Global Banking & Markets- Houston- Associate, Trading

Goldman Sachs; Houston (TX); On-site; USD 120,000 - 180,000; Full time

Job summary

Goldman Sachs in Houston seeks an Associate, Trading to price and execute trades across equities, bonds, commodities, and FX for clients. You will work with sales, operations, engineering, and structuring teams to optimize client experience and identify opportunities.

Responsibilities include building financial models, presenting analyses to executives, and contributing to market research on energy markets.

Qualifications

• Two years of experience in trading or related role.
• Experience conducting quantitative analysis on complex trading products.
• Ability to present investment theses and risk analyses to senior leaders.
• Liaising with clients, investors, and internal sub-groups to achieve commercial outcomes.
• Applying financial accounting principles to build cash flow models and corporate valuations.
• Performing regression data analytics on historical trading data.

Responsibilities

• Make prices and execute trades in asset classes (equities, bonds, commodities, FX) for clients.
• Change and execute orders; manage risk of related books.
• Develop term sheets, marketing materials, and internal presentations; build financial models.
• Coordinate with control side during execution to ensure approvals.
• Conduct market analysis on natural gas and power markets; price transactions as part of team.

Skills

Quantitative analysis

Risk management

Trading

Education

Bachelor's degree

Job description

Job Duties: Associate, Trading with J. Aron & Company LLC in Houston, Texas. Responsible for making prices and executing trades in asset classes such as equities, bonds, commodities and foreign exchange on behalf of the firm's clients. Changing and executing orders, managing risk of related books, and building relationships with sales, operations, engineering and structuring teams to facilitate premiere client experience. Work with other Trading desks and Sales / Investment Banking coverage to identify potential transactions and clients across various industries and products. Work with senior team members to proactively pitch and originate new transactions and build relationships with clients and advisors. Work on fundamental and quantitative research and trading ideas for a trading desk and client trades. Develop term sheets, marketing materials, internal committee presentations and produce detailed financial models, scenario, and credit analysis. Work with control side personnel during execution to ensure transaction approval and support. Conduct in-depth market analysis and research supply and demand factors for natural gas and power markets. Structure and price transactions as part of collaborative team. Manage ongoing credit and/or funding risks post-execution.

Job Requirements: Bachelor’s degree (U.S. or foreign equivalent) in Economics, Finance, or a related field and two (2) years of experience in job offered or a related role. Prior experience must include two (2) years with: conducting quantitative analysis on complex trading products, including working with mathematical valuations and probability weighted outcomes and applying this analysis to provide liquidity and manage risk; executing complex trades and structured transactions in various financial and physical power and natural gas markets; presenting investment theses and risk analyses to senior leaders; liaising with clients, investors, and internal sub-groups to achieve commercial outcomes; applying financial accounting principles to build cash flow models and corporate valuations; and performing regression data analytics on historical trading data.

©The Goldman Sachs Group, Inc., 2026. All rights reserved. Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veteran status, disability, or any other characteristic protected by applicable law.