What are the responsibilities and job description for the Derivative Trader position at Marathon Petroleum Corporation?
An exciting career awaits you
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.
Key Responsibilities
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%
This position grade may vary depending on candidate experience. The successful candidate will be placed at a level commensurate with experience and qualifications.
As an energy industry leader, our career opportunities fuel personal and professional growth.
Location:
Houston, Texas
Additional locations:
Findlay, Ohio, San Antonio, Texas
Job Requisition ID:
00021749
Location Address:
500 Dallas St Ste 2900
Education:
Bachelors (Required)
Employee Group:
Full time
Employee Subgroup:
Regular
Marathon 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 talentacquisition@marathonpetroleum.com. 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 https://mympcbenefits.com.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 laws. In reviewing criminal history in connection with a conditional offer of employment, Marathon will consider the key responsibilities of the role.
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.
Key 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.
- Bachelor’s degree required.
- 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
Location: Houston TX, San Antonio TX, and Findlay OH
Relocation: Available
Estimated Travel: 5%
This position grade may vary depending on candidate experience. The successful candidate will be placed at a level commensurate with experience and qualifications.
As an energy industry leader, our career opportunities fuel personal and professional growth.
Location:
Houston, Texas
Additional locations:
Findlay, Ohio, San Antonio, Texas
Job Requisition ID:
00021749
Location Address:
500 Dallas St Ste 2900
Education:
Bachelors (Required)
Employee Group:
Full time
Employee Subgroup:
Regular
Marathon 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 talentacquisition@marathonpetroleum.com. 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 https://mympcbenefits.com.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 laws. In reviewing criminal history in connection with a conditional offer of employment, Marathon will consider the key responsibilities of the role.