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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.
RESPONSIBILITIES AND QUALIFICATIONS COMMODITIES OIL & STRUCTURED FINANCE LOGISTICS Operations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm's assets and its reputatio
YOUR IMPACT We are looking for a professional and dynamic individual with a strong interest and background in Physical Commodities & Logistics. 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 meet business demands and facilitate new business growth with a key focus on clients, risk, control and efficiency.
OUR IMPACT Bulk Logistics is a high-value risk management team in Operations that is responsible for managing physical risks associated with the transportation and storage of physical inventory for the Commodities Business including Structured Finance. Logistics partner closely with Trading, Sales, other Operations teams, Legal and other key departments. We are seeking a professional who is looking to collaborate across the firm to manage and mitigate risks associated with the physical logistics supply chain - particularly in oil with an opportunity to expand into metals and other physical commodities.
HOW YOU WILL FULFIL YOUR POTENTIAL
Onboarding, execution and ongoing support for physical commodity financing transactions, particularly in oil & refined products - opportunities exist across Metals, Uranium and other Bulk physical commodities but primary focus will be in Oil & products
Responsibilities involve daily inventory and supply chain management including daily scheduling of inventory movements, Vessel vetting in line with internal policies & standards, transportation and title documentation review, inventory reconciliation and liaison with clients and operators
Daily interaction with traders, sales people and numerous control groups across operations, legal, compliance, tax, insurance, technology etc. to work toward the shared goal of risk mitigation and business facilitation.
Provide Logistics comments in a variety of areas including new trade ideas, system enhancements and contract language
Arrange for pre-execution due diligence and ongoing inspections of client or 3 rd party facilities including refineries, storage terminals, ports, pipelines, etc
Perform control assessments and present findings to internal risk/control groups on the quality/reliability of facility operations and adherence to EHS market standards.
Ensure contracts & confirmations accurately reflect terms agreed and identify discrepancies in legal documents & invoices
Participate in the ongoing development of the team processes and procedures in order to support this developing business
Collaborate as a proactive team player who takes ownership and accountability of projects, has strong organizational skills, and the ability to effectively manage competing priorities and expectations.
EXPERIENCE WE'RE LOOKING FOR
Extensive knowledge and experience in Oil, Products and Vessel Operations
Experience with Physical Inventory management and supply chain optimisation/planning
Cargo operations experience beneficial but not essential
Knowledge and understanding of commercial deal terms, title transfer documents and Incoterms
Familiarity with Financing agreements e.g. Master Sales and Purchase Agreements / Framework agreements
Experience coordinating across multiple stakeholders and executing large scale transactions
Proactive, self-starting individual with high levels of ownership of projects and contracts
Strong organizational skills & ability to effectively manage competing priorities
Proven technical and analytical skills, a control mentality with meticulous attention to detail
Strong focus on control issues, processes and procedures
Ability to learn quickly in a fast paced environment, able to work well under pressure in order to meet deadlines
Aptitude for building relationships both inside and outside of the firm and ability to communicate effectively with a wide array of people with varying product knowledge
PREFERRED SKILL SET
Excel Skills preferred but not essential
Strong understanding/interest in Physical Commodities Logistics & Vessel Operations
Communication & Presentation skills
ABOUT GOLDMAN SACHS 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