Goldman Sachs Bank AG
Legal, Netting and Securities Financing Attorney, Vice President, New York/Dalla
Goldman Sachs Bank AG, Dallas, Texas, United States, 75215
Legal, Netting and Securities Financing Attorney, Vice President, New York/Dallas location_on Dallas, Texas, United States
LEGAL 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 Legal Division is looking for an attorney to serve as the primary advisor in the Americas on netting and collateral enforceability across financial products traded in the Global Banking & Markets Division, as well as to serve as coverage attorney for the GS Select business (which provides securities-based lines of credit to clients of registered investment advisors). The role is within the Prime Services and Securities Financing Transactions Legal team, which is part of Equities Legal within the broader Global Banking & Markets Legal team. The role will be based in Dallas or New York.
RESPONSIBILITIES
Determining the Firm's netting and collateral rights in the event of a counterparty default across various transaction and agreement types. This includes reviewing netting and collateral enforceability opinions and working with external counsel and industry groups, as appropriate, to get additional guidance.
Working with various stakeholders across the Firm (including Risk, Controllers, Trading Desks, Operations, and Engineering) to address open questions and issues and apply the legal conclusions to live or potential exposures.
Advising on all aspects of the GS Select business, including the loan agreements, the agreements with intermediaries, as well as live client-service issues.
Giving strategic advice to the GS Select business on new products and developments.
Advising on the implementation of and ongoing compliance with key relevant regulations and associated obligations.
SKILLS, EXPERIENCE AND QUALIFICATIONS
4+ years of relevant legal experience post law school.
Familiarity with relevant commercial law (e.g., Article 9 of the UCC), as well as relevant insolvency laws (including the qualified financial contract safe harbors in the Bankruptcy Code, the Securities Investor Protection Act, Party 190 of the Bankruptcy Code, the Federal Deposit Insurance Act, and the Orderly Liquidation Authority of Dodd‑Frank).
Familiarity with secured lending and account control agreements.
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 proactive 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
SALARY RANGE The expected base salary for this New York, New York, United States-based position is $170,000-$270,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
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.
HEALTHCARE & MEDICAL INSURANCE We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
FINANCIAL WELLNESS & RETIREMENT We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
HEALTH SERVICES We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state‑of‑the‑art on‑site health centers in certain offices.
FITNESS To encourage employees to live a healthy and active lifestyle, some of our offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).
CHILD CARE & FAMILY CARE We offer on‑site child care centers that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
BENEFITS AT GOLDMAN SACHS Read more about the full suite of class‑leading benefits our firm has to offer.
#J-18808-Ljbffr
LEGAL 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 Legal Division is looking for an attorney to serve as the primary advisor in the Americas on netting and collateral enforceability across financial products traded in the Global Banking & Markets Division, as well as to serve as coverage attorney for the GS Select business (which provides securities-based lines of credit to clients of registered investment advisors). The role is within the Prime Services and Securities Financing Transactions Legal team, which is part of Equities Legal within the broader Global Banking & Markets Legal team. The role will be based in Dallas or New York.
RESPONSIBILITIES
Determining the Firm's netting and collateral rights in the event of a counterparty default across various transaction and agreement types. This includes reviewing netting and collateral enforceability opinions and working with external counsel and industry groups, as appropriate, to get additional guidance.
Working with various stakeholders across the Firm (including Risk, Controllers, Trading Desks, Operations, and Engineering) to address open questions and issues and apply the legal conclusions to live or potential exposures.
Advising on all aspects of the GS Select business, including the loan agreements, the agreements with intermediaries, as well as live client-service issues.
Giving strategic advice to the GS Select business on new products and developments.
Advising on the implementation of and ongoing compliance with key relevant regulations and associated obligations.
SKILLS, EXPERIENCE AND QUALIFICATIONS
4+ years of relevant legal experience post law school.
Familiarity with relevant commercial law (e.g., Article 9 of the UCC), as well as relevant insolvency laws (including the qualified financial contract safe harbors in the Bankruptcy Code, the Securities Investor Protection Act, Party 190 of the Bankruptcy Code, the Federal Deposit Insurance Act, and the Orderly Liquidation Authority of Dodd‑Frank).
Familiarity with secured lending and account control agreements.
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 proactive 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
SALARY RANGE The expected base salary for this New York, New York, United States-based position is $170,000-$270,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
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.
HEALTHCARE & MEDICAL INSURANCE We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
FINANCIAL WELLNESS & RETIREMENT We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
HEALTH SERVICES We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state‑of‑the‑art on‑site health centers in certain offices.
FITNESS To encourage employees to live a healthy and active lifestyle, some of our offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).
CHILD CARE & FAMILY CARE We offer on‑site child care centers that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
BENEFITS AT GOLDMAN SACHS Read more about the full suite of class‑leading benefits our firm has to offer.
#J-18808-Ljbffr