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Global Banking & Markets, Commodities Sales - Industrials Sales Focus, Associate - New York

Goldman Sachs

Global Banking & Markets, Commodities Sales - Industrials Sales Focus, Associate - New York

Goldman Sachs

New York, New York, United States

·

On-site

·

Full-time

·

5d ago

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.

THE TEAM

The Commodities Industrials Sales desk works with a range of corporate clients across the Americas primarily focused on metals and energy products. Team members help strengthen client relationships across the corporate franchise by partnering with Trading, Strats, Federation members, as well as other internal GS Sales teams. On a day-to-day basis, team members will be expected to deliver exceptional client relationship management, stay connected with market events across commodity markets, and work with the wider team to support and build the overall business.

Job Summary & Responsibilities

  • Supporting senior sales coverage with structuring, pricing and executing both physical and derivative transactions with existing clients
  • Executing and booking of flow-based trades across commodity products; identifying opportunities for automating execution
  • Understanding commodities market fundamentals and trends and communicating information succinctly to clients
  • Producing commentary ranging from a variety of client e-mails to weekly and monthly strategy performance updates
  • Collecting, managing, and analyzing data related to industry trends and client trading activity
  • Supporting syndication efforts by working with trading and other sales teams to identify opportunities in offsetting risk management
  • Interacting with Credit, Legal and Operations teams internally to help enhance client experience and seamless trade execution
  • Helping build new client relationships by working with internal teams as well as completing prospecting exercises to expand the business

MINIMUM EDUCATION REQUIREMENTS/DEGREE AND FIELD:

  • Strong academic record with minimum Bachelor’s degree in Finance, Economics or a related discipline
  • Strong quantitative, analytical and problem-solving ability
  • Ability to multi-task, manage competing priorities and work well under pressure
  • Excellent written and verbal communication skills, strong interpersonal skills
  • 2-4 years of experience in the job offered or in a related role.

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.

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About Goldman Sachs

Goldman Sachs

Goldman Sachs is a multinational investment bank and financial services company providing investment banking, securities, and investment management services. The firm serves corporations, financial institutions, governments, and individuals worldwide.

45,000+

Employees

Lower Manhattan

Headquarters

Reviews

2.6

10 reviews

Work Life Balance

1.8

Compensation

4.2

Culture

2.1

Career

2.9

Management

2.0

25%

Recommend to a Friend

Pros

High compensation and competitive salaries

Talented coworkers and good teamwork

Prestigious work environment

Cons

Poor work-life balance and long hours (70+ weekly)

Toxic and cutthroat competitive culture

High stress and burnout risk

Salary Ranges

21,066 data points

Junior/L3

Junior/L3 · Operations Analyst

739 reports

$85,281

total / year

Base

$78,910

Stock

-

Bonus

$6,371

$63,253

$116,211

Interview Experience

5 interviews

Difficulty

3.0

/ 5

Duration

21-35 weeks

Experience

Positive 0%

Neutral 60%

Negative 40%

Interview Process

1

Application Review

2

Phone Screen/HireVue Video Interview

3

Superday/Panel Interview

4

Final Decision

Common Questions

Behavioral/STAR

Technical Knowledge

Culture Fit

Past Experience

Case Study