Global Banking & Markets - Physical Commodities Operations - New York - Associate New York · · [...]

Goldman Sachs Bank AG; New York, Northern (NY, KY); Hybrid; USD 80,000 - 135,000; Full time

Benefits offered by this job

Healthcare & Medical Insurance

Generous vacation policies

On-site fitness centers

Child Care & Family Care programs

Job summary

Goldman Sachs Bank AG is seeking an Associate in New York for their Global Banking & Markets - Physical Commodities Operations team. The role involves documentation, settlements, and daily interactions with traders, sales, and various operational departments.

Candidates should have at least 3 years of experience and strong Excel/VBA skills. The expected salary for this position ranges from $80,000 to $135,000, plus potential bonuses. The company offers extensive benefits to support employees’ well-being and work-life balance.

Qualifications

• 3+ years of experience in relevant role.
• Proactive, self-starting individual with high levels of ownership.
• Ability to work well under pressure and meet deadlines.

Responsibilities

• Documentation of new structured physical business and desk support.
• Daily monitoring of payments, invoicing clients, and account balances reconciliation.
• Preparation and review of escalation and control reports.

Skills

Technical & Analytical Focus

Advanced Excel/VBA macro knowledge

Strong time management skills

Understanding of Commodities

Job description

Global Banking & Markets - Physical Commodities Operations - New York - Associate location_on New York, NY, United States

YOUR IMPACT

We are looking for a professional and dynamic individual, preferably with a background in Physical Commodities. 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 facilitate business growth with a key focus on the risk and control around the trade capture, documentation, and settlement of structured physical transactions.

OUR IMPACT

Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.

The Physical Commodities Ops team is responsible for the operational support of the physical commodities business inthe Americas. The Physical Commodities Ops team is made up of a Physical Documentation team and a Physical Settlements team. Both teams work very closely with our sales and trading teams to facilitate and understand new and existing physical commodity products. In addition to working with sales and trading, the teams interact with other internal teams that include logistics, strategists, technology and legal.

HOW YOU WILL FULFILL YOUR POTENTIAL

• Documentation: Daily responsibilities relating to onboarding of new structured physical business, desk support, trade checkouts, and contracts for various physical products. Providing support to traders, sales and marketers around existing transactions and new business
• Settlements: Daily monitoring of payments and receipts, invoicing clients and the daily reconciliation of customer account balances for physical transactions covering a wide range of commodity businesses and products. Responsible for the creation and review of structured excel models that facilitate business support and reconciliations of structured transactions.
• Daily interaction with Traders, Sales, Technology, Legal, Strategists and other Operational departments
• Preparation and review of escalation and control reports
• Onboarding new transactions and understanding new commodities business opportunities
• Providing support to traders, sales andclients around existing transactions and new business

SKILLS & EXPERIENCE WE’RE LOOKING FOR

BASIC QUALIFICATIONS

• 3+ years of experience
• Technical & Analytical Focus with attention to detail
• Advanced Excel/VBA macro knowledge
• Proactive, self-starting individual with high levels of ownership
• Ability to work well under pressure and meet deadlines
• Strong time management skills and ability to work well under pressure and with competing tasks

PREFERRED QUALIFICATIONS

• Strong understanding of Commodities

Salary Range

The expected base salary for this New York, New York, United States-based position is $80000-$135000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman 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 .

Healthcare & Medical Insurance

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.

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

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.