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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 R efining, L ogistics, Fuels Value Chains (FVC) and V alue Chain Optimization (VCO) to optimize tankage and blending economics.

Key Responsibilities

Trading Strategy & Commercial Execution

+ Own the light ends trading strategy, allocating d omestic and i nternational 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 blend ing opportunities

Market Intelligence & Analytics

+ Track 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 t rack ing KPIs such as regional crack capture and desk‐ specific basis performance

Asset Coordination & Product Specification Management

+ Coordinate with Refining, Terminals , Scheduling 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

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 l ight e nds 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, 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 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

CORE COMPETENCIES:

+ 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

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 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

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:

00018828

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 (https://marathonpetroleum.brandextract.com/staged/marathonpetroleum.com/content/documents/Jobs\_/Department\_of\_Labor\_EEOC\_.pdf) . If you need a reasonable accommodation for any part of the application process at Marathon Petroleum LP, please contact our Human Resources Department at [email protected] . 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 https://mympcbenefits.com .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.

About Marathon Petroleum Corporation

Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.