. Phillips 66 & YOU - Together we can fuel the future

Basic Function

The Vegetable Oils Trader will be responsible for developing, managing and trading global renewable feedstock & fuels opportunities, with particular focus on the oilseed & vegetable oil markets and their interrelationship with the energy sector. The successful candidate will work as part of a renewables team to support global and European renewable objectives. This will include physical and financial trading; developing new business streams within oilseeds; expanding the scope of our fuels business; managing and optimizing storage locations; securing term offtake and supply agreements; diversifying our feedstock & fuels pool and internal stakeholder management working closely with Refining, Emerging Energy, VCO and other Commercial groups.

Responsibilities/Accountabilities

• Generate value (net margin) for Phillips 66

• Build oilseed & vegetable oil physical and financial trading position in EMEA

• Build strong relationships with external trading counterparties

• Understand counterparty requirements, strategies, drivers, business portfolio and market views

• Identify, pursue and implement new sourcing and trading opportunities.

• Work as part of a global trading team to fully manage the company’s renewable feedstock portfolio

• Support the European business in meeting their regulatory/compliance obligations

• Effectively manage price risk exposure from trading activities

• Build strong internal relationships within the European/Global Commercial organisation and with our key internal stakeholders (Refining, Marketing & Emerging Energy)

• Acquire and communicate market intelligence to internal parties up to and including executive management

• Support Refining, Marketing and Emerging Energy strategic initiatives that involve Renewables

• Become a recognised expert on renewable fuels key market and trading components for Phillips 66

Basic/Required Qualifications

• Hold the legal right to live and work in the UK on a permanent basis without restrictions or meet the criteria for employer sponsorship.

• Proven ability to make real-time commercial decisions that have a significant financial impact both independently and as part of the trading team

• Minimum 5 years trading experience in vegetable oil and oilseeds

• Understanding of risk/hedging tools to manage underlying positions

• Ability to interface effectively with internal and external customers, counterparties, suppliers and consultants

• Collaborative team player with ability to work constructively within a very close and often demanding team-working environment, and interact well with other parts of the group

• Self-starter with desire to grow a business and develop their own role within it

• Flexible; able to reassess market conditions and adjust market views accordingly

• Strong verbal and written communication skills

• Proficiency in Microsoft Excel

Preferred Skills/Competencies

• Previous experience of Renewable fuels trading

• Knowledge of Biofuels and the economic value it creates in the Clean Product supply chain

• Knowledge of UK/EU Biofuels directives (RTFO/RED)

• Proven ability to add significant value through trading or marketing expertise in the European markets, preferably with experience of trading physical and financial products

• Previous experience with marketing/trading/refinery/blending/oil movements operations

• Knowledge/experience of marine issues pertaining to the movement of products

• Understanding of the characteristics of products and processes in terms of oil refining, including an appreciation of specifications, and global supply/demand economics.

• Bachelors Degree from an accredited college or university

Additional Information

This role will require the wiliness to work various hours to manage communication across the globe and with key customers/suppliers. Some travel is required (10-20%)

Phillips 66 has significant marketing operations in Europe. In the UK the business is primarily wholesale, selling fuels to distributors (some of whom are branded JET) and resellers. The fuels are either collected by customers or delivered through a contracted road tanker fleet operating out of a number of UK distribution points. In addition, Phillips 66 Limited supplies a network of approximately 330 independently owned petrol forecourts, all of which are branded JET.

Other markets served are aviation, marine and LPG. JET supplies some of the UK's growing secondary airports using owned and shared refuelling tankers and storage, and delivers to airlines through contracted refuelling operations. Marine markets are served using contracted vehicles, as is the LPG business.

Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence.

Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow, by visiting phillips66.com.

To be considered:

In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of Monday 8th July 2024.

Phillips 66 is an Equal Opportunity Employer