GBM - Public, Trading, Associate, Houston

GLOBAL MARKETS

Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor.

Goldman Sachs has been engaged in the commodities business since 1981 and is one of the leading players in the commodities markets across a wide variety of financial and physical products. It operates a fully integrated global commodities business that is able to offer services to clients spanning derivatives risk management and advisory, physical trading and logistics and structured finance products.

THE TEAM

The Commodities US Power trading desk market makes in a variety of US power markets and works with a range of corporate clients primarily located across North America. On a day-to-day basis, team members will be expected to price and execute derivatives transactions, stay connected with market events across commodity markets, and work with the wider team to support and build the overall business.

Responsibilities / Qualifications:

• Supporting senior traders with structuring, pricing and executing derivative transactions and ongoing risk management of positions
• Building and maintaining a fundamental supply and demand balances, and performing in dept research on the markets we cover
• Executing and booking of flow-based trades across commodity products; identifying opportunities for automating execution
• Understanding commodities market fundamentals and trends and communicating information succinctly to salespeople and clients
• Producing commentary ranging from a variety of client e-mails to weekly and monthly strategy performance updates

Other Qualifications

• Strong academic record with minimum Bachelor's degree in Finance, Economics or a related discipline
• Strong quantitative, analytical and problem-solving ability
• Ability to multi-task, manage competing priorities and work well under pressure
• Excellent written and verbal communication skills, strong interpersonal skills
• Two (2) years of experience in the job offered or in a related role, preferable oil & refined product knowledge