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Legal, Private Wealth Management Lawyer, Associate/Vice President, Birmingham

Employer
Goldman Sachs
Location
Birmingham, United Kingdom
Salary
Competitive
Closing date
Jul 14, 2024

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Job Function
Compliance/Regulatory
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
WHO WE ARE
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world.
Private Wealth Management (PWM) is part of the Asset and Wealth Management Division of Goldman Sachs. PWM provides a comprehensive range of investment services, including discretionary investment management, investment advice, brokerage services and lending, 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 EMEA focuses primarily on individuals, families and family offices based in EMEA, who may invest individually or through a wide variety of investment vehicles including corporates, trusts, partnerships, regulated and unregulated funds, in a broad range of jurisdictions.
Marcus UK (Marcus) is part of the Private Banking, Lending and Deposits Division of Goldman Sachs. Marcus offers a variety of competitive savings products to help meet the needs of its UK retail customers and to help them reach their financial goals.
Currently, the EMEA PWM and Marcus businesses are supported by four lawyers in London, two lawyers in Birmingham and other lawyers in Zurich and Frankfurt, all of whom regularly work closely with colleagues in PWM Legal in the US and Asia.
The Legal Division
The Goldman Sachs Legal Division spans offices across 37 cities worldwide, from which we provide counsel and advice to support the global activities of the firm and our clients. Our focus is on providing the highest quality legal advice while managing regulatory and reputational risk. Whether you are an experienced lawyer or have other relevant experience combined with an interest in financial law and strong critical thinking skills, our team might be right for you.
As a Division we are focussed on our people and their development and are committed to creating an environment that is diverse and inclusive. We offer numerous training and career development opportunities including a weekly legal training programme, Division mentoring schemes and a people development committee tasked with providing tangible tools to help manage and develop careers. The Division also has several active and varied committees including the Diversity, Pro Bono, Innovation, Charity and Social Committees and encourages participation in the Women ' s, Black and LGBT firmwide affinity networks.
ROLE RESPONSIBILITIES
We are looking to recruit an enthusiastic, proactive and resilient candidate, who is interested in a technically challenging and rewarding advisory role. The role requires the ability to work independently from day one and to manage a diverse and complex workload advising on a range of issues including new product and service offerings, implementation of new regulations and specific client situations. Lawyers in the Wealth Management team work closely with a diverse group of clients across the PWM and Marcus businesses and the broader Legal Division and thrive on the pressures of delivering consistently high quality advice to dynamic and constantly evolving businesses.
More specifically, the role responsibilities include:
  • Advising PWM and Marcus on all aspects of the client relationship from pitches through to structuring of accounts and account opening procedures, negotiation of account documentation and investment restrictions, and support on client or transaction-specific questions.
  • Advising PWM and Marcus on a variety of business issues, including new business initiatives, impact of regulation on new and existing business, and changes to existing product and service offerings.
  • Advising on a wide range of regulatory topics across the UK and EU, such as interpretation of new and existing regulations and assessment of the impact of regulations to our business activities, advising on complex cross-border questions, and assisting with the identification of new regulations that may impact the PWM and/or Marcus businesses.
  • Advising product specialists in PWM and Marcus on all aspects of product development and documentation.
  • Liaising with other lawyers in the Goldman Sachs Legal Division globally.
  • Liaising with outside counsel on a broad range of domestic and cross-border jurisdictional issues.
SKILLS / EXPERIENCE
We are targeting qualified lawyers in the 2-4 years PQE range (ideally with experience in asset management, regulation, retail banking or private wealth). Candidates are expected to have relevant post-qualification experience either with a reputable law firm or as in-house counsel. Knowledge of a major European language would be useful.
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.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

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