Cross-Commodity Derivatives Trader

Phillips 66 & YOU - Together we can fuel the future

We are seeking a commercially focused Cross-Commodity Derivatives Trader to join our team. This role will be responsible for identifying, structuring, and executing derivatives strategies that complement and enhance our physical trading activities across multiple commodity markets. The trader will apply a fundamentals-based approach grounded in supply/demand dynamics, macroeconomic trends, and commercial insight from our physical business.

Key Responsibilities:

• Commercial Derivatives Trading: Develop and execute financially settled derivatives strategies—including futures, options, and cleared swaps—that support and enhance the value of our physical positions, customer flows, and contractual optionality. The focus is on unlocking value and anticipating commercial opportunities beyond the prompt +3 month horizon.
• Fundamentals-Driven Market Insight: Develop and apply market views based on supply/demand balances, global trade flows, inventory levels, macroeconomic and geopolitical trends, and the company’s own asset intelligence.
• Physical-Linked Optionality: Trade around embedded optionality in structured or physical positions, emphasizing curve, spread, and seasonal opportunities derived from commercial insight.
• Commercial Alignment: Collaborate closely with physical trading desks, analysts, and origination teams to ensure derivatives activity remains tightly aligned with commercial strategy, customer needs, and risk management objectives.
• Origination & Risk Management Support: Partner with origination and commercial teams to structure risk management solutions and pricing mechanisms that support new customer deals and long-term relationships.
• Capability Development: Support the build-out of broader derivatives capabilities, including tools, risk analytics, and trading infrastructure to improve efficiency, transparency, and commercial performance.
• Future Execution Desk Integration: Over time, help support the development of a central derivatives execution function by contributing to internal market-making activities in benchmark futures and select cleared swaps, facilitating efficient execution and liquidity management across commodity desks.

Required Qualifications:

• • 5+ years of experience trading commodity derivatives (futures, options, swaps), ideally within a physical trading, producer, or commercial energy environment.
  • Strong grasp of market structure, options theory, curve dynamics, and cleared derivatives execution.
  • Proven track record of applying market fundamentals to generate value in alignment with physical flows and customer relationships.
  • Experience working across desks and functional areas (trading, origination, risk, analytics)
  • Excellent communication, risk awareness, and disciplined trading judgmen

Preferred Qualifications:

• • Advanced degree in Finance, Economics, Engineering, or a related field is preferred. 

The Commercial organization  works to effectively leverage assets and market knowledge to create additional value within the risk parameters of the Company. We do this by maximizing general interest profitability, enhancing return on capital employed by successfully partnering with the Refining, Transportation and Marketing functions to ensure Value Chain Integration.   Our truck and rail fleets support our feedstock and distribution operations.  Rail movements are provided via a fleet of more than 10,000 owned and leased rail cars. Truck movements are provided through numerous third-party trucking companies, as well as through our 100 percent-owned subsidiary, Sentinel Transportation LLC.

Total Rewards

At Phillips 66, providing access to high quality programs and care for you and your family is important to us. Maintaining a culture of well-being — physical, emotional, social, and financial — is essential for a high-performing organization. When we are at our best, we are poised to deliver exceptional results — personally and professionally. Benefits for certain eligible, full-time employees include:

• 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

Learn more about Phillips 66 Total Rewards.

Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence.

Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow, by visiting phillips66.com. 

To be considered:

In order 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 08/13/2025.

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.