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

Marcus; Houston (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

Goldman Sachs in Houston seeks a Power Trading Analyst to join its Commodities desk within Global Markets. You will support daily trading, price derivatives, and build the business with corporate clients across North America.

The role involves pricing, market monitoring, and collaboration with the sales and risk teams on PJM, MISO, NYISO, and NEPOOL markets. A strong interest in energy, markets, and risk management is essential.

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 thinking

Quantitative skills

Problem solving

Python

VBA

Education

Bachelor's degree or expected graduation

Tools

Python

VBA

Job description

Global Banking & Markets - Public - Power Trading - Analyst - Houston location_on Houston, TX, United States

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

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.