Legal Division, Private Wealth Management Lawyer, VP recruitment
Job Summary Responsibilities
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world.
BUSINESS UNIT AND ROLE OVERVIEW
Private Wealth Management (PWM) is part of the Investment Management Division of Goldman Sachs. PWM provides a comprehensive range of investment services, including discretionary investment management and brokerage services, to wealthy individuals and families worldwide, across a diversified range of asset classes, including equities, fixed income, structured products, derivatives, hedge funds and other alternative investments. PWM in London focuses primarily on individuals, families and family offices based in the EU, Switzerland, the Middle East and Africa, who invest through a wide variety of investment vehicles in a broad range of jurisdictions. Currently, PWM in EMEA is supported by three lawyers in London with another two lawyers in Zurich.
We are looking to recruit an additional lawyer who is experienced, enthusiastic, proactive and robust and who demonstrates interest in a very broad, challenging and rewarding role. The role requires the ability to work independently from day one and to manage a diverse and complex workload meeting tight deadlines. Lawyers in our team work closely with a diverse group of clients across the PWM business and thrive on the pressures of delivering consistently high quality advice to a dynamic and constantly evolving business.
RESPONSIBILITIES
• Advising investment professionals on all aspects of the client relationship, from pitches through to the structuring of accounts and account opening procedures, negotiation of account documentation and investment restrictions, support on transaction-specific questions, margin and risk management processes and new products.
• Advising on regulatory changes and policy development – analysing the impact of new regulation, introducing new policies in response to new regulation/legislation and revising current policies to meet the needs of the business.
• Advising on the impact of the regulatory regime in the UK and in other jurisdictions, both in the EU and elsewhere.
• Advising senior PWM Management on a variety of business issues, including regulatory developments, new business initiatives, material account - related issues and issues relating to the structure of the business.
• Advising PWM product specialists on all aspects of product development, documentation and trading, particularly focused on structured products and derivatives.
• Advising and liaising with PWM compliance professionals on a wide range of issues, such as interpretation of regulations, account activity and surveillance.
• Liaising with other lawyers in the Legal department globally in relation to specific product or other issues, including derivatives, equity capital markets, employment and litigation.
• Liaising with outside counsel on a broad range of cross border jurisdictional issues, including licensing and selling restrictions, and enforceability of collateral arrangements.
Basic Qualifications
We are targeting English qualified lawyers in the 5 years + PQE range, although would be willing to consider candidates with a different experience profile. Candidates will need to demonstrate an understanding of the regulatory framework relevant to the PWM business. Candidates are expected to have relevant post-qualification experience either with a major law firm or as in-house counsel in a financial institution.
Preferred Qualifications
Ideally, knowledge of the product areas, including derivatives, relevant to the PWM business.
Knowledge of a major European language would be useful.
YOUR CAREER
Goldman Sachs is a meritocracy where you will be given all the tools to help you develop. At Goldman Sachs, you will have access to excellent training programmes designed to improve multiple facets of your skills portfolio. Our in-house training programme, ‘Goldman Sachs University’ offers a comprehensive series of courses that you will have access to as your career progresses. Goldman Sachs University has an impressive catalogue of courses which span technical, business and leadership skills training.
We value internal mobility. The chance to take on new challenges in the firm over time will ensure that you remain stimulated and will help in your continued professional and personal development.
Goldman Sachs is an equal opportunities employer and is committed to the principle of diversity.
Goldman Sachs conducts background checks on individuals offered employment with the firm and employment with Goldman Sachs is conditional upon individuals successfully completing those checks. As part of the background check process, Goldman Sachs may need to obtain a record of disclosable criminal convictions from a government agency such as the Criminal Records Bureau. The firm has adopted policies on the recruitment of ex-offenders and on the retention, storage and disposal of criminal record information which are available on request.