Global Banking & Markets - Public - Power Trading - Analyst - Houston

Goldman Sachs • Houston, TX

1d

About The Position

The Houston Power Trading desk is seeking a highly motivated recent graduate or first-year analyst to join Goldman Sachs’ Commodities business within Global Banking & Markets. The desk makes markets in a variety of U.S. power markets and works with corporate clients primarily located across North America. Team members price and execute derivatives transactions, stay informed about events across commodity markets, and work with the broader team to support and build the business.

Goldman Sachs’ Global Markets business serves institutional clients, including corporations, financial service providers, and fund managers, by helping them trade financial products, raise funding, and manage risk. Its commodities business, active since 1981, offers services across derivatives risk management and advisory, physical trading and logistics, and structured finance.

Requirements

• Bachelor’s degree or expected graduation from an undergraduate or graduate program.
• Demonstrated interest in commodities, financial markets, trading, energy, macroeconomics, or risk management.
• Strong analytical, quantitative, and problem-solving skills.

Nice To Haves

• Proficiency in Python and VBA (preferred but not required).

Responsibilities

• Support daily trading and market-making activity across commodity products.
• Develop knowledge of commodities market fundamentals and trends, and communicate information succinctly to salespeople and clients.
• Support risk management and trade execution across power markets, notably PJM, MISO, NYISO, and NEPOOL.
• Manage cash and short-term trading position risk.
• Execute and book flow-based and structured trades across power markets.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level