Distillates Trading Director

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 R efining, L ogistics, F uel s Value Chain s (FVC) and V alue Chain Optimization (VCO) to ensure flow assurance , quality compliance and owns desk-level performance through optimization and derivative hedging.

• Set and own the global distillates trading strategy, allocating d omestic and i nternational d iesel and j et 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 purchase s and sale s, 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 /FVC’s 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 & Counter party 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, counter party 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, 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

• 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

• 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…