Netting Lawyer VP

Barclays•New York, NY

8d•$200,000 - $290,000

About The Position

Join Barclays as a Netting Lawyer VP, where you will have the chance to join the Netting Team in Markets Legal as a junior-to-mid level VP. Within the Markets Legal team, you will 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 your role involves analyzing the enforceability of close-out netting and collateral arrangements, which are critical risk mitigation techniques relied on by the Markets business.

Requirements

Experience as a qualified lawyer with knowledge gained in private practice and/or in-house (we envisage the successful candidate having c.5-8 years post-qualification experience but will consider both more junior and more senior candidates)
The ability to identify and communicate legal and commercial risks within the framework of the firm’s governance and risk policies
Prior knowledge and experience of one or more of the following: derivatives and securities financing master trading agreements, bankruptcy/insolvency law, regulatory capital requirements

Nice To Haves

Ability to be effective in a fast-paced and multi-dimensional environment
Ability to communicate highly detailed legal and qualitative information in a clear and concise manner
Being comfortable delivering advice effectively to both legal and non-legal stakeholders
Having a deep interest in the drivers of performance and passion for improving things

Responsibilities

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.