Legal, Global Banking and Markets, Securities Financing Transactions Lawyer, Vice President, Lo[...]

Goldman Sachs Bank AG; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a qualified lawyer to join their dynamic Securities Financing Transactions Legal team in London. This role involves providing transactional and advisory support for various financial products, including repo and securities lending. The ideal candidate will possess a strong legal background and excellent negotiation skills, working collaboratively with multiple stakeholders. This is a unique opportunity to be part of a team that navigates legal and regulatory challenges in a fast-paced environment, making a significant impact on the firm's operations and client relationships.

Benefits

Healthcare & Medical Insurance

Generous Vacation Policy

Financial Wellness Programs

On-site Fitness Centers

Child Care Services

Qualifications

• Qualified lawyer with strong educational background and relevant experience.
• Ability to apply legal concepts to complex trading scenarios.

Responsibilities

• Advising on structuring and documentation of repo and securities lending.
• Assisting with negotiation and drafting of transactional documents.

Skills

Legal Qualification

Negotiation Skills

Communication Skills

Legal Research

Knowledge of Derivatives

Team Collaboration

Education

Law Degree

Post Qualification Experience

Tools

ISDA Documentation

GMRA Documentation

GMSLA Documentation

Job description

Legal, Global Banking and Markets, Securities Financing Transactions Lawyer, Vice President, London location_on London, Greater London, England, United Kingdom

OUR IMPACT

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.

YOUR IMPACT

We are looking for a qualified lawyer to join our Securities Financing Transactions (“SFT”) Legal team, which is part of the Global Banking & Markets (Public) Legal team. The role will be based in London and will involve providing both transactional and advisory support for the short term interest rate market making and treasury execution desks as well as our agency lending and prime brokerage securities lending businesses.

The SFT Legal team covers a full spectrum of products associated with securities lending and financing, in particular transactions in the form of repo, securities lending, derivatives as well as unsecured lending. The SFT Legal team advises on the structuring and execution of transactions, helps the firm navigate legal and regulatory change and advises on all aspects of legal and reputational risk.

The SFT Legal team work with a broad range of stakeholders, including the Prime Services business, multiple trading and structuring desks, Compliance, Operations, Credit and Risk.

The role sits within a broader Prime Services & SFT Legal team of nine permanent members, split between London and Birmingham.

RESPONSIBILITIES

• Advising on structuring and documentation of repo and securities lending as well as related security arrangements.
• Advising on structuring and documentation of capital and credit reducing structures such as third party guarantees and master netting arrangements.
• Advising on structuring and documentation of synthetic financing transactions through derivatives under an ISDA master agreement.
• Assisting with the negotiation and drafting of transactional documents, including coordination with, and management of external counsel.
• Advising on GMRA and GMSLA negotiations led by a separate negotiation team.
• Obtaining and reviewing netting and collateral enforceability opinions covering primarily European and Emerging Market jurisdictions.
• Representing Goldman Sachs and participating in ICMA/ISLA industry associations in relation to developments in the cash/securities lending market.
• Advising on the implementation of and ongoing compliance with key relevant UK and EU regulations or associated obligations.

SKILLS, EXPERIENCE AND QUALIFICATIONS

• Strong educational background.
• Qualification as a lawyer, preferably in the EU or the UK (or similar).
• At least four years post qualification relevant experience in a law firm or in-house in a comparable institution.
• Familiarity with industry documentation for derivatives (ISDA), repo (GMRA) and stock lending (GMSLA) transactions preferred.
• Ability to apply legal concepts to complex trading scenarios and explain them in an accessible way.
• Excellent negotiation skills and communication skills, both oral and written.
• Personable and confident with ability to interact well directly with the business teams.
• Team oriented, with the ability to work within a collegiate environment with multiple stakeholders across different locations.
• Ability to prioritise work effectively, be pro-active 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.

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.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

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.