Legal, Deposits and Electronic Payments Attorney, Vice President, New York City/Washington, DC

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 Bank Regulatory and Deposits Legal team seeks an experienced attorney to be based in the firm’s New York or Washington, D.C. office to support Goldman Sachs’s U.S. deposit and electronic payments businesses. Bank Regulatory and Deposits Legal advises the firm globally from a U.S. bank regulatory perspective and provides legal, regulatory, reputational and transactional support to our consumer deposit businesses.

The attorney will advise on all aspects of legal and regulatory matters regarding consumer deposits and electronic payments, including performing research on complex issues across multiple businesses and products; reviewing product designs and providing strategic input; drafting agreements, disclosures, and documentation; coordinating with business, legal and compliance colleagues on policies, procedures, controls, and assessments; supporting relationships with vendors and other key third-parties; engaging external counsel; and providing general legal support to functions throughout Goldman Sachs.

The attorney will be a trusted advisor to our deposit and payments businesses and other Legal, Compliance & Risk colleagues globally, and is expected to forge substantive relationships throughout the firm as well as externally to support the growth of the deposits platform and electronic payments activities.

Responsibilities

Advising business, legal, compliance and other stakeholders throughout Goldman Sachs on legal and regulatory matters regarding U.S. consumer deposits electronic payments, digital interfaces, and related products, services, and controls

Providing comprehensive legal, regulatory, contractual, and transactional support to Goldman Sachs’s U.S. deposit-taking businesses on new and existing products and services

Supporting management of the firm’s U.S. bank subsidiary in understanding and meeting legal, regulatory, contractual, payment system, and related obligations

Drafting, reviewing, coordinating, and maintaining agreements, disclosures, and documentation for deposit and electronic payment products across the firm’s U.S. businesses

Monitoring legal, regulatory, and market developments, including participating in advocacy on proposed rules through engagement with internal stakeholders and external trade associations

Working with businesses, compliance, risk management, and other support functions to develop, review, and maintain policies, procedures, and controls

Coordinating with Legal counterparts throughout Goldman Sachs on identification, implementation, and change management of legal and regulatory requirements involving deposit accounts and electronic payments

Support cross-enterprise initiatives and projects

Qualifications

• •Juris Doctor (J.D.) and active admission to practice law in at least one U.S. jurisdiction and able to serve as in-house counsel in Goldman Sachs’s New York or Washington, D.C. office
• •5+ years of experience at a law firm or in-house at a financial institution providing legal advice and support regarding U.S. deposit or electronic payment products and services
• •Legal expertise in U.S. deposit and electronic payments law and regulation, including Regulation E (EFTA), Regulation DD (Truth in Savings), Regulation CC (Funds Availability), FDIC law and regulations, and UDAAP standards

Experience advising on electronic payment systems (Nacha, wire transfer, RTP, card networks, and/or emerging payment systems) and associated billing and transaction disputes

Ability to work proactively and independently, collaborate effectively with stakeholders throughout the firm, including senior leadership, work well in high-pressure situations, juggle priorities, and manage external counsel

Ability to translate highly technical and complex statutory requirements into clear, actionable advice for technology, operations, and business stakeholders

Excellent judgment, a solution-oriented mindset, and the ability to assess and pragmatically advise on risk

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., 2023. All rights reserved.

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.

Salary Range

The expected base salary for this New York, NY, 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 .