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

Candidate Experience Site - Lateral; Houston (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

Goldman Sachs in Houston, TX is seeking a highly motivated Analyst for the Global Banking & Markets - Public Power Trading desk. The role focuses on pricing and executing derivatives, supporting risk management, and building market insights across North American power markets.

The position involves daily trading activity, market-making, and collaboration with sales and clients. Strong analytical skills and interest in commodities are essential, with Python/VBA proficiency preferred.

Qualifications

• 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 to salespeople and clients.
• Support risk management and trade execution across various power markets (e.g., PJM, MISO, NYISO, 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

Tools

Python

VBA

Job description

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

Houston, TX, United States

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 Tradingdesk makes markets in a variety of US power markets andworks 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

Job Info

• Job Identification 188452
• Job Category Analyst
• Posting Date 11/04/2026, 09:51 PM
• Locations Houston, TX, United States

Healthcare & Medical Services

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

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

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).

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.

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