Legal, Digital Finance Lawyer, Associate

Location(s) UK-London
Job ID
2020-61922
Schedule Type
Full Time
Level
Associate
Function(s)
General
Region
EMEA
Division
Legal
Business Unit
Firmwide Legal
Employment Type
Employee

MORE ABOUT THIS JOB

THE LEGAL DEPARTMENT

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.

 

OUR DEPARTMENT CULTURE

As a department we are focused on our people and their development and are committed to creating an environment that is diverse and inclusive. We offer numerous training and career development opportunities including a weekly legal training programme, department mentoring schemes and a people development committee tasked with providing tangible tools to help manage and develop careers. The department also has a number of active and varied committees including the Diversity, Pro Bono, Charity and Social Committees and encourages participation in the Women’s, Black and LGBT firmwide affinity networks. 

RESPONSIBILITIES AND QUALIFICATIONS

DIVISION UNIT OVERVIEW

 

The EMEA Digital Finance Legal group in London provides legal support to Goldman Sachs International, Goldman Sachs International Bank and The Goldman Sachs Group, Inc. (the “firm”), in particular we advise the firm in its (i) digital financing activities, investment and funding products and services, including retail and institutional deposit taking, (ii) expansion of its digital banking products and services, including Marcus UK and Transaction Banking and (iii) implementation of new regulations and regulatory initiatives, for example with respect to new and revised consumer laws, laws governing payments and credit, investor protection and product governance. 

 

ROLE OVERVIEW

 

Experienced banking lawyer in consumer products and markets to join the firm’s EMEA Digital Finance Legal group based in London.  The ideal candidate will have additional experience and expertise in online banking platforms and services, payments and other consumer and retail investor products and platforms.  The successful candidate will: 

 

  • Analyze and advise on regulatory matters relating to consumer finance businesses, including to address the applicable regulatory requirements and risks associated with deposit taking and other digitally offered consumer financial products
  • Providing legal advice on business governance, new product development and implementation, vendor oversight and vendor governance, regulatory compliance of customer journeys and terms, customer servicing and communications
  • Advising on all regulatory matters relevant to the businesses, including PDS2 and BCOBS rules, outsourcing requirements and FSCS reporting; 
  • Advising on marketing, operations resiliency and related risks, technology and operations incidents, regulatory notifications and other interactions with regulators, complaints and FOS proceedings;
  • Liaise and coordinate with other relevant groups throughout the firm, including consumer & privacy compliance, controllers (including regulatory controllers), trading, product origination, marketing, operations, business and organizational leadership and tax; and
  • Have responsibility for relationships with multiple external counsels and multiple internal stakeholders.

BASIC QUALIFICATIONS

  • Minimum 6-18 months post qualification experience in a law firm or financial institution’s legal department required;
  • UK or other EU qualified lawyer required;
  • Experience gained in-house or in private practice at a leading UK or US law firm involved in consumer banking, corporate finance and consumer/investor protection;
  • Experience in dealing with cross-border analysis and transactions;
  • Strong analytical and organizational skills;
  • Excellent interpersonal and communication skills and the proven desire to work on a high-performing team;
  • Strong team player – one who is able to prioritize in a fast moving, constantly changing environment;
  • Highly motivated and adaptable with the ability to work in a diverse organization;
  • Accurate and detail-oriented with sound judgment and integrity.

ABOUT GOLDMAN SACHS

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., 2020. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity