Netting Lawyer at Barclays

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

08 Feb, 26

Salary

290000.0

Posted On

10 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Legal Advice, Compliance, Risk Management, Legal Research, Training Development, Document Review, Banking Law, Bankruptcy Law, Derivatives, Securities Financing, Stakeholder Management, Analytical Thinking, Communication, Collaboration, Problem Solving, Leadership

Industry

Banking

Description

Job Description Purpose of the role To ensure that the activities of the business units in the Markets division are conducted in compliance with applicable laws, rules and regulations, and to help the bank manage legal risk associated with these activities. Accountabilities Development and implementation of best practice legal strategies to manage compliance with applicable laws, rules and regulations. Legal advice and support to the business units in the Markets division on matters arising from the relevant products/services provided by the Markets division . Subject matter support in the Legal department’s representation of the bank in legal proceedings related to the Markets business units such as litigation, arbitration, and regulatory investigations. Creation and review of legal documents for the business units in the Markets division to ensure the bank’s compliance with applicable laws, rules and regulations. Maintaining and updating template legal documentation for the Markets division. Legal research and analysis to stay up to date on changes in applicable laws, rules and regulations that may impact the activities of the bank's Markets business units . Developing and delivering training programmes to educate employees on legal and regulatory requirements related to the activities of the Markets business units . Pro-active identification, communication, and provision of legal advice on applicable laws, rules and regulations (LRRs). Keeping up to date with regards to changes to LRRs in the relevant coverage area. Ensuring that LRRs are effectively allocated to, and adequately reflected within, the relevant policies, standards and controls. Vice President Expectations To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures.. If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements.. If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.. OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions.. Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment. Manage and mitigate risks through assessment, in support of the control and governance agenda. Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does. Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business. Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies. Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions. Adopt and include the outcomes of extensive research in problem solving processes. Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes. All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave. Join Barclays as a Netting Lawyer. At Barclays, our vision is clear –to redefine the future of banking and help craft innovative solutions. In this role, you will provide senior legal support to the global Markets business, playing a key role in advising on multi-faceted legal matters that impact Barclays’ trading activities worldwide. You will be responsible for identifying, assessing, and guiding the management of legal and reputational risks associated with the bank’s trading relationships and transactions. A significant aspect of this role involves ensuring the enforceability of close-out netting and collateral arrangements, which are critical to the effective functioning and risk mitigation of the Markets business. To be successful as a Netting Lawyer, you should have: Experience as a qualified lawyer with knowledge gained in private practice and/or in-house The ability to identify and communicate legal and commercial risks within the framework of the firm’s governance and risk policies Knowledge of derivatives and securities financing master trading agreements Prior experience with bankruptcy/insolvency law Some other highly valued skills may include: Ability to be effective in a fast-paced and multi-dimensional environment Communicate highly detailed legal and qualitative information in a clear and concise manner Comfortable delivering advice effectively to both legal and non-legal stakeholders A deep interest in the drivers of performance and passion for improving things You may be assessed on the key critical skills relevant for success in this role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills. This role is located in New York, NY. Minimum Salary: $200,000 Maximum Salary: $290,000 The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available. Our Work Experience is the combination of everything that's unique about us: our culture, our core values, our company meetings, our commitment to sustainability, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hard working, curious, trustworthy, humble, and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in the area.

Responsibilities

The Netting Lawyer will ensure compliance with applicable laws and regulations for the Markets division, providing legal advice and support on various matters. This role also involves managing legal risks and ensuring the enforceability of close-out netting and collateral arrangements.