Legal, EMEA Wealth Management Lawyer, Vice President, Frankfurt

Job Description
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.

The Goldman Sachs culture is defined by our people's commitment to delivering the best service to our clients through collaboration, innovation, and a relentless pursuit of excellence.

Private Wealth Management (PWM) is part of the Asset and Wealth Management Division of Goldman Sachs. PWM provides a comprehensive range of investment and banking services (including discretionary investment management, investment advice, execution services, deposits 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. In EMEA, PWM focuses primarily on individuals, families and family offices based in EMEA, who invest 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 meet their financial goals.

The Legal Division
The Goldman Sachs Legal department spans offices across more than 60 cities worldwide. We are here to think critically and solve problems, while managing regulatory and reputational risk. If you want to work in an environment where you will provide the highest quality legal advice to support the global activities of the firm and our clients, this role might be right for you.

Our Department Culture
As a department we are focused 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, department mentoring schemes and a people development committee tasked with providing tangible tools to help manage and develop careers. The department also has a number of active and varied committees including the Diversity, Pro Bono, Charity and Social Committees and encourages participation in the Women's, Black and LGBT firm-wide affinity networks.

Role Responsibilities
Currently, the EMEA Wealth Management Legal team, covering both our PWM and Marcus businesses, comprises ten lawyers in the UK (split across London and Birmingham), three lawyers in Zurich and two lawyers in Frankfurt, all of whom regularly work closely with colleagues in PWM Legal in the US and Asia.

We are looking to recruit an enthusiastic, proactive and resilient candidate in London, Birmingham or Frankfurt for a technically challenging and rewarding regulatory advisory role. Lawyers in Wealth Management Legal work closely with a diverse group of clients across the PWM and Marcus businesses, often collaborating with colleagues in the broader Legal Division, and thrive on the pressures of delivering consistently high quality advice to dynamic and constantly evolving businesses.

The role requires the ability to work independently from day one and to manage a diverse and complex workload ranging from keeping abreast of regulatory developments impacting the PWM and Marcus businesses and advising on complex regulatory implementations, often involving cross-border elements, to assessing regulatory implications of new business initiatives and specific client situations.

More Specifically, The Role Responsibilities Include

• Advising on the current regulatory regime in EMEA, including both product-specific and platform wide European regulations such as MiFID, CRD, ESG rules, EMIR, PRIIPS, AIFMD and PSD2, and relevant national regimes such as the FCA Handbook in the UK or BaFin rules in Germany.
• Assisting with the identification of new regulations that may impact the PWM and/or Marcus businesses.
• Impact analysis and implementation of regulatory requirements either in the context of regulatory change or business expansion initiatives and advising our businesses on regulatory matters in the context of securities and banking transactions.
• Advising and liaising with PWM compliance professionals on a wide range of issues, such as interpretation of regulations, assessment of complex cross-border scenarios and new policy development.
• Liaising with other lawyers in the Goldman Sachs Legal Division globally on regulatory interpretation, advocacy and implementation.
• Liaising with outside counsel on a broad range of domestic and cross border jurisdictional issues.

Skills / Experience

• We are targeting qualified lawyers with a minimum of 2 years post qualification experience in a financial regulatory role. Candidates are expected to have relevant post-qualification experience either with a reputable law firm and/or as in-house counsel.
• Knowledge of one or more major European language is 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

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more:

The Goldman Sachs Group, Inc., 2023. All rights reserved.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.