Global Banking & Markets, Commodities, Base Metal, Precious Metal or Oil Logistics, Associate, [...] in London

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.

Job Description:

Commodities, Metals and Oil Logistics. Operations 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.

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.

My Responsibilities:

• Onboarding, execution and ongoing support for physical metals and oil commodity transactions.
• Responsible for 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 third‐party storage facilities.
• Ensure contracts & confirmations accurately reflect terms agreed and identify discrepancies in legal documents & invoices.
• Participate in the ongoing development of 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.

Experience We’re Looking For:

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, work well under pressure to meet deadlines.
• Aptitude for building relationships both inside and outside 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.
• Communication & presentation skills.

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 firm‐wide 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.