Sr. Analyst, Commercial Trading Compliance, Crude & Products

Phillips 66; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

Join a forward-thinking company that has been a leader in energy for over 140 years. As a Senior Analyst in Commercial Trading Compliance, you will play a crucial role in ensuring adherence to regulatory standards in the dynamic energy market. This position offers the chance to work with diverse teams, providing compliance support for crude, refined products, and renewables trading activities. You will engage with both internal and external stakeholders, making a significant impact on the company's compliance culture. If you are passionate about compliance and eager to contribute to a company that values safety and integrity, this opportunity is perfect for you.

Qualifications

• 5+ years in Commercial Trading with compliance focus.
• Knowledge of UK FCA rules and regulations.
• Experience in creating compliance training modules.

Responsibilities

• Monitor compliance with trading regulations and policies.
• Provide regulatory advice to internal stakeholders.
• Support compliance investigations and training initiatives.

Skills

Commercial Trading Compliance

Regulatory Knowledge

Problem Solving

Collaboration

Judgement

Education

Bachelor's Degree

Tools

Energy Trading and Risk Management Systems

Microsoft PowerBI

Job description

Phillips 66 & YOU - Together we can fuel the future

Phillips 66 has been operating in the UK for over 65 years and we are as excited about our future as we are proud of our past. We are committed to improving lives, and that is our promise to our employees and 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.

Our company is built on values of safety, honour 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, create an environment of trust, seek different perspectives and achieve excellence.

Our employees are the heart of our success, and there is a reason why we continue to attract great talent and it’s not just the excellent benefits package, or the opportunities for personal growth, it’s also the caring and committed culture of the organisation that makes everyone feel like they can bring their authentic self to work and be truly part of our team.

Providing Energy. Improving Lives.

Role Overview:

The Phillips 66 (‘P66’) Commercial and Midstream businesses manage the company’s worldwide commodity, supply, marketing, and trading needs. Working closely with Refining and Marketing, Commercial and Midstream support the corporate vision of providing energy and improving lives by capturing trading opportunities of the rapidly changing energy landscape in commodities such as natural gas, power, natural gas liquids (‘NGL’s), crude oil, gasoline, diesel, and jet fuel.

The Commercial Trading Compliance Department is a key part of the Phillips 66 Global Ethics & Compliance (‘GEC’) group, and primarily supports the Phillips 66 Global Commercial trading activities. Based in London, England, the Commercial Trading Compliance (‘CTC’), Senior Analyst (Crude, Refined Products and Renewables) position, will primarily be responsible for supporting Commercial’s Crude, Refined and Renewables physical and commodity derivative trading activities, including providing timely and accurate compliance and regulatory advice; ensuring compliance with internal policies and external regulatory requirements.

The CTC Senior Analyst (Crude, Refined Products and Renewables) role will interact with many stakeholders across Phillips 66, including CTC’s global team; Europe Commercial Crude, Refined Products and Renewables Trading personnel; Legal; Risk Management; Internal Audit; and Controllers. It will also require engagement with external stakeholders such as the exchanges such as ICE Futures Europe; clearing brokers; and where appropriate European Crude, Refined Products and Renewables regulators.

Responsibilities May Include:

• Crude, Refined Products and Renewables Commodity Derivative Trading – Tracking relevant rules and regulations related to Crude, Refined Products and Renewables commodity derivative trading activity on exchange and over-the-counter. Ensure P66 traders are aware of their compliance obligations and responsibilities to the exchanges and applicable regulators.
• Compliance Advisory – Monitor changes to regulatory requirements and exchange rules and communicate impact to relevant internal stakeholders, including Trade Managers, Traders and back-office functions. Provide timely, accurate advice and guidance on compliance and regulatory issues.
• Strategic and Proactive Business Partner – Maintain awareness of Commercial’s Crude, Refined Products and Renewables trading strategies and new initiatives, so CTC can provide timely and appropriate compliance and regulatory support. Ensure regular engagement with key stakeholders, so that CTC is also seen as a valued and integral business partner.
• Compliance Policies – Communicate new or revised compliance documentation and policies to internal stakeholders.
• External Regulatory Awareness – Maintain compliance and regulatory knowledge of all applicable physical and financial commodity regulations.
• Regulatory Monitoring – Monitor compliance activities at regulatory agencies and inform managers, directors, and business units of new and changing regulatory environment.
• Compliance Awareness and Learning – Assist Global CTC Team in increasing P66’s trading personnel’s awareness of relevant rules and regulations, by creating and implementing tailored and engaging online and face-to-face learning modules.
• Compliance Investigations – Support the GEC Ethics Department and Chief Compliance Officer in conducting internal investigations of P66 trader behavior as required, summarizing key issues as appropriate.

Required Experience/Knowledge/Competencies:

• Ability to work - Legally authorized to work in the job posting country.
• Education – Minimum education qualification required is a Bachelor's degree.
• Commercial Trading Exposure – Five years or more experience supporting a Commercial Trading function, primarily from a compliance and regulatory perspective, with exposure to front / mid / back office trading activities.
• Product and Market Knowledge – Knowledge of physical and financial Crude, Refined Products and Renewables traded products, markets, and strategies. Demonstrate knowledge of relevant UK FCA rules, regulations and reporting obligations.
• Collaborative - Engaged self-starter who can work independently demonstrating personal drive and taking own initiative yet can collaborate and work effectively in a global team.
• Judgement – Sees big picture; acts based on problems; ability to effectively prioritize.
• Energy – Is engaged and self-motivated.
• Problem Solving - Is able to face new challenges and seek solutions; not merely task focused; can ask the right questions.
• Trust – Follows through on commitments and is candid.
• Relationships – Collaborative and collegial. Ability to interact with multiple internal and external stakeholders
• Resilience - Solution focused; strong ability to bounce back from setbacks; willing to push through. Ability to face new challenges, seek solutions and ask the right questions.
• Focus – Ability to prioritize, both daily workload and short-term goals.
• Accountability - Takes ownership for making things go right; takes ownership when things go wrong.
• Learning Orientation – Utilizes experiences to learn and to grow.
• Diversity Orientation - Open to different points of view; seeks to understand others; seeks out and encourages multiple perspectives.

Preferred Experience/Knowledge/Competencies:

• Global Commodity Regulations – Strong knowledge of the European, Asian and North American commodities regulatory environment and applicable laws including the UK Financial Services and Markets Act; Markets in Financial Instruments Directive; Dodd-Frank and the US Commodity Exchange Act.
• Commodity Trading Systems - Familiarity with Energy Trading and Risk Management (‘ETRM’) systems such Allegro, Right Angle, Aligne and SAP4.
• Microsoft PowerBI - Working knowledge of PowerBI for creating tailored reports and dashboards.

We are on an exciting journey, are you ready to join us?

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 Timesfor 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, create an environment of trust, seek different perspectives and achieve 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 dateof 9th May 2025.

Phillips 66 is an Equal Opportunity Employer