Global Trading Lead, Derivatives

About the role

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, with a separate posting available for London-based candidates.

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.

Requirements

• Likely 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.

Preferred

• Prior experience as a People Leader.
• Expertise in quantitative analysis.
• Experience with option modelling.

What You’ll Bring

Compensation Range: This position has a base salary range of $299,700 – $366,300. This role is eligible to participate in the company’s commercial bonus program, offering the opportunity to earn additional compensation based on business and individual performance, in accordance with program guidelines.

Benefits

At Phillips 66, we provide access to high-quality programs and care for you and your family, including:

• 8% 401(k) 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

To Be Considered

To be considered for this position, you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of August 16, 2026. Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee, or temporary resident under 8 U.S.C. 1160(a) or 1255(a)(1). Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.