Commodity Risk Analyst Jobs in Texas (NOW HIRING)

Phillips 66 & YOU - Together we can fuel the future

As the Advisor III, Product Control - Risk Analyst, you'll join a team that values clarity, integrity, and inclusive teamwork-helping the business make confident decisions in an ever changing market. This role is best suited for someone who brings strong analytical judgment, commercial curiosity, and the ability to work independently in a fast-paced environment. You'll apply advanced problem-solving skills to interpret complex position, exposure, and P&L information, provide clear business insights to stakeholders, strengthen controls, and help drive continuous improvement across processes, reporting, and systems.

What You'll Do

• Independently monitor and analyze market developments, track risk parameters, and support market risk management activities across various financial products.
• Produce timely and accurate daily analyses of business unit positions, exposures, and P&L; identify, investigate, and explain key drivers of P&L change; reconcile physical and financial positions to ensure reporting accuracy and compliance with internal and external policies.
• Serve as a trusted individual contributor and thought partner to Risk, Scheduling, Trading, FP&A, and other key stakeholders by providing clear analysis, sound judgment, and actionable insights.
• Collect, interpret, and synthesize complex data to identify potential risks, explain financial results, and prepare insightful reporting for business partners and leadership.
• Apply a deeper understanding of business activity, market drivers, and control processes to evaluate issues, recommend solutions, and escalate concerns appropriately.
• Support scenario modeling, maintain and strengthen internal controls, and provide recommendations that ensure activities align with risk policies, accounting guidance, and regulatory requirements.
• Partner with commercial business units to deliver ad hoc analysis, decision support, and process improvements that enhance reporting quality, operational efficiency, and risk transparency.
• Investigate and resolve complex issues and queries from internal teams, support system enhancements and upgrades, and provide coverage and guidance across the team as needed.
• Demonstrate strong attention to detail, organization, and prioritization skills to manage competing deadlines and deliver high-quality work with limited oversight.
• Build and maintain effective working relationships across functions while contributing to a culture of integrity, accountability, safety, inclusion, and high performance.

What You'll Bring - Required

• Legally authorized to work in the United States
• Bachelor's degree in Finance, Accounting, Economics, or a related field
• 3 or more years of experience in market risk, product control, middle office, finance, or accounting
• Intermediate or greater proficiency in Microsoft Office, with a strong emphasis on Microsoft Excel

What Makes You Stand Out - Preferred

• 5 or more years of experience in a market risk or energy commodity trading environment, with an understanding of trade lifecycle and settlement processes
• Experience in ETRM systems (Right Angle, Openlink, and/or SAP)
• Ability to thrive in a fast-paced, open trade floor environment and manage multiple priorities

Compensation Range

This position has a base salary range of $125,100 - $152,900.

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 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 July 5, 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.