Manager, Global Product Control

Phillips 66 & YOU - Together we can fuel the future

We are seeking an experienced Product Control Manager to oversee the integrity, accuracy, and timeliness of trading PnL and risk reporting across our global commercial portfolio, using globally consistent tools and processes. This role ensures robust control frameworks are in place to support front-office activities, manage exposure to market risks, and comply with internal and external regulatory requirements. The ideal candidate will have deep expertise in commodity trading, risk management, and financial control, as well as experience in managing a dynamic team in a large and diverse commodity trading organization.

Responsibilities May Include:

• Lead daily validation and reporting of trading P&L and risk metrics across global commodity trading books.
• Ensure accurate valuation of physical and derivative positions, including mark-to-market and fair value adjustments.
• Analyze and explain P&L drivers, including market movements, trading strategies, and operational impacts.
• Develop and maintain robust product control processes, ensuring compliance with internal policies and external regulations.
• Coordinate with internal audit and compliance teams to address control gaps and findings. 
• Act as a key liaison between the front office, risk, finance, operations, and IT teams.
• Provide strategic insights and risk commentary to senior management and trading leadership.
• Support new product initiatives and system implementations from a control and risk perspective.
• Manage and mentor a global team of product control leads and risk analysts.
• Foster a culture of accountability, continuous improvement, and operational excellence.

Required Qualifications:

• Bachelor’s or Master’s degree in Finance, Economics, Engineering, or a related field
• 10+ years of experience in product control, risk management, or finance within a commodity trading environment
• Strong knowledge of energy markets, physical and financial trading instruments, and risk metrics (VaR, Greeks, stress testing)
• Proficiency in trading and risk systems (e.g., SAP, RightAngle, Endur, Allegro, or similar)
• Excellent analytical, communication, and leadership skills
• Experience working in a global, fast-paced, and matrixed organization

Preferred Qualifications:

• Experience with digital transformation, automation, or data analytics in risk/product control functions
• Strong trading-facing communicator, aligning risk insights with commercial strategies and decision-making

The Commercial organization  works to effectively leverage assets and market knowledge to create additional value within the risk parameters of the Company. We do this by maximizing general interest profitability, enhancing return on capital employed by successfully partnering with the Refining, Transportation and Marketing functions to ensure Value Chain Integration.   Our truck and rail fleets support our feedstock and distribution operations.  Rail movements are provided via a fleet of more than 10,000 owned and leased rail cars. Truck movements are provided through numerous third-party trucking companies, as well as through our 100 percent-owned subsidiary, Sentinel Transportation LLC.

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 07/02/2025.

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.