Market Risk Analyst I

Phillips 66 • Houston, TX

3d • $96,300 - $117,700

About The Position

As a Market Risk Analyst I (Advisor I, Product Control), you will execute daily and monthly product control activities with increasing independence, strengthening the quality, accuracy, and transparency of profit-and-loss and risk reporting. You will handle routine deliverables independently, investigate variances using sound judgment, and collaborate with Front Office, Risk, and Operations. You will apply growing knowledge of commodity valuation, trade lifecycle activity, and control processes to resolve issues, recommend improvements, and escalate complex exceptions appropriately.

The role includes preparing exposure and P&L reporting; performing product control analyses; supporting month-end close and mark-to-market to GAAP processes; and contributing to process improvements. The base salary range is $96,300–$117,700. Benefits for certain eligible full-time employees include an annual variable cash incentive program, an 8% 401(k) company match, a cash balance pension account, medical, dental, and vision benefits, an annual company contribution to a Health Savings Account for employees on an HDHP, and well-being programs and incentives.

Requirements

• Legally authorized to work in the United States; candidates must meet the stated U.S. position eligibility requirements and must not require work authorization sponsorship now or in the future.
• Bachelor’s degree in Finance, Accounting, Economics, Engineering, Math, or a related field.
• At least 2 years of experience in product control, middle office, finance, accounting, or a related field.
• Intermediate proficiency and understanding of commodity valuation concepts such as basis, location spreads, and storage.

Nice To Haves

• Strong attention to detail and communication skills, and comfort challenging data variances and anomalies while operating independently on routine tasks.
• Experience with ETRM platforms such as Openlink, Endur, Allegro, or SAP.
• Strong Excel skills and working knowledge of ETRM systems and trade lifecycle activity.
• Basic to intermediate SQL, VBA, or Python skills for modeling and reporting.
• Experience with Power BI or similar visualization tools.
• Professional certifications such as FRM or CFA.

Responsibilities

• Prepare timely and accurate exposure and profit-and-loss reporting with increased independence and accountability.
• Perform daily and monthly product control activities, including P&L explained, value at risk, and drawdown analysis, and investigate material variances.
• Partner with Front Office, Operations, and Risk to track, investigate, and resolve issues affecting trade capture, valuation, or reporting accuracy.
• Support month-end close and mark-to-market to GAAP processes and help ensure accurate reporting outcomes.
• Continue professional development while building broader commercial and systems knowledge.
• Contribute to small process improvements that increase efficiency, control effectiveness, or reporting clarity.

Benefits

• Annual Variable Cash Incentive Program (VCIP) bonus.
• 8% 401(k) company match.
• Cash Balance Account pension.
• Medical, dental, and vision benefits.
• Annual company contribution to a Health Savings Account for employees on an 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