Position Keeper, Renewables
London, GB
Phillips 66 & YOU - Together we can fuel the future
Phillips 66 has been operating in the UK for over 65 years and we are as excited about our future as we are as proud of our past. We are committed to improving lives, and that is our promise to our employees and communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflects on who we are, the environment we create and how we work together.
Our company is built on values of safety, honour and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviours: We Work for the Greater Good; Cultivate an Environment of Trust; Seek Different Perspectives and Pursue Excellence.
Our employees are the heart of our success, and there is a reason why we continue to attract great talent. It’s not just the excellent benefits package, or the opportunities for personal growth, it’s also the caring and committed culture of the organisation that makes everyone feel like they can bring their authentic self to work and be truly part of our team.
Basic Function
The Position Keeper is a front office position within the Commercial Renewables Trading organization that is responsible for monitoring and managing market exposure associated with renewable fuels and feedstocks. The primary role is to complete daily bench exposure calculations & reports for the renewables trading desk, including formulation of hedging programmes for physical cargoes and storage positions, and assisting traders with recurring and adhoc tasks to efficiently operate the business and generate income. This position will spend approximately 75% of their time performing the above responsibilities.
Secondary, provide market analysis reports and work with the relevant Global Trading Strategist and other Market Analysts to provide short term forward market views for relevant trading markets.
This position is an excellent opportunity to learn the foundations of Physical and Financial commodity Trading and should provide a solid platform for development into future Commercial roles.
This position is also expected to provide cover for and work with other Position Keeper roles across the trading floor as required.
Primary Responsibilities/Accountabilities
Calculation and completion of daily bench exposure calculations & reports for trading bench purposes, inclusive of:
- Updating market publication pricing, processing programme changes and loading in-house hedges into SAP.
- Loading executed hedging and physical contracts into SAP.
- Loading financial trades into SAP.
- Ensuring trading bench exposure is accurately recorded in SAP.
- Producing programme exposure reports
- Creating monthly hedging programmes
- Creating daily hedging requirements and any catch-up hedging
- Calculating P&L resulting from maximising or minimising cargoes (or operational movements of cargoes)
- Working with F&PA and Risk to accurately report MTM and P&L
- Reconcile desk P&L vs F&PA and Risk P&L
- Liaison between commodities desk and mid / back office roles
- Track and forecast monthly inventory
- Track team key metrics for monthly management reporting
- Prepare and track tender documents
Secondary Responsibilities/Accountabilities
- Seek to better understand the macroeconomic factors that affect the trading markets, work with the relevant Trading Strategist to develop methodologies to perform fundamental and technical analyses on the global and regional markets and sectors.
- Work with Global and European benches, Trading Strategists and Market Analysts to create database, trading tools, models and perform analyses in support of Physical trading
- Provide key interface point with other S&T market analysis personnel in support of arbitrage model initiatives
- Identify, implement, and track business improvement opportunities.
- Prepare ad hoc presentations for management
Critical Skills
- Bachelors degree from an accredited college or univeristy.
- Collaborative team player with ability to work constructively within a very close and often demanding team-working environment.
- Excellent analytical & problem-solving skills to support business focused analysis and decisions
- Ability to function and thrive in a dynamic and demanding work environment and show resilience/adapt in high-pressure situations
- Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.
- Strong planning and organizational skills
- Focus on continuous improvement, knowing the most effective and efficient processes to get things done.
- Willingness to work hard
- Passion to learn about markets and what drives them
- Financial, economic and statistical analysis and/or modeling experience
- Strong Excel, VBA, Tableau skills
- Knowledge of SAP – deal entry, report generation, etc
- Excellent written, oral communication, and presentation skills
- Strong commercial acumen; quick thinker
- Basic understanding of macroeconomic business environment drivers, i.e. supply, demand, price drivers
- Strong desire for personal learning and sharing of skills with others; team player.
- Understanding of financial instruments used in commodities trading; futures, swaps, options
- Confident
- Inquisitive
Additional Information
You must hold the legal right to live and work in the UK on a permanent basis without restrictions, or meet the criteria for employer sponsorship.
We are on an exciting journey, are you ready to join us?
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.
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 Friday 10th April 2026. Applications will be reviewed periodically throughout the advertising window. However, we may invite candidates who pass our screening process to selection events on a first-come, first-served basis and making offers of employment to people who are successful at those events, therefore we advise that you apply as soon as possible to avoid disappointment.
Phillips 66 is an Equal Opportunity Employer