Product Control Advisor II

Phillips 66 & YOU - Together we can fuel the future

As a Product Control Advisor II , 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
• Must be willing and able to travel up to 5%, with or without reasonable accommodation
• 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

What Makes You Stand Out - Preferred

• Experience in a market risk or energy commodity trading environment
• Experience with ETRM systems such as Right Angle, Openlink, or SAP S4/HANA
• Experience using SQL, VBA, or Python for data analysis, modeling, and reporting
• Experience building reports and visualizations in Power BI or Tableau
• 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
• 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 $106,200 - $129,800.

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 03/13/2026 .

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

Nearest Major Market: Houston