Markets Advisory Lawyer (Netting)

Barclays UK; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading investment bank in London is seeking a Markets Advisory Lawyer to provide legal support and ensure compliance with regulations in the Markets division. The ideal candidate will have experience in derivatives and bankruptcy law, alongside a strong ability to communicate legal risks effectively. This role offers the chance to work within a dynamic environment and contribute to high-stakes decision-making. A qualified lawyer with a focus on regulatory compliance is essential.

Qualifications

• Qualified lawyer with experience and expertise in derivatives, securities, and regulatory standards.
• Demonstrates a strong risk and controls mindset.
• Ability to communicate technical analysis clearly.

Responsibilities

• Ensure compliance with laws and regulations for Markets activities.
• Provide legal advice to business units.
• Create and review legal documents ensuring compliance.

Skills

Experience in derivatives and securities financing

Bankruptcy/insolvency law knowledge

Understanding of UK/EU regulatory capital laws

Ability to communicate legal risks clearly

Strong risk and controls mindset

Education

Qualified lawyer

Job description

The provision of senior legal support and legal and reputational risk management to the Markets business globally, focussing on enforceability of close-out netting and collateral arrangements across the various permutations of trading agreements, governing laws, counterparty types, and counterparty jurisdictions applicable to Barclays International’s trading relationships.

To be successful as a Markets Advisory Lawyer (Netting), you should have experience with

Qualified lawyer with experience and expertise in one or more of the following areas gained in private practice and/or in-house:

• Derivatives and securities financing master trading agreements.
• Bankruptcy/insolvency law.
• UK and/or EU legislation with respect to regulatory capital and leverage standards, and accounting standards, applicable to UK investment banks.

Some other highly valued skills may include

• Ability to be effective in a fast-paced, complex and multi-dimensional environment
• Demonstrates a strong risk and controls mindset with the ability to identify and communicate legal and commercial risks within the framework of the firm’s governance and risk policies.
• Communicates highly technical qualitative analysis and advice in a clear and concise manner to a legal and non-legal audience, both orally and in writing.
• A deep interest in the drivers of performance and passion for improving things

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.

This role is to be based in London.

Purpose of the role

To ensure that the activities of the business units in the Markets division are conducted in compliance with applicable laws, rules and regulations, and to help the bank manage legal risk associated with these activities.

Accountabilities

• 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.

Vice President Expectations

• To 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.
• 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. 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.

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.