Sr. Market Risk and Quantitative Analyst

$160.2k - $195.8k

Full-time

Phillips 66

Phillips 66 & YOU - Together we can fuel the future
As 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 Do

Produce 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 - Required

Legally authorized to work in the job posting country

Bachelor's degree in STEM, financial engineering, or another highly quantitative field

5 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 experience

Expert-level Python programming skills and strong experience managing large data sets using SQL and other tools

What Makes You Stand Out - Preferred

Strong 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 data

Ability to thrive in a fast-paced, open trading-floor environment while managing multiple priorities

Experience with physical energy trading protocols and financial instruments as applied in commodity trading

Experience in model validation

Experience with ETRM systems, especially RightAngle or Allegro

Experience applying machine learning or advanced statistical modeling techniques to market risk or quantitative finance problems

Experience architecting quantitative risk platforms, including data pipelines, calculation engines, and reporting layers

Advanced degree in a highly quantitative field

Compensation Range

This 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.
The Commercial organization works to effectively leverage assets and market knowledge to create additional value within the risk parameters of the Company. We do this by maximizing general interest profitability, enhancing return on capital employed by successfully partnering with the Refining, Transportation and Marketing functions to ensure Value Chain Integration. Our truck and rail fleets support our feedstock and distribution operations. Rail movements are provided via a fleet of more than 10,000 owned and leased rail cars. Truck movements are provided through numerous third-party trucking companies, as well as through our 100 percent-owned subsidiary, Sentinel Transportation LLC.
Total Rewards
At Phillips 66, providing access to high quality programs and care for you and your family is important to us. Maintaining a culture of well-being - physical, emotional, social, and financial - is essential for a high-performing organization. When we are at our best, we are poised to deliver exceptional results - personally and professionally. Benefits 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 services

Learn more about Phillips 66 Total Rewards .
Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, cultivate an environment of trust, seek different perspectives and pursue excellence.
Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow, by visiting phillips66.com.
To 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 September 13, 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
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About Us

At Phillips 66, our Business Professionals deliver the highest levels of service excellence to meet critical business needs in alignment with corporate goals and strategies. Our Business Professional Career Areas covers Commercial, Marketing & Specialties and our Corporate Staffs organizations including Finance/Accounting, Information Technology, Communications, Procurement, Real Estate and Facilities, Human Resources, Legal and Administration.

Through a combination of on-the-job assignments, technical training and mentoring, employees have opportunities to advance from entry level to become strong individual contributors, technical experts, or people leaders.
Nearest Major Market: Houston

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Vacancy posted 6 days ago

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