Commercial Trading Compliance Analyst

Phillips 66 & YOU - Together we can fuel the future 

The Commercial Trading Compliance department is a key part of the Phillips 66 Global Ethics & Compliance (‘GEC’) group, and primarily supports the Phillips 66 Global Commercial trading activities. Based in Houston, Texas, the Commercial Trading Compliance (‘CTC’) Analyst (Gas and Power) position, will primarily be responsible for supporting Commercial’s Gas & Power physical and financial commodity derivative trading activities, including providing timely and accurate compliance and regulatory advice; ensuring compliance with internal policies and external regulatory requirements; and conducting trade surveillance and monitoring activities. The CTC Compliance Analyst role will interact with many stakeholders across Phillips 66, including CTC’s global team, North America Commercial Gas & Power Trading personnel, Legal, Risk Management, Internal Audit, and Controllers.  It will also require engagement with external stakeholders such as the exchanges, clearing brokers, and where appropriate US domestic gas and power regulators.

Responsibilities May Include:

• Gas & Power Markets Compliance Support – Support P66 Commercial traders in trading North American Physical Gas and Power markets, including understanding relevant market rules, applicable regulations, and compliance requirements for new market authorizations.
• Gas & Power Commodity Derivative Trading – Tracking relevant rules and regulations related to gas & power commodity derivative trading activity on exchange and over the counter.   Ensure P66 traders are aware of their compliance obligations and responsibilities to the exchanges and applicable regulators.
• Trade Surveillance – Conduct risk-based trade surveillance of gas and power commodity derivative trading conducted on US exchanges, using standard indicator reports in the Nasdaq Trade Surveillance (‘NTS’) tool to identify potential exceptions such as wash trades, spoofing, market manipulation etc.  Also conduct ad-hoc and event driven investigations.
• Position Limits - Evaluate daily futures and option positions to ensure compliance with regulated exchange position limits (i.e., Intercontinental Exchange and NYMEX/CME Group)
• Compliance Awareness and Learning – Assist Global CTC Team in increasing P66’s trading personnel’s awareness of relevant rules and regulations, by creating and implementing tailored and engaging online and face-to-face learning modules.
• Internal Compliance Controls – Ensure P66 trader compliance of internal controls and policies, including authority limits, late trades, etc.  Maintain and enhance internal monitoring reports and escalate potential internal policy violations to management. 
• Compliance Investigations – Support the GEC Ethics Department and Chief Compliance Officer in conducting internal investigations of P66 trader behavior as required, summarizing key issues as appropriate.
• External Regulatory Awareness – Maintain compliance and regulatory knowledge of CFTC, FERC, and ISO rules for power, renewables, and gas markets.
• Compliance Advisory – Monitor changes to regulatory requirements and exchange rules and communicate impact to relevant internal stakeholders, including Trade Managers, Traders, and back-office functions. Provide timely, accurate advice and guidance on compliance and regulatory issues.

Required Qualifications:

• Legally authorized to work in the job posting country
• Bachelor's degree 
• 1 or more years of experience supporting a Commercial Trading function, with exposure to front and mid-office trading activities
• Knowledge of gas products, ISO/RTO power products (including FTRs and Virtual trades)
• Commercial competence of traded products, markets, and strategies, both physical and financial
• Demonstrate knowledge of CFTC, FERC, and ISO rules for power, gas, and renewables markets

Preferred Qualifications:

• Experienced in using the Nasdaq Trade Surveillance (‘NTS’) tool or similar monitoring system
• Familiarity with Energy Trading and Risk Management (‘ETRM’) systems such Allegro, Right Angle, Aligne and SAP4
• Strong knowledge of the U.S. commodities regulatory environment and applicable laws including Dodd-Frank, the Commodity Exchange Act and knowledge of Designated Contract Market rules
• Working knowledge of PowerBI for creating tailored reports and dashboards
• Proficient knowledge of regulations, exchange rules, relevant laws, and typical internal policies related to North American physical and financial gas and power trading
• Engaged self-starter who can work independently demonstrating personal drive and taking own initiative yet can collaborate and work effectively in a global team 

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, create an environment of trust, seek different perspectives and achieve 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 08/20/2025.

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.