Job details
- Job id
- 26117
- Location
- New York
- Full/Part Time
- Full-time
Job Summary & Responsibilities
• Responsible for the desk’s 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 firm’s 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 desk’s 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
Divisional Overview
Goldman Sachs’ Strats business unit is a world leader in developing quantitative and technological techniques to solve complex business problems. Working side by side with the firm’s trading, sales, banking and investment management professionals, members of the business unit use their mathematical and scientific training to create financial products, advise clients on transactions, measure risk and identify market opportunities. We are looking for a Desk Strategist to join the Strategies team in the Securities Division. The role of Desk Strategist is fairly unique to Goldman Sachs. It requires capabilities in modeling, software development, and quantitative marketing and structuring. Desk Strategists sit in the front office with Trading and Sales, exposing them to a dynamic and high-pressure environment.
Basic Qualifications
• 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
Preferred Qualifications
• Problem-solving and communication skills, ability to convey technical topics to a diverse audience• Initiative and ownership, track record in developing business agendas
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