Commodities Desk Strat
Goldman Sachs has been engaged in the commodities business since 1981 and is one of the leading players in the commodities markets across a wide variety of financial and physical products. It operates a fully integrated global commodities business that is able to offer services to clients spanning derivatives risk management and advisory, physical trading and logistics and structured finance products.
YOUR IMPACT
The team is open to engineers of all levels! You'll be part of a diverse and talented team, applying your advanced scientific training to solve new and exciting problems within our Commodities business.
OUR IMPACT
Quantitative strategists are at the cutting edge of our business, solving real-world problems through a variety of analytical methods. Working in close collaboration with traders and salespeople, their invaluable quantitative perspectives on complex financial and technical challenges power our business decisions.
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Within Commodities, our team is responsible for utilizing modern and sophisticated quantitative techniques to enhance and further develop our derivatives market making capabilities. This includes traditional derivatives pricing and modelling, as well as automation of our quoting, hedging and risk management activities.
Job Summary and Responsibilities:
- Responsible for the desks pricing, profit/loss, returns, and risk calculations across the North American commodities markets: Power, Gas, Crude, Products, Metals
- Implement and extend pricing models using the firms in-house programming language and database in response to client demand, including derivative exotics, storage, transport, and tolls Implement and calibrate commodity-specific market and volatility models under changing market dynamics, including heat rates, gas basis, and crude grades
- Proactively identify and quantify risks associated with the desks positions
- Propose risk-management strategies and structures
- Develop robust infrastructure to enable responsive, iterative analysis
- Identify and advocate for new business opportunities and necessary infrastructure
Who We Look For
An ideal candidate would have strong a strong technical background and problem solving skills, drive to investigate and learn new ideas, and the judgement to deliver quick yet robust solutions.
Basic Qualifications
- Bachelors/MS or PhD in a quantitative field - Engineering, Computer Science, Applied Mathematics, Physics.
- Strong programming background in an object oriented language
- Excellent written and verbal communication skills.
- Ability to work in a high-pressure environment and deliver accurate results quickly.
- Ability to solve problems and to explain the ideas that underlie them.
- Interest/familiarity with financial modelling
Preferred Qualifications
- Experience working with real-time systems
- Knowledge of fixed income financial markets / basic financial modelling
- Academic background in a technical field: Computer Science, Physics or natural sciences, Pure or Applied Mathematics, or Statistics
- Development background in a structured language (C, C++, Java, Python, etc.)
- Mathematical knowledge calculus, probability, statistics
- Knowledge of Commodities markets and products
- Commercial focus, team-oriented, self-motivated
- Experience working on a trading desk or similar fast-paced, open environment
- Problem-solving and communication skills, ability to convey technical topics to a diverse audience
- Initiative and ownership, track record in developing business agendas
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
Salary Range
The expected base salary for this New York, New York, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.