Sr Trader II, Natural Gas
- Location
- Houston, TX
- Work model
- On-Site
- Level
- Senior
- H-1B history
- 4 approvals (FY2023)
About this role
Phillips 66 & YOU - Together we can fuel the future As a Sr Trader II, Natural Gas , you’ll serve as a senior individual contributor and subject matter expert with significant responsibility for shaping commercial outcomes across North American natural gas markets and advancing our natural gas trading strategy. This role calls for deep natural gas market expertise, strong commercial judgment, and the ability to lead through influence in highly complex and competitive environments. You’ll be expected to independently manage sophisticated physical and financial natural gas commercial situations, help set direction through market insight and strategic perspective, and serve as a respected leader among peers, business partners, and market participants. This position is ideal for someone who combines strong trading capability with a collaborative leadership style, a disciplined risk mindset, and a proven ability to create value across changing natural gas market conditions. What You’ll Do
Lead the purchase, sale, exchange, and risk management of physical and financial natural gas, including gas produced from Phillips 66 natural gas processing plants and products such as fixed-price and spread trades, basis trades, physical and financial index trades, and options, within established limits and strategic priorities. Analyze short- and long-term natural gas market dynamics, including production, processing, demand, weather, pipeline and transportation capacity, storage, regional flows, basis differentials, index relationships, and pricing structures, to shape trading strategy, inform decision-making, and maximize value capture. Generate forward curves, price forecasts, and market views; evaluate market fundamentals and trade ideas; and communicate clear recommendations that support portfolio strategy and commercial decisions. Build and maintain strong relationships with producers, processors, pipelines, storage operators, utilities, industrial consumers, marketers, brokers, traders, and other market participants. Evaluate daily P&L and risk positions, assess physical and financial exposure across natural gas markets and products, and apply expert economic reasoning to guide decisions, protect value, and maintain compliance with trading policies. Communicate and coordinate with origination to expand the Phillips 66 natural gas physical business, identify commercial opportunities, and develop solutions that support growth. Interpret regulatory requirements, tariffs, contract terms, market rules, and natural gas specifications; lead resolution of complex gas contracts and compliance matters; and ensure commercial activities align with required standards, strategic objectives, and performance expectations. Model commercial scenarios and lead asset and portfolio optimization efforts involving transportation, storage, basis exposure, index pricing, optionality, and physical commitments, providing high-value insights that help the organization respond decisively to changing natural gas market conditions. Collaborate across Risk, Accounting, IT, Finance, scheduling, operations, origination, and other internal teams to ensure trade activity is accurately captured and reported, solve complex commercial and logistical challenges, and align stakeholders around value-driven natural gas solutions. Maintain deep subject-matter expertise on natural gas fundamentals, regional market-area dynamics, pipeline and storage infrastructure, forward curves, financial basis, options, and industry trends; recommend improvements that strengthen commercial performance, organizational decision-making, and market responsiveness. Provide market point of view and clear explanation of positions, exposures, and strategic recommendations to Commercial leadership and other members of Senior Management. Act as a senior individual contributor and informal leader by sharing knowledge, mentoring others, and elevating natural gas