Legal, GBM Prime Services & Securities Financing Transactions Attorney, Senior Legal Director/Managing Director
Location: New York, New York, United States
Opportunity Overview
CORPORATE TITLE: Extended Managing Director
OFFICE LOCATION(S): New York
JOB FUNCTION: Business Unit Legal
DIVISION: Legal
SALARY RANGE: USD 300,000 - 400,000
We work at the intersection of finance and law, providing counsel and advice that support activities across the firm. We handle litigation and arbitration, perform research and due diligence, aid in financing and legal filings, deal with contracts and intellectual property rights that show our commitment to clients, shareholders, and regulators. Whether you’re an experienced attorney or a quick learner with a strong interest in financial law coupled with critical thinking skills, our dynamic group might be right for you.
Your Role:
You will be a member of Global Markets Legal at a bulge bracket investment bank. You will work with your colleagues to address a broad and diverse range of legal and regulatory questions and issues that arise in connection with Goldman’s Prime Services businesses and associated business functions in the U.S. In this role, you will be on the frontlines serving as a trusted advisor to the business and control-side colleagues and will have exposure to all aspects of a dynamic business. You will also play an important role in helping the firm navigate the evolving regulatory landscape and market structures.
Your Responsibilities:
- Provide legal and regulatory advice to key stakeholders in the Prime Services businesses pertaining to prime brokerage, margin lending, securities lending, repurchase transactions, and other forms of securities financing transactions.
- Serve as primary legal advisor in connection with development of new businesses, services and products and partner with key stakeholders to help understand and manage the potential legal and regulatory risks.
- Assist in advocacy on a broad range of regulatory rulemaking from various oversight agencies including the Securities and Exchange Commission, Financial Industry Regulatory Authority (“FINRA”). Also assist in advocacy in connection with legislative rulemaking and policies.
- Collaborate with other control-side teams, including compliance, risk management, controllers, operations and engineering to address relevant legal and regulatory requirements and developing policies and best practices.
- Assist legal and compliance teams in managing litigation and regulatory matters, internal and external audits and examinations.
Qualifications and Attributes:
- Strong sense of ownership and responsibility; thoughtful and detail-oriented.
- Self-starter; capable of building and leveraging an internal network of resources and support.
- Strong legal and business judgment, communication, writing and analytical skills.
- 10+ years of relevant experience working with or at a financial institution, including relevant experience at a law firm, is preferred.
- Knowledge of the U.S. margin regulation, secured creditor laws, and customer protection statutes, such as Regulation T, Regulation U and Regulation X, Rule 15c3-3, Rule 8c-1, UCC Articles 8 and 9, as well as the Bankruptcy Code safe harbors.
- J.D. or comparable law degree from a competitive law school and licensed to practice law in at least one state.
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. Learn more about our culture, benefits, and people at GS.com/careers.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity.
Salary Range:
The expected base salary for this New York, New York, United States-based position is $300000-$400000. 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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