Sr. Market Risk and Quantitative Analyst

Phillips 66; Houston (TX); On-site; USD 160,000 - 196,000; Full time

Benefits offered by this job

VCIP bonus

401k company match

Pension plan

Health, Dental, Vision benefits with H

Well-being programs

Job summary

Phillips 66 is seeking a Sr Market Risk & Quantitative Analyst to join a team that identifies, measures, and reports market risks for commodity trading activities. You will help build risk systems (VaR, stress tests, volume monitoring) and deliver risk insights to trading desks.

Requirements include a STEM/quantitative degree and 5+ years of market risk or Python engineering experience; advanced Python, SQL, and data handling skills are essential.

Qualifications

• 5+ years of market risk/quantitative analysis on trading floor or 5+ years of Python engineering experience.
• Expert Python programming with large data-set management using SQL and other tools.
• Bachelor's degree in STEM/quantitative field; advanced degree preferred.

Responsibilities

• Produce global daily risk reports (VaR, stress tests) and explain drivers of change.
• Build and maintain systems to calculate and publish market risk reporting.
• Provide commodity-level risk coverage and clear risk assessments for desks.
• Collaborate with Product Control and support functions for holistic reporting.
• Support scenario analysis, maintain controls, and advise on policy/regulatory alignment.

Skills

Python

SQL

Data analysis

Communication

Model validation

Machine learning

Education

Bachelor's degree in STEM/quantitative field

Advanced degree in quantitative field

Tools

RightAngle

Allegro

ETRM

Job description

Total Rewards

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 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

Benefits

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.

Phillips 66 is an Equal Opportunity Employer