Global Banking & Markets, Derivative Documentation Group, Vice President - New York

Job Description

GLOBAL MARKETS

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 that includes individuals who have a passion for the markets and who thrive in fast-paced, changing environments and are energized by a bustling trading floor.

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.

YOUR IMPACT

The Derivative Documentation Group (DDG) is seeking documentation professionals who will have the opportunity to negotiate a broad variety of trading and regulatory documentation.

The candidate will ideally have experience in negotiations of ISDA documentation suite, including various types of credit support arrangements, as well as regulatory initial margin documentation and Cleared Derivatives Execution Agreements (CDEAs). Experience with repurchase or securities lending documentation is also valuable.

DDG culture encourages individuals to bring purpose and authenticity to the team environment, where we role model behaviours and take responsibility for demonstrating our shared values. The candidate will be a self-motivated, results-driven, and proactive team player who takes ownership for their work. This is a growing team that encourages an entrepreneurial, innovative, and analytical approach to providing client solutions.

OUR IMPACT

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.

Principal Responsibilities

• Responsible for the complete documentation process including drafting, reviewing and negotiating the documents such as:
• ISDA and other derivatives master agreements and related ancillary documents;
• Repurchase agreements such as 1996 MRA related ancillary documents; and
• CDEAs;
• Follow-up work, both internally and with counterparts to gather comments, information, review and ultimately complete agreements and prepare them for execution;
• Development and execution of negotiation strategies, outside of a playbook, to balance client and GS needs;
• Independently lead complex and/or sensitive negotiations for high profile clients;
• Working closely with the Corporate Derivatives business
• Provide mentoring, training and coaching for junior team members;
• 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; and
• Develop and nurture relationships across the firm to build consensus and execute on initiatives.
  
  

Preferred Experience And Skills

• Bachelor’s degree or equivalent or JD with a minimum of three years of experience in Legal/Trading Documentation role (including within a Credit, Risk or Treasury function) or attorney/paralegal experience within a law firm.
• Knowledge of various legal entities including corporates, funds, insurance companies and pensions.
• Proven excellent organizational and prioritisation 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 how and when to escalate issues.
• 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 derivatives and banking generally.
• 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.
• Additional language skills are a plus for verbal and written communication.
  
  

Salary Range

The expected base salary for this New York, New York, United States-based position is $125000-$250000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .