Trader - Products

About the role

An exciting career awaits you

At MPC, we're committed to being a great place to work - one that welcomes new ideas, encourages diverse perspectives, develops our people, and fosters a collaborative team environment.

Position Summary

Clean Products Trading is part of the Commercial organization, a cross-functional organization integral to maximizing re ning output value for MPC while meeting customer demands. Clean Products Trading actively trades all US domestic trading markets and internationally.

Clean Products Trading interfaces externally executing purchases, sales, buy-sells, and exchanges for nished gasoline and distillate as well as gasoline and diesel components dictated by re nery economics marketing demands, market conditions, and logistics to maximize economic margin consistent with safe supply chain operations and other MPC core values.

This position should be viewed as a growth opportunity for a highly motivated individual that has a strong aptitude and a keen interest for a commercial career. This role will provide an opportunity for the successful candidate to gain an understanding of clean products supply and trading while performing a complex and critical function.

This role requires a strong commercial mindset and a willingness to take calculated risk. The successful candidate will be expected to develop market views, deploy risk appropriately, and capitalize on opportunities to generate trading returns for the company.

Key Responsibilities

• Part of a broader team responsible for the USGC Light Ends trading desk as well as support to the broader MPC light ends team.
• Actively manages MPC's Jones Act Fleet and demands in the Florida market.
• Continuously reviews market conditions and the short-term supply and sales plans; recommends and implements changes to the plan to optimize overall value to MPC (product yield shifts, sales channel shifts, import/export changes, etc.).
• Evaluates and executes discretionary trades and business development opportunities beyond the core business (storage, blending, freight deals).
• Initiates and completes negotiations and executes or recommends execution of deals (purchase, exchange, and sale in contracts) that maximize economic benefits to the company.
• Builds and maintains internal and external relationships with counterparties and business partners.
• Prepares periodic reports on market activities and supply/demand or competitive developments.
• Collaborates with the value chain and various members of the extended business team (Credit, Legal, Accounting, etc.) to stay abreast of trading, logistical and financial activity, meet regulatory requirements, prepare contracts, address information queries, and develop acquisition/sales strategies to achieve optimum value.
• Participates in the negotiation or development of commercial resolutions impacting trading desk (e.g., disputes, claims, etc.).
• Analyzes and anticipates market conditions to optimize economic value added from purchases, sales, and exchanges in the short-term.
• Manages basis commodity exposure and/or physical inventory position to maximize market structure value within operational constraints in collaboration with Refining, Scheduling, and Finance groups within assigned area.
• Optimizes transportation and storage asset utilization, while managing costs and maximizing economic benefit in collaboration with key stakeholders with a focus on short term.

Education and Experience

• Trader
• Bachelor's degree required.
• Three (3) or more years of experience in Trading or Marketing including profit/loss responsibility for product trading, contract negotiation and scheduling (rail, truck, vessel and pipe).
• Experience in vessel operations, blending, and terminal operations is strongly preferred.
• Senior Trader
• Bachelor's degree required
• Five (5) or more years of experience in trading or marketing including profit/loss responsibility for product trading, contract negotiation and scheduling (rail, truck, vessel and pipe)Experience in vessel operations, blending, and terminal operations is strongly preferred.

Skills

• Accountability
• Commercial Awareness
• Communication
• Contract Management
• Customer-Focused
• Data Analysis
• Decision Making
• Entrepreneurship
• Leadership & Mentoring
• Marketing Strategies
• Negotiation
• Risk Management
• Strategic Planning
• Location: Houston TX
• Relocation: Available
• Estimated Travel: Up To 25%

Additional information

This position grade may vary depending on candidate experience. The successful candidate will be placed at a level commensurate with experience and qualifications.

As an energy industry leader, our career opportunities fuel personal and professional growth.

Location: Houston, Texas

Additional locations

• Job Requisition ID: 00024815
• Location Address: 500 Dallas St Ste 2900
• Education: Bachelors (Required)
• Employee Group: Full time
• Employee Subgroup: Regular