Netting Lawyer VP
About The Position
Barclays is seeking a Netting Lawyer Vice President to provide senior legal support to its global Markets business and advise senior stakeholders in Legal, Risk, and Finance on complex legal matters affecting trading activities worldwide. The role focuses on identifying, assessing, and guiding the management of legal and reputational risks associated with trading relationships and transactions. A significant part of the work involves analyzing the enforceability of close-out netting and collateral arrangements, which are important risk mitigation techniques for the Markets business, and considering related regulatory capital rules. The position supports the Markets division in complying with applicable laws, rules, and regulations and helps manage legal risk. The lawyer will advise business units on relevant products and services, support the bank’s representation in related litigation, arbitration, and regulatory investigations, and create, review, and maintain legal documents and templates. The role also includes monitoring legal and regulatory changes, advising proactively on their impact, helping ensure requirements are reflected in policies, standards, and controls, and developing and delivering employee training. At Vice President level, the role contributes to strategy and change, provides expert legal direction, advises senior stakeholders, and supports risk and control governance. The position requires collaboration across the organization, sound commercial judgment, and the ability to develop solutions to complex legal and business problems. The role is located in New York, New York.
Requirements
- Qualified lawyer with significant experience in private practice and/or in-house legal functions.
- Considerable commercial judgment and technical legal expertise.
- Ability to advise senior stakeholders on complex legal and regulatory matters.
- Ability to identify and communicate legal and commercial risks within the firm’s governance and risk policies.
- Experience with one or more of the following: derivatives and securities financing master trading agreements, bankruptcy or insolvency law, and regulatory capital requirements.
- Ability to work effectively in a fast-paced, multi-dimensional environment.
- Ability to communicate detailed legal and qualitative information clearly and concisely.
- Comfort delivering advice to both legal and non-legal stakeholders.
Nice To Haves
- Deep interest in the drivers of performance and a passion for improving things.
Responsibilities
- Develop and implement legal strategies to support compliance with applicable laws, rules, and regulations.
- Provide legal advice and support to Markets business units on matters relating to their products and services.
- Provide subject-matter support in the Legal department’s representation of the bank in litigation, arbitration, and regulatory investigations related to Markets business units.
- Create and review legal documents and maintain and update template legal documentation for the Markets division.
- Conduct legal research and analysis to monitor changes in applicable laws, rules, and regulations that may affect Markets business activities.
- Develop and deliver training programmes on legal and regulatory requirements relevant to Markets activities.
- Proactively identify and communicate legal and regulatory requirements, advise on their impact, and help ensure they are reflected in relevant policies, standards, and controls.
- Analyze the enforceability of close-out netting and collateral arrangements and consider related regulatory capital rules.
- Identify, assess, advise on, and guide the management of legal and reputational risks arising from trading relationships and transactions.
- Advise senior stakeholders in Legal, Risk, and Finance on complex legal matters affecting trading activities.
- Manage and mitigate risks and demonstrate accountability for strengthening controls.
- Collaborate with internal and external stakeholders and provide advice on functional and cross-functional matters.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
