Professionals within Legal provide a wide range of services to our business units. They might help advise on a new product introduction; develop a training program or help defuse a consumer dispute. They preserve the firms invaluable reputation for integrity and protect the firm from sanctions with policies and procedures that meet regulatory requirements around the world.
The Legal Department is looking for an experienced consumer credit attorney to be part of the team tasked with developing the firms consumer and business lending capabilities. This position offers opportunity to work closely with the business teams and colleagues throughout the firms legal, compliance, marketing, credit, operations and technology functions to develop and maintain servicing, and collections strategies and communications.

Responsibilities

• Provide legal advice on development of new consumer lending and payment products
• Conduct comprehensive research of federal, state and local laws relating to consumer lending and protection (e.g. UDAAP, Reg. Z, Reg. E)
• Participate as a collaborative member on cross-functional teams working to build more options for consumers in the revolving (credit card) and installment loan space
• Serve as a subject matter expert on banking laws and regulations applicable to consumer lending and protection.
• Review consumer complaints with legal and regulatory impact and assist in developing responses
• Provide day-to-day legal support to various operational teams maintaining credit card and installment loan products.
• Monitor state and federal consumer finance developments
• Assist in the development and management of regulatory disclosures
• Opportunity to work closely with lawyers from other divisions regarding consumer business finance transactions

Basic Qualifications

• Knowledge of and direct experience with federal, state and local consumer finance laws and regulations, including but not limited to UDAAP, ECOA & Reg. B, EFTA & Reg. E, TILA & Reg. Z
• Experience drafting consumer communications, disclosures and changes in terms
• Ability to review procedures, training, and call scripts for compliance with banking/lending laws and regulations
• Knowledge of consent orders relating to credit cards and other consumer loans, along with ability to formulate responses to same
• 5 years of relevant experience required in a leading law firm or financial institution
• Team player with inherent commercial judgment and strong analytical skills
• Excellent attention to detail and strong organizational / project management skills
• Superb oral and written communications skills
• High level of initiative, integrity, and organization

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. Were 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