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Operations - Securities Division Operations - Commodities Operations - Physical Commodities Ops - Associate - New York
Goldman Sachs USA
October 12, 2018
New York, New York
MORE ABOUT THIS JOB OPERATIONS Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
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 The Physical Commodities Ops team is responsible for the operational support of the physical commodities business in the 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
RESPONSIBILITIES AND QUALIFICATIONS
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
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
SKILLS & EXPERIENCE WE'RE LOOKING FOR Basic Qualifications
Bachelor's degree with minimum 2 years of experience in an operations support role
Technical & Analytical Focus with attention to detail
Proactive, self-starting individual with high levels of ownership
Ability to work well under pressure and meet deadlines
Demonstrate Risk & Control Focus
Strong time management skills and ability to work well under pressure and with competing tasks
Advanced Excel Skills preferred
Strong understanding of Commodities
Communication & Presentation skills
ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.