Payments Regulatory Lawyer - VP

3761 Barclays - BX - UK; Northampton; On-site; GBP 90,000 - 130,000; Full time

Job summary

Barclays is seeking a qualified solicitor to lead legal risk and compliance for payments activities, including merchant acquiring, card issuance, and payment systems. You will advise on laws, draft and negotiate payment agreements, represent Barclays in proceedings, and ensure policies reflect LRRs.

Location options include Northampton, Birmingham or Manchester; you will work with stakeholders to translate complex regulations into practical controls.

Qualifications

• Qualified solicitor with expertise in payment services regulation and risk management.
• Experience advising on the Second Payment Services Directive and PSRs.
• Strong ability to draft, review and negotiate payment-related agreements.
• Excellent communication and influencing skills, both verbal and written.

Responsibilities

• Develop and implement best practice legal strategies for risk management and compliance.
• Provide legal advice and support to payments activities including merchant acquiring, card issuance, cross currency payments and payment systems.
• Represent the bank in legal proceedings related to payment services (litigation, arbitration, regulatory investigations).
• Draft and review payment-related agreements to ensure compliance with laws and regulations.
• Proactively identify and communicate applicable laws and regulatory changes; align policies and controls accordingly.

Skills

Regulatory strategy

Payments regulation

Legal risk management

Stakeholder influence

Education

Qualified solicitor

Job description

Job Description

Purpose of the role To ensure that the payment activities are conducted in compliance with applicable laws and regulations, and to help the bank manage legal risks associated with these activities.

Accountabilities

Development and implementation of best practice legal strategies for risk management and compliance. Legal advice and support to the bank's payments-related activities including merchant acquiring, card issuance, cross currency payments, payment systems and mobile payments. Representation of the bank in legal proceedings related to payment services, such as litigation, arbitration, and regulatory investigations. Creation and review of legal documents such as payment services agreements, cardholder agreements, and other payment-related agreements to ensure compliance with applicable laws and regulations and, where relevant, negotiate with counterparties. 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 elevate 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.

Desired Experience

• Qualified solicitor
• In-depth knowledge of and experience advising on the Second Payment Services Directive and the Payments Service Regulations
• Understanding of the Consumer Credit Act
• Detailed understanding of the Strong Customer Authentication requirements and the relevant Regulatory Technical Standards
• Considerable communication and influencing skills – verbal and written (technical and non-technical) Analysis, judgment, self-starter and integrity
• Some other highly valued skills may include Prior in-house experience Considerable commercial focus Willingness to undertake varied tasks and expand knowledge into other areas Understanding of the Strong Customer Authentication requirements and the relevant Regulatory Technical Standards

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

Location

This role can be located Northampton, Birmingham or Manchester.

About the Team / Culture

Our Work Experience is the combination of everything that's unique about us: our culture, our core values, our company meetings, our commitment to sustainability, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hard working, curious, trustworthy, humble, and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in the area.