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Commodity Risk Manager Jobs in Houston, TX (NOW HIRING)

Phillips 66

Market Risk Analyst

Houston, TX · On-site

$125K - $152K/yr

Phillips 66 & YOU - Together we can fuel the future As a Product Control Advisor III , you will provide specialist market risk analysis to help Phillips 66 manage its commodity exposures and trading ...

Phillips 66

Market Risk Analyst

Houston, TX

$125K - $152K/yr

Phillips 66 & YOU - Together we can fuel the future As a Product Control Advisor III , you will provide specialist market risk analysis to help Phillips 66 manage its commodity exposures and trading ...

Pilot Company

Sr Analyst, Trading Risk

Houston, TX · On-site

Ensure accurate and timely capture, validation, and processing of commodity trades (e.g., crude oil ... Risk Management: Monitor and report on key risk metrics, including market risk, credit risk, and ...

Pilot Company

Sr Analyst, Trading Risk

Houston, TX

Ensure accurate and timely capture, validation, and processing of commodity trades (e.g., crude oil ... Risk Management: Monitor and report on key risk metrics, including market risk, credit risk, and ...

Pilot Company

Sr Analyst, Trading Risk

Houston, TX · On-site

Ensure accurate and timely capture, validation, and processing of commodity trades (e.g., crude oil ... Risk Management: Monitor and report on key risk metrics, including market risk, credit risk, and ...

Pilot Flying J

Sr Analyst, Trading Risk

Houston, TX · On-site

Ensure accurate and timely capture, validation, and processing of commodity trades (e.g., crude oil ... Risk Management: Monitor and report on key risk metrics, including market risk, credit risk, and ...

Pilot Company

Sr Analyst, Trading Risk

Houston, TX

Ensure accurate and timely capture, validation, and processing of commodity trades (e.g., crude oil ... Risk Management: Monitor and report on key risk metrics, including market risk, credit risk, and ...

Chariot Energy

Director Market Risk

Houston, TX

... and management for decision-making purposes * Review, validate, and explain daily risk movements, key drivers, and sensitivities * Monitor commodity positions versus limits in accordance with ...

Chariot Energy

Director Market Risk

Houston, TX · On-site

... and management for decision-making purposes * Review, validate, and explain daily risk movements, key drivers, and sensitivities * Monitor commodity positions versus limits in accordance with ...

Phillips 66

Risk Analyst

Houston, TX · On-site

$93K - $114K/yr

Monitor and analyze market developments, track risk parameters, and support market risk management ... Experience in a market risk or energy commodity trading environment, understanding of trade ...

Chariot Energy

Director Market Risk

Houston, TX

... and management for decision-making purposes * Review, validate, and explain daily risk movements, key drivers, and sensitivities * Monitor commodity positions versus limits in accordance with ...

ExxonMobil

RIN Trader

Spring, TX

... manage regulatory and market risk, and execute trades in alignment with ExxonMobil's governance ... Prior experience in an integrated energy company or large commodity trading organization Functional ...

ExxonMobil

RIN Trader

Spring, TX

... manage regulatory and market risk, and execute trades in alignment with ExxonMobil's governance ... Prior experience in an integrated energy company or large commodity trading organization Functional ...

Golden Pass LNG

Product Control Supervisor

Houston, TX · On-site

This role will be co-located on the trade floor with the Commercial and Risk Management teams. Essential Duties / Functions * Support Director of Commodity Finance in the execution of the Product ...

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All JobsCommodity Risk JobsCommodity Risk Manager JobsCommodity Risk Manager Jobs in Houston, TX

Commodity Risk Manager information

See Houston, TX salary details

$33K

$88.7K

$144.8K

How much do commodity risk manager jobs pay per year?

As of Jun 9, 2026, the average yearly pay for commodity risk manager in Houston, TX is $88,743.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,400.00 and $103,200.00 per year, depending on experience, location, and employer.

How does a Commodity Risk Manager typically collaborate with other departments within an organization?

A Commodity Risk Manager works closely with departments such as procurement, finance, supply chain, and trading to identify and mitigate risks associated with commodity price fluctuations. They often coordinate with procurement teams to develop hedging strategies and ensure contracts align with risk tolerance, as well as with finance to analyze market trends and forecast potential exposures. Regular communication and cross-functional meetings are common to align strategies and maintain a holistic view of the organization's commodity risk profile.

What does a Commodity Risk Manager do?

A Commodity Risk Manager is responsible for identifying, assessing, and managing risks associated with the trading, purchasing, or production of commodities such as oil, gas, metals, or agricultural products. They analyze market trends, develop risk mitigation strategies, and use financial instruments like hedging to protect the company from price volatility. Their role often involves collaborating with traders, analysts, and senior management to ensure that the organization’s commodity exposure aligns with its overall risk appetite and business objectives.

What are the key skills and qualifications needed to thrive as a Commodity Risk Manager, and why are they important?

To thrive as a Commodity Risk Manager, you need a solid understanding of financial markets, risk assessment, and commodity trading, typically backed by a degree in finance, economics, or a related field. Familiarity with risk management software, trading platforms, and certifications such as FRM (Financial Risk Manager) are highly valuable. Strong analytical thinking, attention to detail, and effective communication skills help you make informed decisions and clearly convey risk assessments. These competencies are crucial for managing exposure, optimizing trading strategies, and safeguarding organizational profitability in volatile commodity markets.

What is the difference between Commodity Risk Manager vs Commodity Trader?

AspectCommodity Risk ManagerCommodity Trader
CredentialsRisk management certifications, finance or economics degreesTrading licenses, finance or economics degrees
Work EnvironmentCorporate risk departments, energy, agriculture, or metals companiesTrading floors, financial institutions, commodity firms
Industry UsageFocus on risk mitigation and hedging strategiesFocus on buying and selling commodities for profit

While both roles involve commodities, the Commodity Risk Manager primarily focuses on managing and mitigating risks associated with commodity price fluctuations, whereas the Commodity Trader actively engages in buying and selling commodities to generate profit. The roles often overlap in industry and credentials but differ in their core objectives and daily activities.

What are popular job titles related to Commodity Risk Manager jobs in Houston, TX? For Commodity Risk Manager jobs in Houston, TX, the most frequently searched job titles are:
What job categories do people searching Commodity Risk Manager jobs in Houston, TX look for? The top searched job categories for Commodity Risk Manager jobs in Houston, TX are:
What cities near Houston, TX are hiring for Commodity Risk Manager jobs? Cities near Houston, TX with the most Commodity Risk Manager job openings:
Commodity Risk Manager jobs near you
Infographic showing various Commodity Risk Manager job openings in Houston, TX as of June 2026, with employment types broken down into 2% As Needed, 34% Full Time, 62% Part Time, and 2% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $88,743 per year, or $42.7 per hour.
Market Risk Analyst

Market Risk Analyst

Phillips 66

Houston, TX • On-site

$125K - $152K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 29 days ago

Phillips 66 rating

6.9

Company rating: 6.9 out of 10

Based on 82 frontline employees who took The Breakroom Quiz

40th of 74 rated oil and gas companies

Job description

Phillips 66 & YOU - Together we can fuel the future
As a Product Control Advisor III, you will provide specialist market risk analysis to help Phillips 66 manage its commodity exposures and trading activities. You'll join a collaborative team that monitors positions, enforces risk limits, and supports data-driven decisions in a dynamic trading environment. This is a great opportunity to deepen your understanding of energy markets, work with trading and finance partners, and grow your career in risk management.
What You'll Do
  • Produce timely, accurate daily risk exposure reports for trading portfolios, including market positions, volumetric exposures, and key drivers of change, ensuring positions and valuations are complete and reliable.
  • Calculate and interpret market risk metrics such as value at risk (VaR), back-tests, and stress and scenario analyses to assess portfolio performance against risk appetite and highlight emerging risks to senior colleagues.
  • Monitor risk parameters and trading limits within established frameworks; identify, investigate, and escalate deviations or policy breaches, supporting strong risk governance and control.
  • Develop, test, and maintain market risk procedures, methodologies, and documentation to support compliance with internal policies, trading controls, and relevant regulations.
  • Collect, cleanse, and analyze data from multiple systems to validate prices and forward curves, reconcile exposures, and provide clear explanations for P&L and risk results to trading, product control, and finance partners.
  • Prepare clear, well-structured reports and presentations that summarize risk exposures, P&L drivers, and key insights for a range of stakeholders.
  • Support and maintain a robust internal control and operational compliance environment by following established controls, identifying potential issues, and escalating instances of non-compliance as needed.
  • Build your own market risk capabilities through ongoing learning, leveraging new tools, analytics, and industry best practices, and contribute ideas to improve processes, data quality, and reporting.

What You'll Bring - Required
  • Legally authorized to work in the job posting country
  • Bachelor's degree in Finance, Accounting, Economics, or a related field
  • 2 or more years of experience in market risk, product control, middle office, finance, or accounting
  • Intermediate or greater proficiency working in Microsoft Excel
  • Experience in market risk or energy commodity trading environment preferably physical/Financial Power & Natural Gas
  • Experience with ETRM systems such as Allegro, Right Angle, Openlink
  • Experience using SQL, VBA, or Python for data analysis, modeling, and reporting
  • Strong analytical and numerical skills, with the ability to interpret complex data, run stress or scenario analyses, and identify trends in portfolio risk and P&L
  • Must be willing and able, with or without reasonable accommodation, to comply with the following:
    • Travel up to 5% of the time
    • Occasional on-call duties
    • Work extended hours, which may include evenings, weekends, and holidays

What Makes You Stand Out - Preferred
  • Experience building reports and visualizations in Power BI or Tableau
  • Demonstrated ability to enhance processes, controls, or reporting within a risk, trading, or finance function, with a focus on continuous improvement and accuracy
  • Effective communication and collaboration skills, with the ability to explain risk concepts and insights to both technical and non-technical stakeholders

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 June 9, 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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