Market Risk Analyst

Phillips 66 & YOU – Together we can fuel the future

As a Product Control Advisor III
, you will provide specialist market risk analysis to help Phillips 66 manage its commodity exposures and trading activities. You’ll join a collaborative team that monitors positions, enforces risk limits, and supports data‑driven decisions in a dynamic trading environment. This is a great opportunity to deepen your understanding of energy markets, work with trading and finance partners, and grow your career in risk management.

• Produce timely, accurate daily risk exposure reports for trading portfolios, including market positions, volumetric exposures, and key drivers of change, ensuring positions and valuations are complete and reliable.
• Calculate and interpret market risk metrics such as value at risk (VaR), back‑tests, and stress and scenario analyses to assess portfolio performance against risk appetite and highlight emerging risks to senior colleagues.
• Monitor risk parameters and trading limits within established frameworks; identify, investigate, and elevate deviations or policy breaches, supporting strong risk governance and control.
• Develop, test, and maintain market risk procedures, methodologies, and documentation to support compliance with internal policies, trading controls, and relevant regulations.
• Collect, cleanse, and analyze data from multiple systems to validate prices and forward curves, reconcile exposures, and provide clear explanations for P&L and risk results to trading, product control, and finance partners.
• Prepare clear, well‑structured reports and presentations that summarize risk exposures, P&L drivers, and key insights for a range of stakeholders.
• Support and maintain a robust internal control and operational compliance environment by following established controls, identifying potential issues, and escalating instances of non‑compliance as needed.
• Build your own market risk capabilities through ongoing learning, leveraging new tools, analytics, and industry best practices, and contribute ideas to improve processes, data quality, and reporting.

• Legally authorized to work in the job posting country
• Bachelor’s degree in Finance, Accounting, Economics, or a related field
• 2 or more years of experience in market risk, product control, middle office, finance, or accounting
• Intermediate or greater proficiency working in Microsoft Excel
• Experience in market risk or energy commodity trading environment preferably physical/Financial Power & Natural Gas
• Experience with ETRM systems such as Allegro, Right Angle, Openlink
• Experience using SQL, VBA, or Python for data analysis, modeling, and reporting
• Strong analytical and numerical skills, with the ability to interpret complex data, run stress or scenario analyses, and identify trends in portfolio risk and P&L
• Must be willing and able, with or without reasonable accommodation, to comply with the following:
  • Travel up to 5% of the time
  • Occasional on-call duties
  • Work extended hours, which may include evenings, weekends, and holidays

• Experience building reports and visualizations in Power BI or Tableau
• Demonstrated ability to enhance processes, controls, or reporting within a risk, trading, or finance function, with a focus on continuous improvement and accuracy
• Effective communication and collaboration skills, with the ability to explain risk concepts and insights to both technical and non‑technical stakeholders

This position has a base salary range of $125,100 – $152,900. Phillips 66 is committed to pay transparency and competitive, equitable compensation. Each role is assigned a salary grade with a defined pay range, benchmarked against industry peers. The final offer will depend on the candidate’s experience, skills, and alignment with the role’s requirements. Offers are made to ensure internal equity and market competitiveness.

Our compensation programs are designed to reward performance and support career growth.

At Phillips 66, providing access to high‑quality programs and care for you and your family is important to us. Maintaining a culture of well‑being—physical, emotional, social, and financial—is essential for a high‑performing organization. Benefits for certain eligible, full‑time employees include:

• Annual Variable Cash Incentive Program (VCIP) bonus
• 8% 401(k) company match
• Cash Balance Account pension
• Medical, Dental, and Vision benefits with an annual company contribution to a Health Savings Account for employees on HDHP
• Total well‑being programs and incentives, including Employee Assistance Plan, well‑being reimbursement, and backup family care services

Phillips 66 is an Equal Opportunity Employer.