchase exchange and sale contracts) thatmaximize economic benefits to the company.
- Builds andmaintainsinternal and externalrelationships with counterparties and businesspartners.
- Prepares periodic reports on market activitiesand supply/demand or competitivedevelopments.
- Collaborates with the value chain and variousmembers of the extended business team(Credit Legal Accounting etc.) to stayabreast of trading logistical and financialactivity meet regulatory requirements preparecontracts address information queries anddevelop acquisition/sales strategies to achieveoptimumvalue.
- Participates in the negotiation or developmentof commercial resolutionsimpactingtradingdesk(e.g. disputes claims etc.)
- Analyzes andanticipatesmarket conditions tooptimizeeconomic value added from tradingactivity in collaboration with FVCVCOandacross the value chain.
- Manages basis commodity exposure and/orphysical inventory position to maximize marketstructure value within operational constraintsin collaboration with FVC VCO and across thevalue chain as well as Finance.
- Optimizestransportation and storage assetutilization while managing costs andmaximizing economic benefit in collaborationwith key stakeholders
- Leverage MPCs Priced and Physical Inventoryposition to maximize value across hedgestrategies and market structure in collaborationwith FVCVCOand across the value chain.
Education and Experience
Bachelorsdegree.
Three(3) or more years of experience in Trading or Marketing including profit/loss responsibility for Product Trading Contract Negotiation and Scheduling (rail truckvesseland pipe).
Skills
Accountability
Commercial Awareness
Communication
Contract Management
Customer-Focused
Data Analysis
Decision Making
Entrepreneurship
Leadership & Mentoring
Marketing Strategies
Negotiation
Risk Management
Strategic Planning
Location:Houston TX San Antonio TX and Findlay OH
Relocation:Available
Estimated Travel:5%
Thispositiongrade may vary depending on candidate experience. The successful candidate will be placed at a levelcommensuratewith experience and qualifications.
As an energy industry leader our career opportunities fuel personal and professional growth.
Location:
Houston TexasAdditional locations:
Findlay Ohio San Antonio TexasJob Requisition ID:
Location Address:
500 Dallas St Ste 2900Education:
Bachelors (Required)Employee Group:
Full timeEmployee Subgroup:
RegularMarathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race color religion creed sex gender (including pregnancy childbirth breastfeeding or related medical conditions) sexual orientation gender identity gender expression reproductive health decision-making age mental or physical disability medical condition or AIDS/HIV status ancestry national origin genetic information military veteran status marital status citizenship or any other status protected by applicable federal state or local laws. If you would like more information about your EEO rights as an applicant click here.
If you need a reasonable accommodation for any part of the application process at Marathon Petroleum LP please contact our Human Resources Department at . Please specify the reasonable accommodation you are requesting along with the job posting number in which you may be interested. A Human Resources representative will review your request and contact you to discuss a reasonable accommodation. 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.The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.
Equal Opportunity Employer: Veteran / Disability
We will consider all qualified Applicants for employment including those with arrest or conviction records in a manner consistent with the requirements of applicable state and local reviewing criminal history in connection with a conditional offer of employment Marathon will consider the key responsibilities of the role.
