Global Investment Research, Commodities Research Associate, Refined Oil Products

The Goldman Sachs Group; New York, Cary (NY, NC); On-site; USD 150,000 - 225,000; Full time

Job summary

An established industry player seeks a dynamic Associate for their Commodities research team. This role focuses on providing forecasts for refined oil product prices and analyzing market dynamics. You will engage in original research, build forecasting models, and convey insights to clients and trading desks. The ideal candidate will possess a strong analytical background and experience in oil markets. Join a team that values creativity, curiosity, and collaboration, and make a significant impact in the financial markets.

Benefits

Health Insurance

Retirement Plans

Wellness Programs

Training and Development Opportunities

Diversity and Inclusion Initiatives

Qualifications

• 2+ years in oil and refined products research.
• Strong quantitative and analytical background.

Responsibilities

• Research and model oil market dynamics.
• Build supply and demand balances for refined oil products.

Skills

Quantitative Analysis

Analytical Skills

Research Skills

Communication Skills

Python

Julia

R

Education

Bachelor's in Economics

Master's in Economics

Engineering Degree

Computer Science Degree

Tools

Python

Julia

R

Job description

GLOBAL INVESTMENT RESEARCH

From macroeconomic forecasts to individual stock analysis, our team develops tools and insights to help shape investment strategies for clients and the firm. Our analysts work on client-focused research in the equity, fixed-income, currency, and commodities markets, mining big data that enters markets around the world each day to identify game-changing insights. You'll be part of a team that is intellectually curious, creative, analytical, and passionate about performing market research.

Global Investment Research (GIR) provides investment recommendations by generating fundamental research and analysis of companies, industries, markets and economies. GIR analysts, economists and strategists help our clients achieve superior returns through our creative, differentiated investment insights and ideas. Our clients include mutual funds, hedge funds and pension funds, among others.

JOB SUMMARY AND RESPONSIBILITIES

The Macro Research team focuses on the intersection between economics and financial markets across a wide class of assets including equities, fixed income/credit, currencies, and commodities.

Associate in the Commodities research team within GIR's Macro Research group working to provide forecasts/outlook for refined oil products prices, supply, and demand.

• Research, model, and write reports on oil market dynamics and developments with a particular focus on refined oil products trends and oil products investment and hedging strategy


• Build supply and demand balances for refined oil products through 2030


• Build out and maintain forecasting models


• Convey analysis and market views to sales and trading desks, and clients (both investors and corporates)


• Initiate and execute original research

QUALIFICATIONS

• Bachelor's (Master's preferred) in economics, engineering, or computer science with experience in oil markets and refined products research


• 2+ years of relevant work experience in oil and refined products research working either within an investment bank, refiner, oil major, energy consultancy, trading house, or hedge fund providing market views, forecasts, and recommendations or investment strategies


• Strong quantitative and analytical background


• An enthusiastic researcher/model builder


• Strong interpersonal and communication (written and verbal) skills and ability to interact with global stakeholders


• Ability to work in a team-based environment and adapt to a dynamic and changing organization

PREFERRED QUALIFICATIONS

• Experience contributing towards research with economic analysis of oil and refined oil product markets


• 1+ years Python, Julia, or R.


• Experience monitoring market developments, understanding market-moving supply and demand events, and writing daily market commentary on price drivers as well as factual reporting of data releases


• Experience applying economic theory to commodity markets, such as shifts in supply and demand curves and marginal price implications

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

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, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

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

The Goldman Sachs Group, Inc., 2023. 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, veterans status, disability, or any other characteristic protected by applicable law.

Salary Range

The expected base salary for this New York, New York, United States-based position is $150000-$225000. 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.