Operations - Global Markets Operations - Commodities - Associate - New York at The Goldman Sachs Group in New York, New York

Posted in Other 13 days ago.





Job Description:


Operations - Global Markets Operations - Commodities - Associate - New York

Location(s)

US-NY-New York






























Job ID
2021-75692
Schedule Type
Full Time
Function(s)
Operations

Region

Americas
Division
Operations

Business Unit

Commodities Operations
Employment Type
Employee

MORE ABOUT THIS JOB

OPERATIONS

Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

RESPONSIBILITIES AND QUALIFICATIONS

YOUR IMPACT

We are looking for a professional and dynamic individual, preferably with a background in Physical Commodities. The ideal candidate would be able to operate effectively in a challenging and fast-paced environment, partner with the Business and other core Support areas in order to facilitate business growth with a key focus on the risk and control around the trade capture, documentation, and settlement of structured physical transactions.

OUR IMPACT

The Physical Commodities Ops team is responsible for the operational support of the structured physical commodities business in the Americas. The Physical Commodities Ops team is made up of a Physical Documentation team and a Physical Settlements team. Both teams work very closely with our sales and trading teams to facilitate and understand new and existing physical commodity products. In addition to working with sales and trading, the teams interact with other internal teams that include logistics, strategists, technology and legal.

HOW YOU WILL FULFILL YOUR POTENTIAL

    Documentation: Daily responsibilities relating to onboarding of new structured US physical power business, desk support, trade checkouts, and contracts. Providing support to traders, sales and marketers around existing transactions and new business
  • Settlements: Daily monitoring of payments and receipts, invoicing clients, and the daily reconciliation of customer account balances for physical transactions covering a wide range of commodity businesses and products. Responsible for the creation and review of structured excel models that facilitate business support and reconciliations of structured transactions.

  • Daily interaction with Traders, Sales, Technology, Legal, Strategists and other Operational departments

  • Preparation and review of escalation and control reports

SKILLS & EXPERIENCE WE'RE LOOKING FOR

Basic Qualifications


  • Bachelor's degree with minimum 3 years of experience in an operations support role

  • Technical & Analytical Focus with attention to detail

  • Proactive, self-starting individual with high levels of ownership

  • Ability to work well under pressure and meet deadlines

  • Teamwork skills

  • Demonstrate Risk & Control Focus

  • Strong time management skills and ability to work well under pressure and with competing tasks

Preferred Qualifications


  • Advanced Excel Skills preferred

  • Strong understanding of Commodities

  • Communication & Presentation skills

ABOUT GOLDMAN SACHS

ABOUT GOLDMAN SACHS


At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people atGS.com/careers.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html



The Goldman Sachs Group, Inc., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity