Light Ends Trading DirectorMarathon Petroleum • Houston, TX, US
Light Ends Trading Director
Marathon Petroleum • Houston, TX, US
5 days ago
Job type
- Full-time
Job descriptionTrack gasoline crack curves, regional basis, seasonal RVP requirements and naphtha value drivers in global markets Partner with Analytics / VCO / FVC's to embed market outlook into the planning cycle to improve decision making Measure uplift from blending, basis capture and product performance vs. planning benchmarks Engage in performance management by assessing trading performance 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 Coordinate with Refining, Terminals, and MPLX on blend pool optimization, tankage allocation and quality swaps Manage compliance with gasoline spec and naphtha constraints (Octane, RVP, sulfur limits) Oversee inventory placement to optimize trading flexibility around market structure Ensure compliance with product specs, regulatory requirements and regional fuel mandates 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 light ends 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 Work closely with Origination, FVC's, 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 Build and coach a high-performing light ends 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 Commercial & Financial Acumen Expert in understanding fundamental and financial drivers in the gasoline, naphtha and components markets. Proficient in physical market and financial trading, along with structured deal negotiation In-depth understanding of ex-refinery commercial gasoline blending using internal and external components 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 Ensures seasonal compliance (e.g., RVP) and logistical feasibility for blending Risk Management & Resilience Allocates hedge limits, manages risk exposures, and ensures counterparty compliance Oversees daily P&L attribution and exception management Ensures regulatory compliance across gasoline specs and petrochemical supply chains Digital & Analytical Fluency Expert understanding of supply & demand, macroeconomics and geopolitical drivers within the global light ends markets Applies basic and advanced analytics to optimize trading decisions against market signals Bachelor's degree required 10 years of trader or related commercial experience, with a proven track record across multiple geographies At least 5 years managing global gasoline or naphtha P&L Demonstrated leadership of regional and global Light Ends desks Prior experience in other refined products or crude markets Experience in both physical and paper markets In-depth knowledge of gasoline specifications, seasonal RVP regulations, and petrochemical market dynamics Strong stakeholder leadership with cross-functional and customer-facing responsibilities Demonstrated success optimizing blend economics and structuring arb strategies
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
Oversees the global trading of gasoline, naphtha, and gasoline blending components. Drives commercial value through blend optimization, overseeing arbitrage activities, and structured deal execution across diverse markets. The Head of Light Ends has four core objectives : sets trading strategy across gasoline, naphtha, and supporting blending operations in all regions, Leads blend pool optimization and manages spec compliance across seasonal markets, Executes arbitrage and derivative hedging for margin protection, and Coordinates with Refining, Logistics, Fuels Value Chains (FVC) and Value Chain Optimization (VCO) to optimize tankage and blending economics.
Key Responsibilities
Trading Strategy & Commercial Execution
- Own the light ends trading strategy, allocating domestic and international desks based on margin, volatility and regional demand
- Define and execute arb strategies and term structures for each regional commodity desk
- Lead blend optimization initiatives and structure term contracts for gasoline, naphtha and high-value blending components, balancing market access and logistics
- Use derivatives (spreads, swaps, futures) to hedge regional exposures and protect margin
- Support ethanol placement and LCFS / RIN strategy for gasoline pools. Manage sulfur and benzene credits around blending opportunities
Market Intelligence & Analytics
Asset Coordination & Product Specification Management
Risk, Compliance & Counterparty Engagement
Cross-Functional Interfaces
Leadership & Capability Development
Core Competencies
Education and Experience
Required :
Preferred :
Location : Houston
Relocation : Available
Estimated Travel : Approximately 10% of the time
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Director Trading • Houston, TX, US
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