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Global Trading Lead, Derivatives

$299.7k - $366.3k
Full-time

Phillips 66

Phillips 66 & YOU - Together we can fuel the future

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 - a separate posting (62332) is open for London-based candidates.

At Phillips 66, Lead Forward is our leadership approach. It defines how leaders show up, make decisions, and support their teams while delivering results in a complex, fast ‑ changing environment.

Leaders who lead other leaders are expected to scale strong leadership across teams. This includes coaching leaders, aligning work to strategy, and breaking down barriers so teams can work together effectively. You'll guide others through change, encourage sound decision ‑ making, and ensure accountability for results.

What You'll Do



  • 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
What You'll Bring - Required



  • Legally 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
What Makes You Stand Out - Preferred



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

At Phillips 66, we are committed to pay transparency and competitive, equitable compensation. Each role is assigned a salary grade with a defined pay range, benchmarked against industry peers. Where a candidate offer falls within the posted range depends on the candidate's experience, skills, and alignment with the role's requirements. Offers are made to ensure internal equity and market competitiveness. Our compensation programs are designed to reward performance and support career growth.

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:

  • 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, cultivate an environment of trust, seek different perspectives and pursue 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 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.

Phillips 66 is an Equal Opportunity Employer

Nearest Major Market: Houston
Vacancy posted 15 days ago
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