Risk Analyst

Phillips 66 • Houston, TX

2d • $93,600 - $114,400 • Onsite

About The Position

As the Risk Analyst (Advisor I, Product Control), you’ll join a team that values clarity, integrity, and inclusive teamwork—helping the business make confident decisions in an ever‑changing market. This role is a great fit if you’re detail‑oriented, comfortable with numbers, and eager to translate insights into clear, compelling narratives. You’ll gain exposure to modern risk tools, partner with commercial stakeholders, and grow through structured learning and hands‑on mentorship—all while contributing to a culture that strives for excellence and supports your development.

Requirements

• Legally authorized to work in the job posting country
• Bachelor’s degree in Finance, Accounting, Economics, or a related field
• 1 or more years of relevant experience in market risk analysis, financial products, or a similar environment
• Intermediate or greater proficiency in Microsoft Office, with a strong emphasis on Microsoft Excel

Nice To Haves

• Experience in a market risk or energy commodity trading environment, understanding of trade lifecycle and settlement processes
• Experience in ETRM systems (Right Angle, Openlink, and/or SAP)
• Ability to thrive in a fast-paced, open trade floor environment and manage multiple priorities

Responsibilities

• Monitor and analyze market developments, track risk parameters, and support market risk management for various financial products.
• Produce timely and accurate daily analyses of business unit positions, exposures, and P&L; monitor and explain drivers of P&L change, reconcile physical and financial positions to ensure reporting accuracy and compliance to internal and external policies.
• Collaborate closely with Risk, Scheduling, Trading and FP&A teams to ensure data accuracy.
• Collect and interpret data to identify potential risks, provide business explanations for financial results, and contribute to the preparation of insightful reports.
• Support scenario modeling, maintain internal controls, and offer recommendations to managers, ensuring activities align with risk policies and regulatory requirements.
• Partner with commercial business units to deliver ad hoc analysis, decision support, and drive continuous process improvements.
• Resolve queries from internal teams, support system upgrades, and back up colleagues to ensure seamless coverage.
• Apply keen attention to detail and organizational skills to effectively manage competing priorities in a fast-paced environment and drive results.
• Develop your own capabilities through ongoing learning and contribute to a culture of integrity, accountability, and excellence, supporting the company’s commitment to safety, inclusion, and high performance.

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: Mid Level