GBM Public, Micro 1D Trading, Associate, London

Goldman Sachs; Greater London; On-site; GBP 100,000 - 150,000; Full time

Job summary

Goldman Sachs in London is seeking a Sector Specialist Cash Trader to manage risk, provide liquidity and scale our franchise on the equities cash desk. You will price and execute large cash trades, actively manage stock inventory, and deepen relationships with portfolio managers and traders to grow share.

This fast-paced trading floor culture rewards teamwork, entrepreneurial thinking, and disciplined risk controls.

Qualifications

• Bachelor's degree or equivalent qualification with an excellent academic record.
• Market passion and risk appetite with the conviction to back analytical conclusions with capital.
• High-velocity analytical skills to process large volumes of information daily.
• Entrepreneurial mindset with proactive identification of monetizable opportunities and client service.
• Collaborative mindset with strong communication with Sales trading desk and support functions.
• Strong work ethic with high levels of motivation.

Responsibilities

• Dynamic cash market making with competitive pricing and fast execution.
• Proactive inventory management of stock to anticipate client demand.
• Grow institutional client relationships with portfolio managers and traders to increase market share.

Skills

Market passion

Analytical skills

Entrepreneurial mindset

Collaborative

Work ethic

Education

Bachelor's degree or equivalent qualification

Job description

GLOBAL BANKING & MARKETS

JOB DESCRIPTION

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 that includes individuals who have a passion for the markets and who thrive in fast-paced, changing environments and are energized by a bustling trading floor.

At Goldman Sachs, our culture is one of teamwork, innovation and meritocracy. We often say our people are our greatest asset and we take pride in supporting each colleague both professionally and personally.

BUSINESS SEGMENT AND ROLE OVERVIEW

Equities & FICC: We make markets in and clear client transactions on major stock, options and futures exchanges worldwide. Through our global sales force, we maintain relationships with our clients, receiving orders and distributing investment research, trading ideas, market information and analysis.

The Micro 1 Delta Team sits at the intersection of deep sector expertise and elite cash execution. We both use our balance sheet to price very large transactions as well as execute for our clients on an agency basis with direct access to the market and sourcing liquidity from our network of clients including mutual funds, hedge funds, and sovereign wealth funds.

WHAT YOU WILL DO (RESPONSIBILITIES)

As a Sector Specialist Cash Trader, you will manage risk, provide liquidity, and scale our franchise. Your key responsibilities will include:

• Dynamic Cash Market Making: Provide competitive risk transfer pricing and execute transactions in cash equities with precision and speed.
• Pro-active inventory management: Actively manage a portfolio of stock inventory in anticipation of client demand.
• Franchise Growth: Grow your institutional client relationships both with portfolio managers and traders to increase Goldman Sachs no.1 equity market share position.

WHO YOU ARE (REQUIREMENTS)

We are looking for a sharp, high-energy professional who stands out in a dynamic trading environment. You will be a strong fit if you have:

• Relevant bachelor’s degree or equivalent qualification with an excellent academic record.
• Market Passion & Risk Appetite: A passion for the markets and the conviction to back your analytical conclusions with capital whilst possessing emotional balance required to manage risk objectively.
• High-velocity Analytical Skills: The ability to process large volume of information each day and distil it to decisive trading actions.
• An Entrepreneurial Mindset: A proactive attitude toward identifying monetizable opportunities that also provide the best service to clients.
• Collaborative Focus: Strong communication skills as we are deeply integrated with the Sales trading desk as well as our quantitative strats and support functions.
• A strong work ethic with high levels of motivation.

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 .

We’re 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

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 year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.