Legal GCS Markets

Job Description

Purpose of the role

To oversee and manage transactional processes, ensuring compliance with legal and regulatory requirements, and maintaining accurate documentation for financial transactions.

Accountabilities

• To ensure that the Transaction Services and Documentation activities are conducted in compliance with applicable laws and regulations, and to help the bank manage legal and reputational risks associated with these activities.
• Coordination 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.
• Creation, review, negotiation and management of legal documents such as loan agreements, security documents, and other transactional documents, to ensure execution in a timely and efficient manner.
• Transaction support, including preparation of transaction summaries, conducting due diligence, and support to other departments as needed.
• Development and implementation of transaction processes and procedures to ensure that transactions are executed consistently.
• 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.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• 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 lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship - our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset - to Empower, Challenge and Drive - the operating manual for how we behave.

GCS is a global team primarily responsible for the negotiation and execution of master trading documentation for Barclays’ client-facing Markets business, with regional teams situated in the Americas, APAC and EME supporting the respective regions. A GCS APAC Negotiator is responsible for drafting, negotiating and executing various master trading documentation in support of the business in APAC (including but not limited to Credit, Foreign Exchange, Fixed Income, Prime, Rates, and Securities Financing Transactions).

In addition to being involved in the negotiation of master trading documentation for the firm’s Markets business, the negotiator will also be recognised as a subject matter expert on the master agreements managed by GCS. The negotiator will be involved in managing global projects, providing guidance to junior team members, actively contributing to the team’s knowledge base and knowledge share with other members of the team and foster a strong risk and control environment.

Key Accountabilities

• Draft, negotiate and execute capital markets contract documentation with an assigned portfolio of Barclays counterparties (e.g. ISDA Master Agreement and Credit Support Agreements, Global Master Repurchase Agreement, Global Master Securities Lending Agreement and any ancillary agreements)

• Ensure compliance with legal, regulatory and documentation risk controls and adhere to associated guidelines and procedures

• Maintain up-to-date, working knowledge of the products covered and applicable regulations

• Conduct independent legal analysis and manage relationships with external counsel, where necessary, in accordance with Barclays requirements on external legal spend

• Strong technical knowledge to negotiate and manage complex master agreement negotiations independently (e.g. loan-linked/issuance-linked ISDA negotiations, commissioning and reviewing opinions for counterparties not covered by industry opinions and identifying gaps that need to be addressed, negotiations with central banks)

• Strong understanding of jurisdictional requirements and nuances in APAC, and ability to ascertain how these considerations impact documentation

Essential Skills/Basic Qualifications:

• Bachelor’s degree or educational equivalent (LLB or equivalent)

• Experience, knowledge and understanding of the ISDA Master Agreement, the financial industry and Legal

• Experience with a financial services firm or law firm

• Strong analytical and drafting skills

• Competence in Microsoft Word, Excel, Outlook, and PowerPoint