Global Contract Service Macro-Distribution Senior Negotiator

Barclays•Jefferson Park, NY

7d•$200,000 - $260,000•Onsite

About The Position

We are looking for an experienced Global Contract Service Macro-Distribution Senior Negotiator to join our derivatives master agreement negotiation team to support the Barclays Markets Business across Rates, FX, Credit, Latam and Risk Solutions Group, predominantly for corporate and private equity clients. In this role, you will be drafting, negotiating, and executing master and collateral agreements and ancillary documentation (primarily for ISDA), which you will actively and independently manage from inception to completion. This will entail negotiation with the client directly as well as internal teams and stakeholders such as credit risk, sales and trading business, collateral management, treasury, tax, and client onboarding. In the course of these negotiations, you will have to ensure that MI is adequately captured by updating internal systems and managing data efficiently. Further responsibility will include being privy to regulatory updates, taking ownership of capacity and authority checks, and conducting due diligence in respect of these negotiations (including netting and collateral enforceability). This is an exciting opportunity to accelerate your career and join the largest legal team within Barclays Legal.

Requirements

Experience in the financial industry with a focus on the following Derivatives master documentation (primarily in relation to ISDA), DF protocol, FIA execution agreements
Familiarity with loan linked ISDA terms and associated Credit Agreements
Familiarity with collateral arrangements and credit support annexes (including UMR VM and IM)
Experience with account control agreements
Risk and controls
Change and transformation
Business acumen
Strategic thinking
Digital and technology
Job-specific technical skills

Nice To Haves

Law Degree
Familiarity with other industry master agreement documentation (MRA, GMRA, GMSLA, MSFTA)
Knowledge of Corporate and Private Equity clients, including emerging market clients
Familiarity with industry legal opinions
Additional language skills, Spanish/Portuguese preferred

Responsibilities

Oversee and manage transactional processes, ensuring compliance with legal and regulatory requirements, and maintaining accurate documentation for financial transactions.
Ensure that Transaction Services and Documentation activities are conducted in compliance with applicable laws and regulations, and help the bank manage legal and reputational risks associated with these activities.
Coordinate with internal and external stakeholders, including legal counsel, credit risk management, and other departments, to ensure that transactions are executed in a timely and efficient manner.
Create, review, negotiate and manage legal documents such as loan agreements, security documents, and other transactional documents, to ensure execution in a timely and efficient manner.
Provide transaction support, including preparation of transaction summaries, conducting due diligence, and support to other departments as needed.
Develop and implement transaction processes and procedures to ensure that transactions are executed consistently.
Pro-actively identify, communicate, and provide legal advice on applicable laws, rules and regulations (LRRs). Keep up to date with regards to changes to LRRs in the relevant coverage area. Ensure that LRRs are effectively allocated to, and adequately reflected within, the relevant policies, standards and controls.
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.
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.
Drafting, negotiating, and executing master and collateral agreements and ancillary documentation (primarily for ISDA), which you will actively and independently manage from inception to completion.
Negotiate with the client directly as well as internal teams and stakeholders such as credit risk, sales and trading business, collateral management, treasury, tax, and client onboarding.
Ensure that MI is adequately captured by updating internal systems and managing data efficiently.
Be privy to regulatory updates, taking ownership of capacity and authority checks, and conducting due diligence in respect of these negotiations (including netting and collateral enforceability).