Sr. Market Risk and Quantitative Analyst

Sr. Market Risk and Quantitative AnalystLocation: Houston, TX, US, 77042Job Field: CommercialAs a Sr Market Risk & Quantitative Analyst (Sr Advisor II, Market Risk & Quants), you will join a team that supports commodity trading activities by identifying, measuring, and reporting market and other risks, while helping ensure trading activity operates within approved limits and risk appetite. You will also help build and enhance the market risk systems and tools, such as VaR, stress testing, and volume monitoring, used to monitor and analyze risk exposures.What You'll DoProduce timely and accurate global daily risk reports, including VaR and stress testing, and explain key drivers of change.Build and maintain systems used to calculate and report market risk, from position and price data through to published reporting.Provide commodity-level coverage for one or more trading desks, delivering clear risk assessments including key portfolio activity, risk drivers, and market developments.Collaborate closely with Product Control and other support functions to support holistic risk reporting.Support scenario analysis and modeling, maintain internal controls, and provide recommendations to management to ensure activities align with risk policies and regulatory requirements.What You'll Bring – RequiredLegally authorized to work in the job posting countryBachelor's degree in STEM, financial engineering, or another highly quantitative field5 or more years of relevant experience in on-trading floor (or similar environment) market risk and quantitative analysis OR 5 or more years of Python engineer-level coding experienceExpert-level Python programming skills and strong experience managing large data sets using SQL and other toolsWhat Makes You Stand Out – PreferredStrong communication skills, with the ability to translate complex quantitative findings into clear, actionable insights for trading and management audiences, and to produce concise presentations of quantitative dataAbility to thrive in a fast-paced, open trading-floor environment while managing multiple prioritiesExperience with physical energy trading protocols and financial instruments as applied in commodity tradingExperience in model validationExperience with ETRM systems, especially RightAngle or AllegroExperience applying machine learning or advanced statistical modeling techniques to market risk or quantitative finance problemsExperience architecting quantitative risk platforms, including data pipelines, calculation engines, and reporting layersAdvanced degree in a highly quantitative fieldCompensation RangeThis position has a base salary range of $160,200 – $195,800. At Phillips 66, we are committed to pay transparency and competitive, equitable compensation. Each role is assigned a salary grade with a defined pay range, benchmarked against industry peers. Where a candidate offer falls within the posted range depends on the candidate's experience, skills, and alignment with the role's requirements. Offers are made to ensure internal equity and market competitiveness. Our compensation programs are designed to reward performance and support career growth.Total RewardsBenefits for certain eligible, full-time employees include: 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 servicesTo be considered: In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of July 30, 2026 . Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee or temporary resident under 8 U.S.C. 1160(a) or 1255(a)(1). Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire. Phillips 66 is an Equal Opportunity Employer