Commercial Trading Compliance Analyst, Gas and Power

Phillips 66 • Houston, TX

105d

About The Position

The Commercial Trading Compliance department is a key part of the Phillips 66 Global Ethics & Compliance ('GEC') group, and primarily supports the Phillips 66 Global Commercial trading activities. Based in Houston, Texas, the Commercial Trading Compliance ('CTC') Analyst (Gas and Power) position, will primarily be responsible for supporting Commercial's Gas & Power physical and financial commodity derivative trading activities, including providing timely and accurate compliance and regulatory advice; ensuring compliance with internal policies and external regulatory requirements; and conducting trade surveillance and monitoring activities. The CTC Compliance Analyst role will interact with many stakeholders across Phillips 66, including CTC's global team, North America Commercial Gas & Power Trading personnel, Legal, Risk Management, Internal Audit, and Controllers. It will also require engagement with external stakeholders such as the exchanges, clearing brokers, and where appropriate US domestic gas and power regulators.

Requirements

• Legally authorized to work in the job posting country.
• Bachelor's degree.
• 1 or more years of experience supporting a Commercial Trading function, with exposure to front and mid-office trading activities.
• Knowledge of gas products, ISO/RTO power products (including FTRs and Virtual trades).
• Commercial competence of traded products, markets, and strategies, both physical and financial.
• Demonstrate knowledge of CFTC, FERC, and ISO rules for power, gas, and renewables markets.

Nice To Haves

• Experienced in using the Nasdaq Trade Surveillance ('NTS') tool or similar monitoring system.
• Familiarity with Energy Trading and Risk Management ('ETRM') systems such Allegro, Right Angle, Aligne and SAP4.
• Strong knowledge of the U.S. commodities regulatory environment and applicable laws including Dodd-Frank, the Commodity Exchange Act and knowledge of Designated Contract Market rules.
• Working knowledge of PowerBI for creating tailored reports and dashboards.
• Proficient knowledge of regulations, exchange rules, relevant laws, and typical internal policies related to North American physical and financial gas and power trading.
• Engaged self-starter who can work independently demonstrating personal drive and taking own initiative yet can collaborate and work effectively in a global team.

Responsibilities

• Support P66 Commercial traders in trading North American Physical Gas and Power markets, including understanding relevant market rules, applicable regulations, and compliance requirements for new market authorizations.
• Track relevant rules and regulations related to gas & power commodity derivative trading activity on exchange and over the counter.
• Conduct risk-based trade surveillance of gas and power commodity derivative trading conducted on US exchanges, using standard indicator reports in the Nasdaq Trade Surveillance ('NTS') tool to identify potential exceptions such as wash trades, spoofing, market manipulation etc.
• Evaluate daily futures and option positions to ensure compliance with regulated exchange position limits (i.e., Intercontinental Exchange and NYMEX/CME Group).
• Assist Global CTC Team in increasing P66's trading personnel's awareness of relevant rules and regulations, by creating and implementing tailored and engaging online and face-to-face learning modules.
• Ensure P66 trader compliance of internal controls and policies, including authority limits, late trades, etc.
• Support the GEC Ethics Department and Chief Compliance Officer in conducting internal investigations of P66 trader behavior as required, summarizing key issues as appropriate.
• Maintain compliance and regulatory knowledge of CFTC, FERC, and ISO rules for power, renewables, and gas markets.
• Monitor changes to regulatory requirements and exchange rules and communicate impact to relevant internal stakeholders, including Trade Managers, Traders, and back-office functions.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Petroleum and Coal Products Manufacturing
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees