The Goldman Sachs Group, Inc

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

The Goldman Sachs Group, Inc • $170K — $270K *
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Juris Doctor (J.D.) and active admission to practice law in at least one U.S. jurisdiction.
  • 5+ years of experience in legal roles related to U.S. deposit or electronic payment products.
  • Expertise in U.S. deposit and electronic payments law, including key regulations like Regulation E and UDAAP.
  • Experience with electronic payment systems and associated disputes.
  • Proven ability to work independently and collaboratively with various stakeholders.
  • Skill in translating complex legal requirements into actionable advice.
  • Strong judgment and a solution-oriented approach to risk assessment.

Responsibilities

  • Advise stakeholders on legal and regulatory matters for U.S. consumer deposits and electronic payments.
  • Provide legal and transactional support for deposit-taking businesses.
  • Support management of the firm's U.S. bank subsidiary in meeting legal obligations.
  • Draft and maintain agreements and documentation for deposit and payment products.
  • Monitor legal and regulatory developments and engage in advocacy efforts.
  • Collaborate with compliance and risk management to develop policies and controls.
  • Coordinate with Legal counterparts on regulatory requirements and change management.

Benefits

  • Comprehensive benefits and wellness offerings.
  • Support for both full-time and part-time employees working at least 20 hours per week.
Full Job Description
Job Description

LEGAL

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


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.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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