Vice President, SEC4239235

Location(s) US-NY-New York
Job ID
2020-63492
Schedule Type
Full Time
Level
Vice President
Function(s)
Trading
Region
Americas
Division
Securities
Business Unit
Commodities
Employment Type
Employee

MORE ABOUT THIS JOB

Vice President with Goldman Sachs & Co. LLC in New York, New York.

 

Work Schedule: 40 hours per week (9:00 a.m. to 6:00 p.m.)

RESPONSIBILITIES AND QUALIFICATIONS

Duties: Vice President with Goldman Sachs & Co. LLC in New York, New York. Structuring, pricing and executing derivative and physical power transactions for the power and gas market to support client franchise activity around retail generation and power marketers. Managing price risk and profit and loss from market moves in power markets. Understanding power and gas market fundamentals and trends and working closely with origination team in sales to support client demand. Conducting in-depth market analysis related to Power industry trends and client trading activity. Modelling forward looking fundamentals of the power market to facilitate long-dated client transactions. Developing risk management strategies on as-generated wind and solar risks. Monitoring power generation and supply stack shifts to capitalize on synergies between the Texas natural gas and power business. Managing on-going commodity risks post-trade execution in an illiquid market with high franchise activity. Updating senior management on risks and profit and loss.

 

Job Requirements: Bachelor’s degree (US or foreign equivalent) in Finance, Economics, Mathematics, Engineering or a related field. Seven (7) years of experience in the job offered or a related role in power and gas markets. Prior experience must include five (5) years of experience with: Applying power and gas market fundamentals to structure, price and execute financial transactions; Performing data analysis using MS Excel and Bloomberg; Experience with Heat Rate Options, Hourly-Shaped deals, new Pricing, Risk and P/L sheets; Utilizing VBA Macros models to build models and automate processes on the desk; and Working with Exotic Option Structures and Swaps, specific to the Power Options Trading industry. Prior experience must include three (3) years of experience with: Managing price risk in Texas power and gas markets; Structuring, pricing and executing derivative and physical power transactions in Texas power markets; Modeling long-term fundamentals for power markets; and Structuring transactions in line with Electric Reliability Council of Texas (ERCOT). Prior experience must include two (2) years of experience with developing risk management strategies for wind and solar risks.

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



© The Goldman Sachs Group, Inc., 2020. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity