Posted 10 days ago
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**Global Banking & Markets Operations, Gas & Power, Associate - New York** Associate role in Global Banking & Markets Operations, Gas & Power. Manage trade documentation, settlement, and reporting for US Power and Natural Gas. Collaborate with traders, sales, tech, legal, and other ops teams. Requires 3+ years' experience, Bachelor's degree, advanced Excel/VBA skills, and experience with structured Excel models.
- Compensation
- $80,000 – $135,000 USD
- City
- New York City
- Country
- United States
Currency: $ (USD)
Full Job Description
Job Description
We are looking for a professional and dynamic individual for a role within our North American Power and Natural Gas Physical Commodities team. 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 transactions through reviewing trade documentation, performing trade checkouts and working with a variety of internal teams to integrate the transaction into the functional groups.
- Providing support to traders, sales and marketers around existing transactions and new business
- Onboarding new transactions and understanding new commodities business opportunities
- Settlements: Daily monitoring of payments and receipts, invoicing clients and the daily reconciliation of customer account balances for physical transactions covering structured US power and North American natural gas products.
- Responsible for the creation and review of structured excel models that facilitate business support and reconciliations of structured transactions.
- Responsible for performing some regulatory reporting functions with respect to the US Power and Natural Gas business
- Daily interaction with Traders, Sales, Technology, Legal, Strategists and other Operational departments
- Preparation and review of escalation and control reports
SKILLS & EXPERIENCE WERE LOOKING FOR
Basic Qualifications
- 3+ years of experience
- Bachelors degree
- 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
- Advanced Excel/VBA macro knowledge
- Strong time management skills and ability to work well under pressure and with competing tasks
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 at GS.com/careers.
Were 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., 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
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.
