Prime Services Negotiator VP

Barclays • New York, NY

2d • 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, including legal counsel, credit risk management, and other departments, to ensure that transactions are executed in a timely and efficient manner. It also includes the creation, review, negotiation, and management of legal documents such as loan agreements, security documents, and other transactional documents. Transaction support, including preparation of transaction summaries, conducting due diligence, and support to other departments as needed, is also a key aspect. The role requires the development and implementation of transaction processes and procedures to ensure consistency. Additionally, it involves the pro-active identification, communication, and provision of legal advice on applicable laws, rules, and regulations (LRRs), keeping up-to-date with changes to LRRs, and ensuring they are effectively allocated and reflected within policies, standards, and controls. As a Vice President, the role involves contributing to or setting strategy, driving requirements, and making recommendations for change. This includes planning resources, budgets, and policies; managing and maintaining policies/processes; delivering continuous improvements; and escalating breaches of policies/procedures. If managing a team, responsibilities include defining jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance, and contributing to employee pay decisions. The role may also involve leading specialists to influence department operations, aligning with strategic and tactical priorities, balancing short and long-term goals, and ensuring budgets and schedules meet corporate requirements. For an individual contributor, the role requires being a subject matter expert, guiding technical direction, leading collaborative assignments, and training/coaching less experienced specialists. The role requires advising key stakeholders, managing and mitigating risks, demonstrating leadership in risk management and controls, and collaborating with other business areas. Solutions will be created based on sophisticated analytical thought, and in-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions. Building and maintaining trusting relationships and partnerships with internal and external stakeholders is essential. All colleagues are expected to demonstrate Barclays Values and Mindset. As a Barclays Prime Services Negotiator VP, you will be responsible for drafting, negotiating, and executing capital markets contract documentation to support the Prime Services and Prime Derivative Services businesses. This role requires expertise in drafting, negotiating, and executing prime services agreements (including cash prime brokerage agreements, futures agreements, OTC clearing agreements, and ISDA master agreements, Intermediation agreements (FXPBA), repurchase agreements (GMRA/GMSLA) and stock lending agreements (MSLA)), and providing high-quality service to clients in a dynamic environment.

Requirements

• Experience with the suite of capital markets contract documentation, including the drafting, negotiating, and executing of these agreements.
• Experience working with the prime services, prime derivatives services, and related financing businesses.
• Extensive legal analysis and written/oral communication skills.
• Ability to advise senior stakeholders on risk, controls, and legal requirements.
• Proven capability to manage complex negotiations and execute documentation under tight timelines.
• Demonstrate leadership and accountability for managing risk and strengthening controls.
• 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 the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship.
• Demonstrate the Barclays Mindset – to Empower, Challenge and Drive.

Nice To Haves

• Some other highly valued skills may include: Extensive legal analysis and written/oral communication skills
• Ability to advise senior stakeholders on risk, controls, and legal requirements
• Proven capability to manage complex negotiations and execute documentation under tight timelines
• You may be assessed on the key critical skills relevant for success in this role, such as risk and controls, change and transformation, business acumen, strategic thinking, digital and technology, as well as job-specific technical skills.

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.
• Coordinate with internal and external stakeholders, including legal counsel, credit risk management, and other departments, to ensure 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.
• 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 consistency.
• Pro-actively identify, communicate, and provide legal advice on applicable laws, rules, and regulations (LRRs).
• Keep up-to-date with 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.
• If managing a team: define jobs and responsibilities, plan for the department’s future needs and operations, counsel employees on performance, and contribute to employee pay decisions/changes.
• If managing a team: lead 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 an individual contributor: be a subject matter expert within own discipline and guide technical direction.
• If an individual contributor: 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.
• If an individual contributor: 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.
• 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.
• Define problems and develop innovative solutions through in-depth analysis with interpretative thinking.
• 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.
• Draft, negotiate, and execute capital markets contract documentation to support the Prime Services and Prime Derivative Services businesses.
• Draft, negotiate, and execute prime services agreements (including cash prime brokerage agreements, futures agreements, OTC clearing agreements, and ISDA master agreements, Intermediation agreements (FXPBA), repurchase agreements (GMRA/GMSLA) and stock lending agreements (MSLA)).
• Provide the highest quality of service to sophisticated, multi-faceted and high-caliber clients in a dynamic environment.

Benefits

• The minimum and maximum salary/rate information above includes only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed