Global Banking & Markets, Commodities, West Physical Trader, Associate - NY

Company:  Goldman Sachs
Location: New York
Closing Date: 08/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

GLOBAL MARKETSOur 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 ROLEThe US Power Trading desk is looking for an experienced trader to trade short term physical power in the West region (Pacific Northwest, Desert Southwest, Rockies, and Alberta markets).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:Trade short term physical power in the Pacific Northwest, Desert Southwest, Rockies, and Alberta marketsManage cash and short term risk across all WECC markets with a focus in the Pacific Northwest regionExecuting and booking of flow-based and structured trades across west markets; identifying opportunities for automating executionUnderstanding commodities market fundamentals and trends and communicating information succinctly to salespeople and clientsOther QualificationsMinimum 2 years experience trading WECC cash and term power and transmission marketsMust have physical power trading experience in the Pacific Northwest regionExperience trading Desert Southwest, Rockies, and Alberta markets preferred but not requiredProficiency in Python and VBA preferred but not requiredExperience trading CAISO CRRs and convergence bidding preferred but not requiredABOUT GOLDMAN SACHSAt 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.We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: Goldman Sachs Group, Inc., 2023. All rights reserved.Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender IdentitySalary RangeThe expected base salary for this New York, New York, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.BenefitsGoldman 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.The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.Minimum Salary: 150000.00 Maximum Salary: 225000.00 Salary Unit: Yearly

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