Market Risk Analyst III
About The Position
As a Market Risk Analyst III (Advisor, Product Control), you will provide specialist market risk analysis to help Phillips 66 manage commodity exposures and trading activities. You will work collaboratively with trading and finance partners in a dynamic trading environment, monitoring positions, enforcing risk limits, and supporting data-driven decisions. The role produces daily risk exposure reports, evaluates market risk metrics, monitors trading limits, and supports risk governance and operational controls. It also involves analyzing and validating data, explaining P&L and risk results, preparing stakeholder reports and presentations, and maintaining procedures and documentation. The analyst is expected to continue developing market risk capabilities and contribute ideas to improve processes, data quality, and reporting.
Requirements
- Legally authorized to work in the job posting country.
- Bachelor’s degree in Finance, Accounting, Economics, Engineering, or a related field.
- At least 3 years of experience in market risk, product control, middle office, finance, or accounting.
- Experience leading cross-functional stakeholders to resolve complex issues, with a high level of attention to detail.
- Intermediate or greater proficiency in Microsoft Excel.
- Willingness and ability, with or without reasonable accommodation, to travel up to 5% of the time, perform occasional on-call duties, and work extended hours that may include evenings, weekends, and holidays.
Nice To Haves
- Experience in market risk or an energy commodity trading environment, preferably physical or financial power and natural gas.
- Experience with ETRM systems such as Allegro, Right Angle, Openlink, or TriplePoint CXL.
- Experience using SQL, VBA, or Python for data analysis, modeling, and reporting.
- Strong analytical and numerical skills, including interpreting complex data, conducting stress or scenario analyses, and identifying trends in portfolio risk and P&L; use of LLMs is a plus.
- Experience building reports and visualizations in Power BI or Tableau.
- Demonstrated ability to enhance processes, controls, or reporting within a risk, trading, or finance function, with a focus on continuous improvement and accuracy.
- Experience leading and improving MtM to GAAP reconciliation processes.
- Effective communication and collaboration skills, including explaining risk concepts and insights to technical and non-technical stakeholders.
Responsibilities
- Produce timely and accurate daily risk exposure reports for trading portfolios, including market positions, volumetric exposures, and key drivers of change; ensure positions and valuations are complete and reliable.
- Calculate and interpret value at risk (VaR), back-tests, and stress and scenario analyses to assess portfolio performance against risk appetite and identify emerging risks.
- Monitor risk parameters and trading limits; investigate and escalate deviations or policy breaches.
- Develop, test, and maintain market risk procedures, methodologies, and documentation supporting internal policies, trading controls, and relevant regulations.
- Collect, cleanse, and analyze data from multiple systems to validate prices and forward curves and reconcile exposures.
- Explain P&L and risk results to trading, product control, and finance partners.
- Prepare reports and presentations summarizing risk exposures, P&L drivers, and key insights for stakeholders.
- Follow established controls, support operational compliance, identify potential issues, and escalate instances of non-compliance.
- Build market risk capabilities through ongoing learning and contribute ideas to improve processes, data quality, and reporting.
- Travel up to 5% of the time, perform occasional on-call duties, and work extended hours that may include evenings, weekends, and holidays.
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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
