Commodity Trading Market Risk Analyst
Phillips 66
Houston, TX 77042
Description
Phillips 66 & YOU - Together we can fuel the future
The Commodity Trading Market Risk Analyst position is responsible for supporting the monitoring and reporting of all physical and paper commodity trades using the commercial department's deal capture, position reporting, and risk management systems. The position serves as an expert resource to the position control and risk analysis functions, solving problems, working on special projects, training new analysts, and backing up analysts during transitions.
Responsibilities May Include:
Producing a daily analysis and explanation for business unit positions, exposure, and P&L in a timely and accurate manner.
Preparing a daily reconciliation of physical and financial positions to systems of record and front office control spreadsheets to support reporting accuracy and controls.
Providing business explanations for the monthly financial results.
Supporting and maintaining the Company's internal control environment to ensure compliance with all risk policies and trading controls.
Providing daily exposure information used to calculate and backtest VaR.
Performing regression testing of system upgrades and enhancements.
Supporting modeling analysis for possible trading scenarios and structured products.
Providing ad hoc analysis and decision support information for commercial business units.
Serving as a backup in other regions or products to allow for continuous coverage on all desks at all times.
Ensuring prices are valid for valuing and marking all open positions to market.
Required Qualifications:
Legally authorized to work in the job posting country
Bachelor's degree in Finance, Accounting or Economics
Intermediate proficiency in Microsoft Excel
Preferred Qualifications:
Working knowledge of SAP
Market risk role or energy commodity trading experience
Ability to work with and be part of several different teams in an open trade floor environment
Ability to juggle tasks in a fast-paced work environment in order to drive consistent process improvement and meet deadlines
Keen attention to detail
Organizational skills
Ability to work with minimal supervision and handle multiple priorities
Passion to excel (setting high standards, delivering results)
Solid oral and written communication skills
The Commercial 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 10,000 owned and leased rail cars. Truck movements are provided through numerous third-party trucking companies, as well as through our 100 percent-owned subsidiary, Sentinel Transportation LLC.
Total Rewards
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. Benefits for certain eligible, full-time employees include:
Annual Variable Cash Incentive Program (VCIP) bonus
8% 401k 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
Learn more about Phillips 66 Total Rewards (http://hr.phillips66.com) .
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 06/18/2025 .
Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee or temporary resident under 8 U.S.C. 1160(a) or 1255(a)(1). Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.
Phillips 66 is an Equal Opportunity Employer
The Commodity Trading Market Risk Analyst position is responsible for supporting the monitoring and reporting of all physical and paper commodity trades using the commercial department's deal capture, position reporting, and risk management systems. The position serves as an expert resource to the position control and risk analysis functions, solving problems, working on special projects, training new analysts, and backing up analysts during transitions.
Responsibilities May Include:
Producing a daily analysis and explanation for business unit positions, exposure, and P&L in a timely and accurate manner.
Preparing a daily reconciliation of physical and financial positions to systems of record and front office control spreadsheets to support reporting accuracy and controls.
Providing business explanations for the monthly financial results.
Supporting and maintaining the Company's internal control environment to ensure compliance with all risk policies and trading controls.
Providing daily exposure information used to calculate and backtest VaR.
Performing regression testing of system upgrades and enhancements.
Supporting modeling analysis for possible trading scenarios and structured products.
Providing ad hoc analysis and decision support information for commercial business units.
Serving as a backup in other regions or products to allow for continuous coverage on all desks at all times.
Ensuring prices are valid for valuing and marking all open positions to market.
Required Qualifications:
Legally authorized to work in the job posting country
Bachelor's degree in Finance, Accounting or Economics
Intermediate proficiency in Microsoft Excel
Preferred Qualifications:
Working knowledge of SAP
Market risk role or energy commodity trading experience
Ability to work with and be part of several different teams in an open trade floor environment
Ability to juggle tasks in a fast-paced work environment in order to drive consistent process improvement and meet deadlines
Keen attention to detail
Organizational skills
Ability to work with minimal supervision and handle multiple priorities
Passion to excel (setting high standards, delivering results)
Solid oral and written communication skills
The Commercial 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 10,000 owned and leased rail cars. Truck movements are provided through numerous third-party trucking companies, as well as through our 100 percent-owned subsidiary, Sentinel Transportation LLC.
Total Rewards
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. Benefits for certain eligible, full-time employees include:
Annual Variable Cash Incentive Program (VCIP) bonus
8% 401k 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
Learn more about Phillips 66 Total Rewards (http://hr.phillips66.com) .
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 06/18/2025 .
Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee or temporary resident under 8 U.S.C. 1160(a) or 1255(a)(1). Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.
Phillips 66 is an Equal Opportunity Employer
Interested in this job?
Apply nowSimilar Jobs
View all jobsDelivery Excellence - Specialized Risk Manager - Operate (Senior Manager) - National_Office
Deloitte
Bilingual (Spanish) Financial Solutions Representative I (Call Center)
Chartway Federal Credit Union