Operations Specialist - SEC4400079

Location(s) US-NY-New York
Job ID
2020-64098
Schedule Type
Full Time
Level
Associate
Function(s)
Operations
Region
Americas
Division
Global Markets
Business Unit
Commodities Operations
Employment Type
Employee

MORE ABOUT THIS JOB

Operations Specialist with Goldman Sachs & Co. LLC in New York, NY.

 

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

RESPONSIBILITIES AND QUALIFICATIONS

Duties: Operations Specialist with Goldman Sachs & Co. LLC in New York, NY. Rely on knowledge of internally developed processes and procedures relating to trades executed in physical commodities in order to assess the validity of complex information entered in the Firm’s proprietary risk systems and work with Sales, Trading, Legal, and other internal teams to ensure accuracy. Support the creation and review of bespoke physical commodities contracts on a daily basis across multiple products including Natural Gas, Base Metals, Electricity, and Oil. Ensure trade economics are properly captured on the legal document(s) necessary to execute the trade, and that trade economics details match precisely between said document(s) and SecDb, the Firm’s internal risk system. Perform several essential functions for the team, including risk management, automation, model preparation, and commodities trade assessment. Evaluate the settlement amount of trades, prepare models that reflect expected payments in Excel, and compare results of the trade economics produced by SecDb to ensure accuracy of risk bookings. Must be willing to work with internal proprietary software and technologies, but no prior knowledge required.

 

Job Requirements: Bachelor’s degree (U.S. or equivalent) in Finance, Business Administration or an Engineering discipline. Four (4) years of experience in the job offered or in a related financial services operations position. Must include four (4) years of experience with: Utilize operations tools and technologies specifically developed for financial services firm operations; Knowledge of trade booking reviews; Utilize product-specific knowledge to build Excel Models; Subject-matter expertise in validating trade information (including asset class- and region-specific trade information), streamlining essential reporting, and knowledge sharing; and Identify process flaws and propose solutions to maximize efficiency. Must have experience with: Application of subject matter expertise across physical commodities products trading and financing, including natural gas, base metals, electricity and oil; and Utilizing advanced understanding of Natural Gas Tariffs and FERC (Federal Energy Regulatory Commission) filings, deadlines, and electricity scheduling windows.

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



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Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity