The Goldman Sachs Group, Inc

Global Banking & Markets - Physical Commodities Operations - New York - Associate

The Goldman Sachs Group, Inc$80K — $135K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3+ years of relevant experience in the commodities field
  • Bachelor's degree in a related discipline
  • Strong technical and analytical skills with attention to detail
  • Advanced Excel and VBA macro proficiency
  • Proactive and self-starting with high ownership
  • Ability to thrive under pressure and meet deadlines
  • Effective teamwork and collaboration skills
  • Demonstrated focus on risk and control
  • Strong time management capabilities

Responsibilities

  • Facilitate documentation for onboarding new structured physical transactions
  • Monitor daily settlements, payments, and client invoicing
  • Interact daily with traders, sales, and other operational departments
  • Prepare and review escalation and control reports
  • Support traders and sales with existing transactions and new business opportunities
  • Assist in the review and creation of structured excel models

Benefits

  • Competitive benefits and wellness offerings
  • Support for overall employee experience
  • Options generally available for full-time and part-time employees
  • Eligibility for discretionary bonuses
  • Flexible work environment options
Full Job Description
Job Description

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.

HOW YOU WILL FULFILL YOUR POTENTIAL
  • Documentation: Daily responsibilities relating to onboarding of new structured physical business, desk support, trade checkouts, and contracts for various physical products. 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
  • Onboarding new transactions and understanding new commodities business opportunities
  • Providing support to traders, sales and clients around existing transactions and new business

SKILLS & EXPERIENCE WE'RE LOOKING FOR

Basic Qualifications
  • 3+ years of experience
  • Bachelor's degree
  • Technical & Analytical Focus with attention to detail
  • Advanced Excel/VBA macro knowledge
  • 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
  • Strong understanding of Commodities
  • Communication & Presentation skills

Salary Range
The expected base salary for this New York, New York, United States-based position is $80000-$135000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

Stay Connected

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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