Operations - Securities Division Operations - FICC Ops - Commodities Operations - Power/Renewables - Analyst - New York

Goldman Sachs - New York, NY4.0

Full-time
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.

OUR IMPACT

Commodities Operations is responsible for ensuring efficient and accurate transaction processing across a broad range of products. Generally, the products supported are complex instruments that require close alignment with the business. A key focus for the organization is establishing strong risk management procedures and controls to ensure the firm and our clients are properly protected. Commodities Operations is at the forefront of shaping and driving change in the industry with the ultimate aim of delivering greater accuracy, control and efficiency for our clients and our business.

The Commodities Business Development team is responsible for managing the physical aspects of our US Power, Renewables and Carbon business. In addition to its core physical scheduling role, the team also manages the firm’s physical assets and inventories and coordinates projects to facilitate access to new markets and products.

The team is responsible for timely & accurate submission of nomination and notification data to the respective System/Market Operators, ensuring the information held by each, reflects our physical positions. Additionally, the team maintains a close relationship with our traders and sales teams, providing support to optimize the commercial opportunities. As our business grows so does our involvement in new procedures, processes and IT systems, required to ensure a high level of control and risk management is maintained.

The Commodities Business Development team works closely with other members of the Operations teams, Sales & Trading and Legal and many other areas, including Controllers, Technology, Tax & Credit. Externally, the group maintains relationships with Market & System

Operators, Trading Counterparts and Industry Associations.

As a member of the Commodities Business Development Team, the successful applicant will be expected to gain a broad knowledge of all our markets and eventually take responsibility for developing the Business as we enter new markets and trade new products.

RESPONSIBILITIES AND QUALIFICATIONS
SKILLS & EXPERIENCE WE’RE LOOKING FOR

To ensure we are in compliance with all regulatory requirements in the US Power business
Create and maintain vendor oversight procedures
Oversight and relationship management with outsourced vendor
Contract negotiation and review
GS liaison with vendor/s for operational support of new business
Nominating power, renewables and carbon positions to relevant Market/System Operators
Ensuring counterparty and Operator submitted data reflects our trading positions
Providing Traders & Sales Teams with timely and accurate market data
Participate in ongoing development of the procedures & processes in order to support the business
Project Management to facilitate trading in new markets and products including external interfaces and internal IT system enhancements
Interfacing with Legal, Compliance, Credit, IT, Tax & relevant external bodies
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.

© The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.