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- Tasks: Join our logistics team to manage physical metals and oil transactions.
- Company: Goldman Sachs, a leading global investment banking firm.
- Benefits: Competitive salary, health insurance, generous vacation, and wellness programs.
- Why this job: Make an impact in a fast-paced environment while collaborating with diverse teams.
- Qualifications: Experience in Base Metals, Precious Metals or Oil logistics preferred.
- Other info: Opportunities for professional growth and a dynamic work culture.
The predicted salary is between 36000 - 60000 £ per year.
Global Banking & Markets, Commodities, Base Metal, Precious Metal or Oil Logistics, Associate, London, Greater London, England, United Kingdom
COMMODITIES METALS AND OIL LOGISTICS Operations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation.
Your Impact
We are looking for a professional and dynamic individual with physical Base Metal, Precious Metal or Oil Logistics experience to join our logistics team who cover a range of products including Metals and Oil. The ideal candidate would be able to operate effectively in a challenging and fast-paced environment, partner with the Business and other core support areas in order to meet business demands and facilitate new business growth with a key focus on clients, risk, control and efficiency.
Our Impact
Metal and Oil Logistics is a high-value risk management team in Operations that is responsible for managing physical risks associated with the transportation and storage of physical inventory for the Commodities Business including Structured Finance. Logistics partners closely with Trading, Sales, other Operations teams, Legal and other key departments. We are seeking a professional who is looking to collaborate across the firm to manage and mitigate risks associated with the physical logistics supply chain - particularly in metals or oil with an opportunity to expand into other physical commodities as new commercial opportunities arise.
How You Will Fulfil Your Potential
- Onboarding, execution and ongoing support for physical metals and oil commodity transactions.
- Responsibilities involve daily inventory and supply chain management including liaising with trading and sales on potential transactions, daily scheduling of inventory movements, Vessel vetting in line with internal policies & standards, transportation and title documentation review, inventory reconciliation and liaison with clients and operators.
- Daily interaction with traders, sales people and numerous control groups across operations, legal, compliance, tax, insurance, technology etc. to work toward the shared goal of risk mitigation and business facilitation.
- Provide Logistics comments in a variety of areas including new trade ideas, system enhancements and contract language.
- Arrange for pre-execution due diligence and ongoing inspections of client or 3rd party storage facilities.
- Ensure contracts & confirmations accurately reflect terms agreed and identify discrepancies in legal documents & invoices.
- Participate in the ongoing development of the team processes and procedures in order to support this developing business.
- Collaborate as a proactive team player who takes ownership and accountability of projects, has strong organizational skills, and the ability to effectively manage competing priorities and expectations.
Preferred Qualifications
- Extensive knowledge and experience in Base Metals, Precious Metals or Oil logistics.
- Experience with Physical Inventory management and supply chain optimisation/planning.
- Cargo operations experience beneficial but not essential.
- Knowledge and understanding of commercial deal terms, title transfer documents and Incoterms.
- Experience coordinating across multiple stakeholders and executing large scale transactions.
- Proactive, self-starting individual with high levels of ownership of projects and contracts.
- Strong organizational skills & ability to effectively manage competing priorities.
- Proven technical and analytical skills, a control mentality with meticulous attention to detail.
- Strong focus on control issues, processes and procedures.
- Ability to learn quickly in a fast paced environment, able to work well under pressure in order to meet deadlines.
- Aptitude for building relationships both inside and outside of the firm and ability to communicate effectively with a wide array of people with varying product knowledge.
Preferred Skillset
- Python skills preferred but not essential.
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.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
Physical Delivery employer: Goldman Sachs Bank AG
Contact Detail:
Goldman Sachs Bank AG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Physical Delivery
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to folks on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Ace the Interview
Prepare for your interviews by researching the company and the role inside out. Practice common interview questions and think about how your experience in logistics can solve their problems. Confidence is key!
✨Showcase Your Skills
When you get the chance, highlight your experience with physical inventory management and risk control. Use specific examples from your past roles to demonstrate how you’ve successfully navigated challenges in logistics.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Goldman Sachs.
We think you need these skills to ace Physical Delivery
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role you're applying for. Highlight your experience in Base Metals, Precious Metals, or Oil logistics, and showcase any relevant skills that align with the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don’t forget to mention your ability to work under pressure and manage competing priorities, as these are key in our fast-paced environment.
Showcase Your Team Spirit: We love team players! In your application, highlight experiences where you've collaborated with others to achieve a common goal. Whether it's working with traders, sales teams, or other departments, let us know how you’ve contributed to successful outcomes.
Apply Through Our Website: Ready to take the plunge? Make sure to apply through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people. We can’t wait to hear from you!
How to prepare for a job interview at Goldman Sachs Bank AG
✨Know Your Commodities
Make sure you brush up on your knowledge of Base Metals, Precious Metals, and Oil logistics. Understand the key terms, processes, and current market trends. This will not only help you answer questions confidently but also show your genuine interest in the role.
✨Showcase Your Experience
Prepare to discuss your previous experience in physical inventory management and supply chain optimisation. Be ready with specific examples of how you've successfully managed logistics operations or mitigated risks in past roles. This will demonstrate your capability to handle the responsibilities of the position.
✨Communicate Effectively
Since this role involves liaising with various stakeholders, practice articulating your thoughts clearly and concisely. Use examples that highlight your ability to build relationships and collaborate across teams. Good communication skills are essential in a fast-paced environment like this.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills and ability to work under pressure. Think about potential challenges in logistics and how you would address them. This will showcase your analytical skills and control mentality, which are crucial for the role.
