Global Markets Legal Counsel - D

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.

Director Expectations

• To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide..
• They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
• Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
• Escalates breaches of policies / procedure appropriately.
• Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
• Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
• Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
• Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
• Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
• Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
• Negotiate with and influence stakeholders at a senior level both internally and externally.
• Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
• Mandated as a spokesperson for the function and business division.

All Senior 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.

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.

• Salary / Rate Minimum: $270,000Salary / Rate Maximum: $330,000 The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.
• About LegalAnticipating, managing and mitigating Legal Risk is the fundamental responsibility of the Legal Function. The Legal Function aims to work together as one team to directly support Barclays Group priorities, with an emphasis on:
• Helping the Group to anticipate, understand, manage and mitigate its legal risks;
• Collaborating effectively across the team, all risk and control functions and businesses;
• Continuously improving standards;
• Driving efficiency and maintaining tight control of our internal and external costs.
• The key roles of the Legal function are:
• Provision of coverage, advice and support to Barclays businesses and Group functions;
• Oversight and management of the litigation, investigations and enforcement portfolio.
• ­­­­­­­­­­­­­­­­­­Overall purpose of role
• Senior advisor to a dynamic global Liquid Financing business (provides prime brokerage, futures, and related financing to clients) who can effectively partner with the business, Risk, Credit and other stakeholders to execute on strategic, regulatory and other matters and proactively manage legal risk.

Essential Skills/Basic Qualifications:

• JD (or equivalent) 
• New York State Bar admission
• Proven experience with prime brokerage and similar financing businesses (e.g., fixed income financing, fixed income prime brokerage clearing, repo and sponsored repo). 
• Strong knowledge of broker-dealer, margin and customer protection rules and regulations; insolvency laws; and securities laws and regulations. 

Desirable Skills/Preferred Qualifications:

• Experience leading negotiation of master trading agreements
• Familiarity with non-US legal and regulatory frameworks (UK, EU, APAC)
• Solid knowledge of US securities and derivatives markets (Futures/Cleared derivatives and OTC derivatives), hedge funds and the financial markets more broadly
• Familiarity with Basel capital and liquidity requirements