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Entry Level Market Risk Analyst Jobs in Texas (NOW HIRING)

Phillips 66

Market Risk Analyst

Houston, TX · On-site

$125K - $152K/yr

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 ...

Phillips 66

Market Risk Analyst

Houston, TX · On-site

$125K - $152K/yr

Calculate and interpret market risk metrics such as value at risk (VaR), backtests, and stress and scenario analyses to assess portfolio performance against risk appetite and highlight emerging risks ...

Engelhart

Market Risk Analyst

Houston, TX · On-site

About the Role We are looking for a Market Risk Analyst with a keen interest in Energy Commodity Markets to join us in either our Houston TX or Stamford CT office. This role will sit in our global ...

Talen Energy

Market Risk Manager

Houston, TX · On-site

Deliver ad hoc analysis to support trading, hedging, and management decisions. * Develop and ... in market risk management, portfolio analytics, trading support, FP&A, or a related role with ...

Talen Energy

Market Risk Manager

Houston, TX

Deliver ad hoc analysis to support trading, hedging, and management decisions. * Develop and ... in market risk management, portfolio analytics, trading support, FP&A, or a related role with ...

Talen Energy

Market Risk Manager

Houston, TX · On-site

Deliver ad hoc analysis to support trading, hedging, and management decisions. * Develop and ... in market risk management, portfolio analytics, trading support, FP&A, or a related role 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 for various financial products. * Produce timely and accurate daily analyses of business unit ...

TXU Energy

Sr Analyst, Market Risk

Irving, TX · On-site

The analyst will deal with numerous aspects of commodity risk including market risk, credit risk, operational risk and compliance. Key Accountabilities * Create, validate, and publish daily position ...

Vistra Energy

Sr Analyst, Market Risk

Irving, TX · On-site

The analyst will deal with numerous aspects of commodity risk including market risk, credit risk, operational risk and compliance. Key Accountabilities * Create, validate, and publish daily position ...

Luminant

Sr Analyst, Market Risk

Irving, TX · On-site

The analyst will deal with numerous aspects of commodity risk including market risk, credit risk, operational risk and compliance. Key Accountabilities * Create, validate, and publish daily position ...

Aramco

Risk Analyst

Houston, TX · On-site

Provide functional support to Market Risk Management activities related to pricing, valuation, and ... Provide detailed analysis of system behavior, aligning current system input with expected output.

DTCC

Market Risk Senior Analyst

Coppell, TX · On-site

Market Risk for Fixed Income Clearing Corporation (FICC) is responsible for monitoring daily margin ... analyze, and mitigate potential risks and safeguard financial markets, in which DTCC plays a ...

DTCC

Market Risk Senior Analyst

Coppell, TX · Hybrid

Market Risk for Fixed Income Clearing Corporation (FICC) is responsible for monitoring daily margin ... analyze, and mitigate potential risks and safeguard financial markets, in which DTCC plays a ...

Sunflower Bank, N.A.

Model Risk Analyst

Dallas, TX · On-site

The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ... This role ensures that models--used for credit risk, liquidity risk, market risk, capital planning ...

Sunflower Bank NA

Model Risk Analyst

Dallas, TX · Hybrid

The Analyst will be responsible for supporting the bank-wide Model Risk Management (MRM) program ... This role ensures that models-used for credit risk, liquidity risk, market risk, capital planning ...

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Entry Level Market Risk Analyst information

What does an Entry Level Market Risk Analyst do?

An Entry Level Market Risk Analyst helps assess and monitor the financial risks that an organization faces due to market movements such as changes in interest rates, currency values, or stock prices. They collect and analyze data, create reports, and assist with risk modeling under the guidance of more experienced analysts. Their goal is to help the company understand potential losses and support risk management decisions to protect assets and investments.

What are the key skills and qualifications needed to thrive as an Entry Level Market Risk Analyst, and why are they important?

To thrive as an Entry Level Market Risk Analyst, you need a solid understanding of finance, mathematics, and statistics, typically supported by a bachelor's degree in finance, economics, or a related field. Familiarity with risk management software, Excel, and programming languages like Python or SQL is commonly required, and relevant certifications such as FRM or CFA Level 1 can be advantageous. Strong analytical thinking, attention to detail, and effective communication are essential soft skills for interpreting data and conveying risk insights. These abilities are crucial for accurately assessing market risks and supporting sound decision-making in fast-paced financial environments.

What is the difference between Entry Level Market Risk Analyst vs Junior Risk Analyst?

AspectEntry Level Market Risk AnalystJunior Risk Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; some certifications like FRM are a plusBachelor's degree; some roles may prefer or require certifications like FRM or CFA
Work EnvironmentFinancial institutions, banks, asset management firms; focus on market risk assessmentFinancial firms, consulting, or risk management departments; similar environment
Employer & Industry UsageCommonly used in banking, investment firms, and asset managersUsed interchangeably in similar settings, often as entry-level roles in risk departments

The main difference is that the Entry Level Market Risk Analyst typically emphasizes market risk assessment with a focus on financial markets, while the Junior Risk Analyst may have a broader or slightly different scope in risk management. Both roles require similar educational backgrounds and certifications, and they are often found in the same industries and work environments.

What are some common challenges faced by entry level market risk analysts in their first year on the job?

Entry level market risk analysts often encounter challenges such as grasping complex financial products, understanding risk models, and adapting to the fast-paced nature of financial markets. Balancing multiple tasks like daily risk reporting, data validation, and responding to ad-hoc requests from senior analysts or traders can also be demanding. Additionally, building effective communication skills to explain risk exposures and collaborating with other departments, like trading and IT, is crucial for early success. Over time, these challenges provide valuable learning experiences and help analysts develop strong technical and analytical foundations for career growth.
What are the most commonly searched types of Market Risk Analyst jobs in Texas? The most popular types of Market Risk Analyst jobs in Texas are:
What are popular job titles related to Entry Level Market Risk Analyst jobs in Texas? For Entry Level Market Risk Analyst jobs in Texas, the most frequently searched job titles are:
What job categories do people searching Entry Level Market Risk Analyst jobs in Texas look for? The top searched job categories for Entry Level Market Risk Analyst jobs in Texas are:
Entry Level Market Risk Analyst jobs near you
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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