Legal, Deposits and Electronic Payments Attorney, Vice President, New York City/Washington, DC
About The Position
The Bank Regulatory and Deposits Legal team is seeking an experienced attorney to support Goldman Sachs’s U.S. deposit and electronic payments businesses from its New York or Washington, D.C. office. The team advises the firm globally from a U.S. bank regulatory perspective and provides legal, regulatory, reputational, and transactional support to consumer deposit businesses. The attorney will advise on legal and regulatory matters involving consumer deposits and electronic payments. The role includes researching complex issues across multiple businesses and products; reviewing product designs and providing strategic input; drafting agreements, disclosures, and other documentation; coordinating with business, legal, and compliance colleagues on policies, procedures, controls, and assessments; supporting vendor and third-party relationships; engaging external counsel; and providing general legal support across Goldman Sachs. The attorney will serve as a trusted advisor to deposit and payments businesses and to Legal, Compliance & Risk colleagues globally. The role also involves building substantive relationships across the firm and externally to support the growth of the deposits platform and electronic payments activities.
Requirements
- Juris Doctor (J.D.) and active admission to practice law in at least one U.S. jurisdiction; must be able to serve as in-house counsel in Goldman Sachs’s New York or Washington, D.C. office.
- At least 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 such as 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, manage competing 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.
Responsibilities
- Advise 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.
- Provide comprehensive legal, regulatory, contractual, and transactional support to Goldman Sachs’s U.S. deposit-taking businesses on new and existing products and services.
- Support management of the firm’s U.S. bank subsidiary in understanding and meeting legal, regulatory, contractual, payment system, and related obligations.
- Draft, review, coordinate, and maintain agreements, disclosures, and documentation for deposit and electronic payment products across the firm’s U.S. businesses.
- Monitor legal, regulatory, and market developments, including participating in advocacy on proposed rules through engagement with internal stakeholders and external trade associations.
- Work with businesses, compliance, risk management, and other support functions to develop, review, and maintain policies, procedures, and controls.
- Coordinate with Legal counterparts throughout Goldman Sachs on identifying, implementing, and managing changes to legal and regulatory requirements involving deposit accounts and electronic payments.
- Support cross-enterprise initiatives and projects.
- Research complex legal issues across multiple businesses and products, review product designs, and provide strategic input.
- Support vendor and other key third-party relationships, engage external counsel, and provide general legal support to functions throughout Goldman Sachs.
- Build substantive relationships throughout the firm and externally in support of the deposits platform and electronic payments activities.
Benefits
- Eligible employees may receive a discretionary bonus if active at fiscal year-end.
- Competitive benefits and wellness offerings, including training and development opportunities, firmwide networks, benefits, wellness and personal finance offerings, and mindfulness programs.
- Benefits are generally available to active, non-temporary, full-time and part-time U.S. employees working at least 20 hours per week.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Ph.D. or professional degree
