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Legal, Global Markets Legal, Prime Services Attorney, Vice President

Posted May 29
Full Time
HybridNew York, New York

JLEGAL
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.

The Prime Brokerage business provides a wide range of client services; including custody, clearing and settlement and financing solutions for clients. The Prime Brokerage business, as well as other parts of the Firm receive and provide funding in the form of securities financing transactions (e.g., repo, securities lending). These businesses require legal advice on the specific structure of these services, transactions and financing arrangements; legal expertise with respect to the use of various market infrastructure; work on legal questions related to a range of trading documentation; work on the legal aspects of new product development; implementation of strategic and regulatory change; and advice on all aspects of legal and reputational risk. The Prime & SFT Legal team work with a broad range of stakeholders, including the Prime business, multiple trading desks, Compliance, Risk, Controllers, and Operations.

RESPONSIBILITIES

  • Advising on all aspects of Prime Brokerage services; including bespoke margining and financing arrangements, custody, clearing and settlement.
  • Legal advice with respect to the use of and arrangements with execution, clearing and custody / settlement market infrastructure; such as CCPs, trading venues, custodians, central securities depositories, intermediate brokers.
  • Giving strategic advice to Prime leadership on a range of reputational and regulatory issues; in particular advising internal Business, Funding, and Risk groups on potential regulatory change and broader financial industry developments.
  • Advising on structuring and documentation of cash and securities lending as well as related security arrangements.
  • Assisting with the negotiation and drafting of transactional documents, including coordination with internal negotiation teams and management of external counsel.
  • Advising on the implementation of and ongoing compliance with key relevant regulations and associated obligations.

SKILLS, EXPERIENCE AND QUALIFICATIONS

  • 5+ years of legal experience post law school.
  • Ability to apply legal concepts to complex prime brokerage and trading scenarios and explain them in an understandable way.
  • Excellent communication skills, both oral and written.
  • Dynamic approach, with an intellectual curiosity that will enable you to develop within the role and effectively identify legal issues and/or risk.
  • Team oriented, with the ability to work within a collegiate environment with multiple stakeholders across different locations.
  • Ability to prioritize work effectively, be pro-active in a challenging business environment and to respond to client demands in a timely manner.

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

© The Goldman Sachs Group, Inc., 2024. All rights reserved.
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 $170000-$270000. 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 .