Global Banking & Markets - Physical Commodities Operations Associate

Global Banking & Markets - Physical Commodities Operations - New York - Associate  New York, NY, United States

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.

Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.

The Physical Commodities Ops team is responsible for the operational support of the physical commodities business inthe 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.

• 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

• 3+ years of experience
• 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
• Strong time management skills and ability to work well under pressure and with competing tasks

• Strong understanding of Commodities

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.

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 .

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short‑term disability, long‑term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each…