Sr. Market Risk and Quantitative Analyst

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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. When we are at our best, we are poised to deliver exceptional results — personally and professionally. Check out our benefits for certain eligible, full-time employees at the links below:

Location:

Houston, TX, US, 77042

Job Field:
Commercial

Phillips 66 & YOU - Together we can fuel the future

As a Sr Market Risk & Quantitative Analyst (Sr Advisor II, Market Risk & Quants), you will join a team that supports commodity trading activities by identifying, measuring, and reporting market and other risks, while helping ensure trading activity operates within approved limits and risk appetite. You will also help build and enhance the market risk systems and tools, such as VaR, stress testing, and volume monitoring, used to monitor and analyze risk exposures.

What You'll Do

• Produce timely and accurate global daily risk reports, including VaR and stress testing, and explain key drivers of change.
• Build and maintain systems used to calculate and report market risk, from position and price data through to published reporting.
• Provide commodity-level coverage for one or more trading desks, delivering clear risk assessments including key portfolio activity, risk drivers, and market developments.
• Collaborate closely with Product Control and other support functions to support holistic risk reporting.
• Support scenario analysis and modeling, maintain internal controls, and provide recommendations to management to ensure activities align with risk policies and regulatory requirements.

What You'll Bring – Required

• Legally authorized to work in the job posting country
• Bachelor's degree in STEM, financial engineering, or another highly quantitative field
• 5 or more years of relevant experience in on-trading floor (or similar environment) market risk and quantitative analysis OR 5 or more years of Python engineer-level coding experience
• Expert-level Python programming skills and strong experience managing large data sets using SQL and other tools

What Makes You Stand Out – Preferred

• Strong communication skills, with the ability to translate complex quantitative findings into clear, actionable insights for trading and management audiences, and to produce concise presentations of quantitative data
• Ability to thrive in a fast-paced, open trading-floor environment while managing multiple priorities
• Experience with physical energy trading protocols and financial instruments as applied in commodity trading
• Experience with ETRM systems, especially Right Angle or Allegro
• Experience applying machine learning or advanced statistical modeling techniques to market risk or quantitative finance problems
• Experience architecting quantitative risk platforms, including data pipelines, calculation engines, and reporting layers
• Advanced degree in a highly quantitative field

Compensation Range

This position has a base salary range of $160,200 – $195,800.

At Phillips 66, we are committed to pay transparency and competitive, equitable compensation. Each role is assigned a salary grade with a defined pay range, benchmarked against industry peers. Where a candidate offer falls within the posted range depends 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.

TheCommercial organization works to effectively leverage assets and market knowledge to create additional value within the risk parameters of the Company. We do this by maximizing general interest profitability, enhancing return on capital employed by successfully partnering with the Refining, Transportation and Marketing functions to ensure Value Chain Integration. Our truck and rail fleets support our feedstock and distribution operations. Rail movements are provided via a fleet of more than…