Goldman Sachs & Company Legal, Global Markets Division, Trading Documentation Group, Associate- New York in New York, New York
Legal, Global Markets Division, Trading Documentation Group, Associate- New York
Global Markets Trading Documentation
MORE ABOUT THIS JOB
Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor.
RESPONSIBILITIES AND QUALIFICATIONS
At Goldman Sachs, our culture is one of teamwork, innovation and meritocracy. We often say our people are our greatest asset and we take pride in supporting each colleague both professionally and personally. From collaborative work spaces and ergonomic services to wellbeing and resilience offerings, we offer our TDG professionals the flexibility and support they need to reach their goals in and outside the office.
Our team is seeking documentation professionals who will have the opportunity to negotiate a broad variety of trading documentation including: GMRA, GMSLA, CDEA, ISDA, MRA, MSFTA's suite of documentation and Master Confirmation Agreements for all Equity Derivative products.
The candidate will ideally have experience with one or more of the above documents and/or experience collaborating with internal and external stakeholders. The role will include collaborating with internal stakeholders and negotiating with external clients to drive documentation to completion/execution. The candidate will be expected to partner with other teams to build scale and increase revenue opportunities through a range of technical daily responsibilities and strategic projects.
The team is responsible for providing outstanding service by engaging with clients, understanding their trading activity/strategy. We handle all aspects of the relevant trading documentation negotiation and are therefore an essential component in the creation and maintenance of a trading relationship with a given client.
Useful additional languages: French, German, Dutch, Danish, Mandarin, Russian, Italian, Spanish and Portuguese, written and spoken.
Responsible for drafting, reviewing and negotiating the following documents:
Repurchase and stock lending documentation such as 2000/2011 GMRA, 2000/2010 GMSLA, 1996 MRA, 2012 MSFTA and related ancillary documents
ISDA and Derivative Master Agreements and related ancillary documents
Master Confirmation Agreements for all Equity Derivative products
Review of legal opinions on netting and collateral enforceability including liaising with external counsel
Follow-up work, both internally and with counterparts to gather comments, information, review and ultimately complete agreements and prepare them for execution
Organization of execution of completed agreements and dispatch for counterparts' signature
Follow-up work to ensure return of signed documents and completion and closing of files
Responding to queries on the master documentation from various departments including the front office
Ongoing opportunity to challenge existing controls/processes and leverage your experience to identify risks and improve the effectiveness of the team
Develop and nurture relationships across the firm to build consensus and execute on initiatives
Entrepreneurial, innovative and analytical approach to providing client solutions
Preferred Experience and Skills:
Bachelor's degree or equivalent with a minimum of two years of experience in an Operations or Legal/Trading Documentation role (including within a Credit, Risk or Treasury function) or paralegal experience within a law firm
Knowledge of various legal entities including funds, insurance companies and pensions
Proven excellent organizational and prioritization skills and attention to detail, especially under pressure
Proven ability to negotiate and review detailed legal documents with an eye for detail and accuracy, particularly around documentation terms
Ability to ensure consistency across documentation and know when to escalate issues
Self-motivated, results-driven and proactive team player who takes ownership and accountability for their work, can help collaborate and provide directive when issues arise in the team and is capable of multi-tasking in a fast-paced environment
Good interpersonal and communications skills
Enthusiasm and interest in development of documentation skills and using such skills for the completion of negotiation process
Flexibility and willingness to learn new skills and develop full job ownership
Strong commercial acumen with a keen interest in derivative, repo, securities lending markets and products
Ability to interact with and influence business stakeholders and clients in order to negotiate, build consensus, control risks and improve operational efficiency
Proficient in IT and able to adapt to various databases/systems
ABOUT GOLDMAN SACHS
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 atGS.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., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.