Global Contract Service Macro-Distribution Senior Negotiator

Barclays•New York, NY

1d•Onsite

About The Position

The purpose of the role is to oversee and manage transactional processes, ensuring compliance with legal and regulatory requirements, and maintaining accurate documentation for financial transactions. The role involves coordinating with internal and external stakeholders, creating, reviewing, negotiating and managing legal documents such as loan agreements, security documents, and other transactional documents. It also includes transaction support, such as preparing transaction summaries, conducting due diligence, and supporting other departments as needed. The role also focuses on developing and implementing transaction processes and procedures, proactively identifying and communicating legal advice on applicable laws, rules and regulations (LRRs), staying updated on changes to LRRs, and ensuring LRRs are reflected within policies, standards, and controls. The role is for an experienced Global Contract Service Macro-Distribution Senior Negotiator to join the 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
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.
Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.

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

Ensure that Transaction Services and Documentation activities are conducted in compliance with applicable laws and regulations.
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.
Drafting, negotiating and executing master and collateral agreements and ancillary documentation (primarily for ISDA).
Actively and independently manage negotiations from inception to completion.
Negotiate with clients 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.
Take ownership of capacity and authority checks.
Conduct due diligence in respect of these negotiations (including netting and collateral enforceability).

Benefits

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.
Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right.
Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.