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

About the role

The Physical Commodities Ops team is responsible for the operational support of the physical commodities business in the Americas. The team is divided into a Physical Documentation team and a Physical Settlements team, both of which collaborate closely with sales and trading teams to facilitate and understand new and existing physical commodity products. They also interact with logistics, strategists, technology, and legal teams.

Responsibilities

• 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.
• Documentation: Daily monitoring of payments and receipts, invoicing clients, and 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.
• Supporting traders, sales, and clients around existing transactions and new business.

Requirements

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
• Strong Risk & Control Focus
• Strong time management skills and ability to work well under pressure and with competing tasks

Skills

• Strong understanding of Commodities
• Communication & Presentation skills

Qualifications

Preferred Qualifications:

• Strong understanding of Commodities
• Communication & Presentation skills

Benefits

Goldman Sachs offers a comprehensive benefits package including health insurance, retirement plans, and wellness programs. For more details, please refer to the company's benefits page.

Pay

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.

Schedule

Details on the schedule will be provided upon hiring.