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Client:
Phillips 66
Location:
Greater London, United Kingdom
Job Category:
Other
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EU work permit required:
Yes
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Job Reference:
aee8e732229f
Job Views:
8
Posted:
03.03.2025
Expiry Date:
17.04.2025
Job Description:
Phillips 66 & YOU - Together we can fuel the future
Basic Function
The post holder will be expected to create and deliver value for the P66 refining system, optimizing supply of advantaged feedstocks. The incumbent will also be responsible for growth derivatives trading associated with risk management of supply & trading barrels in addition to partnering with the Global Sweet Trading team to grow benchmark trading for Phillips 66 globally.
The role provides an excellent opportunity to work as part of a global trading team with a mandate for growth and diversification of trading activity.
Primary Accountabilities/Responsibilities
* Work with the other Global Sweet Crude traders and become a vibrant part of the London Crude team within Global Crude Trading.
* Drive implementation and growth around new crude trading opportunities.
* Cross regional Benchmark Spreads Crude Options Technical Trading of Crude Spreads to optimize value of P66 refining assets.
* Oversight of supply purchase requirement for P66 Refining system.
* Manage market structure & price risk for P66 system cargos.
* Support existing Europe crude derivatives book driving value from BFOETM optionality.
* Drive value from P66 crude exports position, assisting in the development of US exports physical activity in Europe.
* Check & execute Crude Bench Position Keeper’s calculation and maintenance of Phillips 66’ Global Consolidated DTD exposure profile for Europe & US exports Crude physical activity.
* Work with the Market Strategist, global crude and products traders as appropriate with respect to all analysis including pre-trade cycle analysis.
* Partner with Market Analysis to develop P66 Market Analysis capability.
* Play a leading role in developing commerciality and trading capability across the global crude function and London commercial in general.
* Assume shared responsibility for Atlantic Basin (North Sea) book position and P&L.
* Liaise with other departments such as risk, contracts, finance and IT, acting as an ambassador for Global Crude Trading and assisting in the development of capability of back and middle office on support of global crude trading growth.
Critical Skills/Leadership Criteria
Basic/Required Qualifications
* Hold the legal right to live and work in the UK on a permanent basis without restriction or meet the criteria for employer sponsorship.
* Bachelor's Degree from an accredited college or university.
* Relevant experience in a similar role with a proven track record of earnings.
* Internal Only: Must have attended and passed the Phillips 66 Trader Assessment Course.
* Proven track record of success in both crude physical & derivatives trading.
* An appetite for risk.
* Ability to deal with stress and what can be at times an extremely hectic working environment.
* Creativity and ability to liaise with different individuals with different styles effectively.
* Knowledge of vanilla derivatives concepts, and ability to learn and understand more complex derivative concepts.
* Working knowledge of Platts Europe Crude Pricing Mechanism.
* Understanding of US Crude exports & infrastructure.
* Excellent analytical & problem-solving skills.
* Financial, economic and statistical analysis and/or modeling experience.
* Excellent written, oral communication, and presentation skills.
* Solid understanding of macroeconomic business environment drivers, including supply, demand, and price drivers.
* Strong commercial acumen; quick thinker.
* Strong planning and organizational skills.
* Strong desire for personal learning and sharing of skills with others; team player.
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