Marathon Petroleum
Overview
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 Leads the global distillates trading portfolio across domestic and international markets. Responsible for optimizing margin through arbitrage strategies, structured term deals, and integration across logistics, planning, and trading execution. The Head of Distillates has four core objectives: Leads strategy and trading for diesel and jet fuel across North America and international markets, structures spot/term agreements and arbitrage strategies aligned with regional and global pricing, coordinates with Refining, Logistics, Fuels Value Chains (FVC) and Value Chain Optimization (VCO) to ensure flow assurance, quality compliance and owns desk-level performance through optimization and derivative hedging. Key Responsibilities
Trading Strategy & Commercial Execution: Set and own the global distillates trading strategy, allocating domestic and international diesel and jet desks based on margin, volatility and regional demand
Define and execute arb strategies and term structure for each regional commodity desk
Support renewable diesel placement and LCFS/RIN strategy for diesel pools
Optimize crack spreads and basis trades across inland vs. coastal markets, balancing physical flow constraints
Structure and negotiate purchases and sales, aligning with refinery and terminal capabilities
Coordinate the use of derivatives (spreads, swaps, futures) to hedge regional exposures and protect margin
Market Intelligence & Analytics: Monitor regional price differentials, crack differentials (e.g. ULSD vs. crude), and seasonality for real‑time decision support
Partner with Analytics/VCO/FVCs to embed market outlook into the planning cycle to improve decision making
Sponsor continuous enhancement of distillates quality-arb activities and analytics
Engage in performance management by assessing trading actuals vs. planning benchmarks and recalibrate strategy to hit margin and volume goals
Assist in tracking KPIs such as regional crack capture and desk‑specific basis performance
Asset Coordination & Product Specification Management Coordinate with Refining, Terminals, Scheduling and MPLX to align distillates flow plans, storage logistics and off‑take scheduling
Manage quality/spec constraints (e.g., cetane, aromatics, cold flow) and regrade options
Oversee inventory placement to optimize trading around market structure
Ensure compliance with product specs, regulatory requirements and regional fuel mandates
Risk, Compliance & Counterparty Engagement Collaborate with the Risk/Middle Office and the wider Finance function to design compliant hedging frameworks and approve term deals against credit limits
Define hedge objectives and risk limits
Partner with the Financial Trading desk for execution of broader financial portfolio trading and exposure management
Build and maintain relationships with major suppliers and end‑users in distillates markets globally
Structure transactions to balance credit, counterparty reliability, economics and regulatory compliance
Coordinate with Middle Office to ensure accurate P&L attribution and daily risk reporting
Cross-Functional Interfaces Work closely with Origination, FVCs, VCO and cross‑commodity trading teams to align term volumes, hedges and customer deliveries
Engage with the company‑wide support functions including, but not limited to Legal, Regulatory, Compliance, Contracts, Risk, IT and Credit
Leadership & Capability Development Build and coach a high‑performing global distillate trading team across multiple US offices, along with Singapore and London
Foster data‑driven decision making, disciplined risk management and cross‑desk collaboration
Identify and develop future desk leads and ensure robust succession planning
Foster development of employees interested in trading and commercial roles
Core Competencies: Commercial & Financial Acumen
Expert in understanding fundamental and financial drivers in the global distillate markets. Proficient in physical market and financial trading, along with structured deal negotiation
Adept in cross‑commodity financial markets, including cracks and other inter‑commodity spreads
Uses derivatives to hedge and monetize regional basis and quality arbitrage
Strategic Vision & Systems Thinking
Aligns regional desks to an integrated enterprise trading strategy
Embeds trading insights into long‑term margin capture plans
Operational Excellence & Supply Chain Expertise
Oversees inventory and product spec management within logistical constraints
Collaborates with other MPC functions to enable physical trade execution
Risk Management & Resilience
Allocates hedge limits, manages risk exposures, and ensures counterparty compliance
Oversees daily P&L attribution and exception management
Digital & Analytical Fluency
Expert understanding of supply & demand, macroeconomics and geopolitical drivers within the global distillate markets
Applies basic and advanced analytics to optimize trading decisions against market signals
Education and Experience Required: Bachelor’s degree required;
10 years of trader or related commercial experience, with a proven track record across multiple geographies
Preferred: At least 5 years managing global distillates P&L
Demonstrated leadership of regional and global distillate desks
Prior experience in other refined products or crude markets
Experience in both physical and paper markets
Strong understanding of quality arbitrage, regrade strategies, and regulatory program compliance
Proven track record structuring cycle‑tested arb strategies and term supply agreements
Strong stakeholder leadership with cross-functional and customer-facing responsibilities
Strong understanding of physical logistics, regrade mechanics and spec compliance
Location : Houston, TX Relocation : Available Estimated Travel : Approximately 10% of the time As an energy industry leader, our career opportunities fuel personal and professional growth. Location: Houston, Texas Additional locations: Job Requisition ID: 00018830 Location Address: 500 Dallas St Ste 2900 Education: Employee Group: Full time Employee Subgroup: Regular Marathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race, color, religion, creed, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), sexual orientation, gender identity, gender expression, reproductive health decision-making, age, mental or physical disability, medical condition or AIDS/HIV status, ancestry, national origin, genetic information, military, veteran status, marital status, citizenship or any other status protected by applicable federal, state, or local laws. If you would like more information about your EEO rights as an applicant, click here. If you need a reasonable accommodation for any part of the application process at Marathon Petroleum LP, please contact our Human Resources Department at talentacquisition@marathonpetroleum.com. Please specify the reasonable accommodation you are requesting, along with the job posting number in which you may be interested. A Human Resources representative will review your request and contact you to discuss a reasonable accommodation. Marathon Petroleum offers a total rewards program which includes, but is not limited to, access to health, vision, and dental insurance, paid time off, 401k matching program, paid parental leave, and educational reimbursement. Detailed benefit information is available at myMPCBenefits (no link). The hired candidate will also be eligible for a discretionary company‑sponsored annual bonus program. Equal Opportunity Employer: Veteran / Disability We will consider all qualified applicants for employment, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws. In reviewing criminal history in connection with a conditional offer of employment, Marathon will consider the key responsibilities of the role.
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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 Leads the global distillates trading portfolio across domestic and international markets. Responsible for optimizing margin through arbitrage strategies, structured term deals, and integration across logistics, planning, and trading execution. The Head of Distillates has four core objectives: Leads strategy and trading for diesel and jet fuel across North America and international markets, structures spot/term agreements and arbitrage strategies aligned with regional and global pricing, coordinates with Refining, Logistics, Fuels Value Chains (FVC) and Value Chain Optimization (VCO) to ensure flow assurance, quality compliance and owns desk-level performance through optimization and derivative hedging. Key Responsibilities
Trading Strategy & Commercial Execution: Set and own the global distillates trading strategy, allocating domestic and international diesel and jet desks based on margin, volatility and regional demand
Define and execute arb strategies and term structure for each regional commodity desk
Support renewable diesel placement and LCFS/RIN strategy for diesel pools
Optimize crack spreads and basis trades across inland vs. coastal markets, balancing physical flow constraints
Structure and negotiate purchases and sales, aligning with refinery and terminal capabilities
Coordinate the use of derivatives (spreads, swaps, futures) to hedge regional exposures and protect margin
Market Intelligence & Analytics: Monitor regional price differentials, crack differentials (e.g. ULSD vs. crude), and seasonality for real‑time decision support
Partner with Analytics/VCO/FVCs to embed market outlook into the planning cycle to improve decision making
Sponsor continuous enhancement of distillates quality-arb activities and analytics
Engage in performance management by assessing trading actuals vs. planning benchmarks and recalibrate strategy to hit margin and volume goals
Assist in tracking KPIs such as regional crack capture and desk‑specific basis performance
Asset Coordination & Product Specification Management Coordinate with Refining, Terminals, Scheduling and MPLX to align distillates flow plans, storage logistics and off‑take scheduling
Manage quality/spec constraints (e.g., cetane, aromatics, cold flow) and regrade options
Oversee inventory placement to optimize trading around market structure
Ensure compliance with product specs, regulatory requirements and regional fuel mandates
Risk, Compliance & Counterparty Engagement Collaborate with the Risk/Middle Office and the wider Finance function to design compliant hedging frameworks and approve term deals against credit limits
Define hedge objectives and risk limits
Partner with the Financial Trading desk for execution of broader financial portfolio trading and exposure management
Build and maintain relationships with major suppliers and end‑users in distillates markets globally
Structure transactions to balance credit, counterparty reliability, economics and regulatory compliance
Coordinate with Middle Office to ensure accurate P&L attribution and daily risk reporting
Cross-Functional Interfaces Work closely with Origination, FVCs, VCO and cross‑commodity trading teams to align term volumes, hedges and customer deliveries
Engage with the company‑wide support functions including, but not limited to Legal, Regulatory, Compliance, Contracts, Risk, IT and Credit
Leadership & Capability Development Build and coach a high‑performing global distillate trading team across multiple US offices, along with Singapore and London
Foster data‑driven decision making, disciplined risk management and cross‑desk collaboration
Identify and develop future desk leads and ensure robust succession planning
Foster development of employees interested in trading and commercial roles
Core Competencies: Commercial & Financial Acumen
Expert in understanding fundamental and financial drivers in the global distillate markets. Proficient in physical market and financial trading, along with structured deal negotiation
Adept in cross‑commodity financial markets, including cracks and other inter‑commodity spreads
Uses derivatives to hedge and monetize regional basis and quality arbitrage
Strategic Vision & Systems Thinking
Aligns regional desks to an integrated enterprise trading strategy
Embeds trading insights into long‑term margin capture plans
Operational Excellence & Supply Chain Expertise
Oversees inventory and product spec management within logistical constraints
Collaborates with other MPC functions to enable physical trade execution
Risk Management & Resilience
Allocates hedge limits, manages risk exposures, and ensures counterparty compliance
Oversees daily P&L attribution and exception management
Digital & Analytical Fluency
Expert understanding of supply & demand, macroeconomics and geopolitical drivers within the global distillate markets
Applies basic and advanced analytics to optimize trading decisions against market signals
Education and Experience Required: Bachelor’s degree required;
10 years of trader or related commercial experience, with a proven track record across multiple geographies
Preferred: At least 5 years managing global distillates P&L
Demonstrated leadership of regional and global distillate desks
Prior experience in other refined products or crude markets
Experience in both physical and paper markets
Strong understanding of quality arbitrage, regrade strategies, and regulatory program compliance
Proven track record structuring cycle‑tested arb strategies and term supply agreements
Strong stakeholder leadership with cross-functional and customer-facing responsibilities
Strong understanding of physical logistics, regrade mechanics and spec compliance
Location : Houston, TX Relocation : Available Estimated Travel : Approximately 10% of the time As an energy industry leader, our career opportunities fuel personal and professional growth. Location: Houston, Texas Additional locations: Job Requisition ID: 00018830 Location Address: 500 Dallas St Ste 2900 Education: Employee Group: Full time Employee Subgroup: Regular Marathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race, color, religion, creed, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), sexual orientation, gender identity, gender expression, reproductive health decision-making, age, mental or physical disability, medical condition or AIDS/HIV status, ancestry, national origin, genetic information, military, veteran status, marital status, citizenship or any other status protected by applicable federal, state, or local laws. If you would like more information about your EEO rights as an applicant, click here. If you need a reasonable accommodation for any part of the application process at Marathon Petroleum LP, please contact our Human Resources Department at talentacquisition@marathonpetroleum.com. Please specify the reasonable accommodation you are requesting, along with the job posting number in which you may be interested. A Human Resources representative will review your request and contact you to discuss a reasonable accommodation. Marathon Petroleum offers a total rewards program which includes, but is not limited to, access to health, vision, and dental insurance, paid time off, 401k matching program, paid parental leave, and educational reimbursement. Detailed benefit information is available at myMPCBenefits (no link). The hired candidate will also be eligible for a discretionary company‑sponsored annual bonus program. Equal Opportunity Employer: Veteran / Disability We will consider all qualified applicants for employment, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws. In reviewing criminal history in connection with a conditional offer of employment, Marathon will consider the key responsibilities of the role.
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