Global Banking & Markets - Public - Power Trading - Analyst - Houston

Goldman Sachs (lateral); Houston (TX); On-site; USD 90,000 - 120,000; Full time

Job summary

Goldman Sachs in Houston is seeking a recent graduate or first-year analyst to join its Commodities Power Trading desk within Global Banking & Markets. The role centers on pricing and executing derivatives and supporting market-making for US power markets.

You will develop market fundamentals, communicate insights to sales and clients, and assist with risk management across PJM, MISO, NYISO and NEPOOL on a dynamic trading floor.

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.

Responsibilities

• Support daily trading and market-making activity across commodity products.
• Develop commodities market fundamentals and trends and communicate 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.
• Execute and book flow-based and structured trades across power markets.

Skills

Analytical skills

Quantitative skills

Problem solving

Python

VBA

Education

Bachelor's degree or expected graduation

Tools

Python

VBA

Job description

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 Houston Power Trading desk is looking for a highly motivated recent graduate or first-year analyst to join its Commodities business within Global Banking & Markets.

The Commodities Power Trading desk makes markets 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:

• Support daily trading and market-making activity across commodity products
• Develop commodities market fundamentals and trends and communicate 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
• Execute and book 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