Global Market Risk & Quants Lead
Phillips 66
Houston, TX 77042
Description
Phillips 66 & YOU - Together we can fuel the future
We are seeking an experienced market risk manager to monitor and manage key market risk controls across our global commercial portfolio, using globally consistent tools and processes. The role will also provide advanced analytical and quantitative support to Product Control and Commercial Trading. The ideal candidate will have deep expertise in commodity trading, market risk management and quantitative analysis, as well as experience in managing a dynamic team in a large and diverse commodity trading organization.
Responsibilities May Include:
Oversees VaR methodology, risk limits, and risk capital allocation.
Supervises design and selection of stress tests scenario analyses and risk assessments in line with Commercial strategies and exposures.
Manages production of customized and bespoke risk reports for Front Office.
Develops strong relationships with Front Office, Operations (including scheduling), and FP&A to embed risk practices into daily activities and decision-making processes.
Supports economics and provides insights into Trading strategies and new business activities.
Provides advanced analytical support to Commercial, including complex derivatives & option valuation.
Required Qualifications:
Legally authorized to work in job posting country
Bachelor’s Degree or equivalent with 12+ years of experience in market risk management within commodities or financial services
In-depth expertise in VaR, stress testing, and scenario analysis, with a track record of developing and enhancing risk frameworks
Proven ability to work closely with trading desks to integrate risk assessments into deal evaluations and strategy development
Technical skills in risk metrics and exposure management, with proficiency in relevant risk systems (e.g., ETRM)
Preferred Qualifications:
Strong understanding of capital allocation methodologies and regulatory requirements for market risk management
Analytical mindset, able to translate complex data into actionable insights for senior leadership, ensuring accurate risk metrics and effective capital allocation strategies
Strong trading-facing communicator, aligning risk insights with commercial strategies and decision-making.
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 06/08/2025 .
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
We are seeking an experienced market risk manager to monitor and manage key market risk controls across our global commercial portfolio, using globally consistent tools and processes. The role will also provide advanced analytical and quantitative support to Product Control and Commercial Trading. The ideal candidate will have deep expertise in commodity trading, market risk management and quantitative analysis, as well as experience in managing a dynamic team in a large and diverse commodity trading organization.
Responsibilities May Include:
Oversees VaR methodology, risk limits, and risk capital allocation.
Supervises design and selection of stress tests scenario analyses and risk assessments in line with Commercial strategies and exposures.
Manages production of customized and bespoke risk reports for Front Office.
Develops strong relationships with Front Office, Operations (including scheduling), and FP&A to embed risk practices into daily activities and decision-making processes.
Supports economics and provides insights into Trading strategies and new business activities.
Provides advanced analytical support to Commercial, including complex derivatives & option valuation.
Required Qualifications:
Legally authorized to work in job posting country
Bachelor’s Degree or equivalent with 12+ years of experience in market risk management within commodities or financial services
In-depth expertise in VaR, stress testing, and scenario analysis, with a track record of developing and enhancing risk frameworks
Proven ability to work closely with trading desks to integrate risk assessments into deal evaluations and strategy development
Technical skills in risk metrics and exposure management, with proficiency in relevant risk systems (e.g., ETRM)
Preferred Qualifications:
Strong understanding of capital allocation methodologies and regulatory requirements for market risk management
Analytical mindset, able to translate complex data into actionable insights for senior leadership, ensuring accurate risk metrics and effective capital allocation strategies
Strong trading-facing communicator, aligning risk insights with commercial strategies and decision-making.
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 06/08/2025 .
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
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