Senior Counsel – Banking Regulation & Deposits

Goldman Sachs Group; New York, Washington (NY, District of Columbia); On-site; USD 185,000 - 295,000; Full time

Job summary

Goldman Sachs Group, a leading global investment banking and securities firm, seeks an experienced attorney for its Bank Regulatory and Deposits Legal team in New York or Washington, D.C. to support consumer deposits and electronic payments from a U.S.

regulatory perspective. You will advise on complex regulatory matters, draft disclosures and agreements, and collaborate with business, compliance, and risk teams to ensure policy alignment and risk mitigation while contributing to the growth of

Qualifications

• Must hold a JD and be admitted to practice in at least one U.S. jurisdiction.
• 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 translate highly technical and complex statutory requirements into clear, actionable advice for technology, operations, and business stakeholders

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

Skills

Regulatory knowledge

Legal advisory

Cross-functional collaboration

Independent work

Risk assessment

Education

Juris Doctor (J.D.)

US bar admission

Job description

Goldman Sachs Group, a leading global investment banking and securities firm, seeks an experienced attorney for its Bank Regulatory and Deposits Legal team in New York or Washington, D.C. to support consumer deposits and electronic payments from a U.S.

regulatory perspective. You will advise on complex regulatory matters, draft disclosures and agreements, and collaborate with business, compliance, and risk teams to ensure policy alignment and risk mitigation while contributing to the growth of