Sr. Commodity Trading Risk Analyst

Phillips 66 • Houston, TX

56d

About The Position

The Senior Commodity Trading Risk Analyst position is responsible for supporting the monitoring and reporting of all physical and paper commodity trades using the commercial department's deal capture, position reporting, and risk management systems. The position serves as an expert resource to the position control and risk analysis functions, solving problems, working on special projects, training new analysts, and backing up analysts during transitions.

Requirements

• Legally authorized to work in the job posting country
• Bachelor's degree in Finance, Accounting, Economics or a related field
• 3+ years experience in market risk within a commodity trading environment or risk reporting role
• Intermediate proficiency in Microsoft Excel

Nice To Haves

• Working knowledge of SAP
• Market risk role or energy commodity trading experience
• Ability to work with and be part of several different teams in an open trade floor environment
• Ability to juggle tasks in a fast-paced work environment in order to drive consistent process improvement and meet deadlines
• Keen attention to detail
• Organizational skills
• Ability to work with minimal supervision and handle multiple priorities
• Passion to excel (setting high standards, delivering results)
• Solid oral and written communication skills

Responsibilities

• Producing a daily analysis and explanation for business unit positions, exposure, and P&L in a timely and accurate manner.
• Preparing a daily reconciliation of physical and financial positions to systems of record and front office control spreadsheets to support reporting accuracy and controls.
• Providing business explanations for the monthly financial results.
• Supporting and maintaining the Company's internal control environment to ensure compliance with all risk policies and trading controls.
• Providing daily exposure information used to calculate and backtest VaR.
• Performing regression testing of system upgrades and enhancements.
• Supporting modeling analysis for possible trading scenarios and structured products.
• Providing ad hoc analysis and decision support information for commercial business units.
• Serving as a backup in other regions or products to allow for continuous coverage on all desks at all times.
• Ensuring prices are valid for valuing and marking all open positions to market.

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