About this role
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 ROLE
The US Power Trading desk is looking for a highly motivated fresh graduate or first-year analyst to join its Commodities business within Global Banking & 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:
- Supports daily trading and market-making activity across commodity products
- Helps develop commodities market fundamentals and trends and communicating information succinctly to salespeople and clients
- Support risk management and trade execution process across various power markets, notably PJM, MISO, NYISO, and NEPOOL
- Manage cash and short-term trading positions risk
- Executing and booking of flow-based and structured trades across power markets
Other Qualifications
- Bachelor's degree or expected graduation from an undergraduate or graduate program
- Demonstrated interest in commodities, financial markets, trading, energy, macroeconomics or risk management.
- Strong analytical, quantitative, and problem-solving skills
- Proficiency in Python and VBA preferred but not required