[Photo:  courtesy of Bloomberg News; Jim Donovan by John Suares]

Jim Donovan, Goldman managing director in private banking is being considered for the U.S. Treasury Department, as undersecretary for domestic finance. Donovan’s nomination likely would inflame Democrats and liberal groups, which already have been critical of other Trump nominees with ties to the financial sector.

When President Barack Obama tried in 2014 to fill that Treasury slot with Lazard banker Antonio Weiss, that prompted a backlash from Democratic Sen. Elizabeth Warren and others, leading Mr. Weiss to withdraw the nomination. (Mr. Weiss went on to fill the position informally, as a counselor.)

And so, the Trump transition team might select, yet, another Goldman employee or alumni to a key position.

• Gary Cohn, the bank’s president and heir apparent to its CEO, joined the administration as the senior economic counselor;
• Steven Mnuchin, who once ran Goldman’s mortgage-trading business and later oversaw some of its forays into online banking, is the nominee for Treasury secretary;
• Stephen Bannon, who publisheds the alt-right Breitbart News, will serve as Trump’s chief strategist.
• Wall Street lawyer Jay Clayton, nominated to chair the SEC, has represented Goldman Sachs on some big transactions.

The Trump team has yet to nominate someone for perhaps the most important financial regulatory job, the Federal Reserve vice chair in charge of overseeing the nation’s largest banks.