Phillips 66
Global Trading Lead, Derivatives
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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 London or Houston - a separate posting (62326) is open for Houston-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.
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What You’ll Bring – Required
- Hold the legal right to live and work in the UK on a permanent basis, or the role you are applying for meets the criteria for employer sponsorship.
- Bachelor’s degree or higher.
- Proven trading experience, with a 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.
We are on an exciting journey, are you ready to join us?
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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.
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 16 August 2026. Applications will be reviewed periodically throughout the advertising window. However, we may invite candidates who pass our screening process to selection events on a first-come, first-served basis and making offers of employment to people who are successful at those events, therefore we advise that you apply as soon as possible to avoid disappointment.
Phillips 66 is an Equal Opportunity Employer
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