Global Banking & Markets, Commodities, Base Metal, Precious Metal or Oil Logistics, Associate, ...

Goldman Sachs Group, Inc.; Greater London; On-site; GBP 100,000 - 125,000; Full time

Job summary

A leading global investment bank is seeking an Associate for its logistics team focusing on managing risks in Base Metal, Precious Metal, and Oil Logistics. The successful candidate will handle inventory management, collaborate with various stakeholders, and ensure compliance with standards. A strong grasp of logistics, analytical skills, and effective relationship building are essential. Experience in Python is preferred but not required. This role requires a proactive approach in a fast-paced environment, promoting both business growth and risk control.

Benefits

Diversity and inclusion programs

Training and development opportunities

Wellness and personal finance offerings

Qualifications

• Extensive knowledge and experience in Base Metals, Precious Metals or Oil logistics.
• Experience with physical inventory management and supply chain optimisation/planning.
• Strong organizational skills to manage competing priorities.

Responsibilities

• Onboarding and support for physical metals and oil commodity transactions.
• Daily inventory and supply chain management including liaising with trading and sales.
• Ensure contracts accurately reflect terms agreed and identify discrepancies.

Skills

Knowledge of Base Metals logistics

Experience in Precious Metals logistics

Oil logistics experience

Organizational skills

Analytical skills

Relationship building

Tools

Python

Job description

Global Banking & Markets, Commodities, Base Metal, Precious Metal or Oil Logistics, Associate, London Job Description

COMMODITIES METALS AND OIL LOGISTICS

Operations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm's assets and its reputation

YOUR IMPACT

We are looking for a professional and dynamic individual with physical Base Metal, Precious Metal or Oil Logistics experience to join our logistics team who cover a range of products including Metals and Oil. 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 meet business demands and facilitate new business growth with a key focus on clients, risk, control and efficiency.

OUR IMPACT

Metal and Oil Logistics is a high value risk management team in Operations that is responsible for managing physical risks associated with the transportation and storage of physical inventory for the Commodities Business including Structured Finance. Logistics partner closely with Trading, Sales, other Operations teams, Legal and other key departments. We are seeking a professional who is looking to collaborate across the firm to manage and mitigate risks associated with the physical logistics supply chain - particularly in metals or oil with an opportunity to expand into other physical commodities as new commercial opportunities arise.

HOW YOU WILL FULFIL YOUR POTENTIAL

• Onboarding, execution and ongoing support for physical metals and oil commodity transactions.
• Responsibilities involve daily inventory and supply chain management including liaising with trading and sales on potential transactions, daily scheduling of inventory movements, vessel vetting in line with internal policies & standards, transportation and title documentation review, inventory reconciliation and liaison with clients and operators.
• Daily interaction with traders, sales people and numerous control groups across operations, legal, compliance, tax, insurance, technology etc. to work toward the shared goal of risk mitigation and business facilitation.
• Provide logistics comments in a variety of areas including new trade ideas, system enhancements and contract language.
• Arrange for pre execution due diligence and ongoing inspections of client or third party storage facilities.
• Ensure contracts & confirmations accurately reflect terms agreed and identify discrepancies in legal documents & invoices.
• Participate in the ongoing development of the team processes and procedures in order to support this developing business.
• Collaborate as a proactive team player who takes ownership and accountability of projects, has strong organizational skills, and the ability to effectively manage competing priorities and expectations.

EXPERIENCE WE'RE LOOKING FOR

Preferred Qualifications

• Extensive knowledge and experience in Base Metals, Precious Metals or Oil logistics.
• Experience with physical inventory management and supply chain optimisation/planning.
• Cargo operations experience beneficial but not essential.
• Knowledge and understanding of commercial deal terms, title transfer documents and Incoterms.
• Experience coordinating across multiple stakeholders and executing large scale transactions.
• Proactive, self starting individual with high levels of ownership of projects and contracts.
• Strong organizational skills & ability to effectively manage competing priorities.
• Proven technical and analytical skills, a control mentality with meticulous attention to detail.
• Strong focus on control issues, processes and procedures.
• Ability to learn quickly in a fast paced environment, able to work well under pressure in order to meet deadlines.
• Aptitude for building relationships both inside and outside of the firm and ability to communicate effectively with a wide array of people with varying product knowledge.

Preferred Skillset

• Python skills preferred but not essential.

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.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:

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.

Job Info

• Job Identification 148679
• Job Category Associate
• Posting Date 11/04/2025, 02:45 PM
• Locations London, Greater London, England, United Kingdom