- Entry level
- No Education
- Salary to negotiate
- New York City
Prime Services Lawyer - 90220510
Primary Location:US-New York-745 Seventh Avenue, New York, NY
Posting Range:2 Apr 2019 - Ongoing
Job Title: Prime Services Lawyer - 90220510
Location: 745 Seventh Ave, New York, New York
As the VP, Prime Services and Cleared Derivatives Attorney will be a part of the Prime Legal team in the Americas, providing legal support to businesses involved in Prime Brokerage, Equities and Fixed Income Financing, Futures and Cleared Derivatives.
You will be expected to work closely with the Barclays document negotiation personnel and assist with the negotiation of prime brokerage (including committed lending and global netting structures), secured financing, futures and cleared derivatives products.
You will also be responsible for advising the relevant businesses on regulatory developments and legal issues arising within the coverage area and will assist the businesses in managing legal and reputational risks of the firm’s transactions and activities in the relevant coverage area.
What will you be doing?
Together with other members of the Prime Legal team, you will work closely with senior business personnel and other related stakeholders (Legal, Compliance, Financial Resource Management, Finance, Risk, Operations, etc.) to manage the legal advisory needs of the growing Prime Services business, the execution of related regulatory change initiatives, product build-outs and the legal issues relating to them.
You will lead the negotiation of key legal agreements in the relevant coverage areas through interaction with counterparties and business personnel at other financial institutions, as well as the management of outside counsel relationships.
You will also engage in regular discussions with risk management, product structuring, Sales and Trading teams covering the products to ensure that transaction execution and Legal risk management are being conducted in accordance with commercial objectives of the business.
You will also be responsible for staying abreast of various regulatory developments affecting the securities and derivatives businesses within the bank, including SEC and CFTC rulemaking under the Dodd Frank Wall Street Reform and Consumer Protection Act, MiFID II and EMIR in Europe and other relevant regulatory initiatives.
What we’re looking for:
JD degree or foreign equivalent and be admitted to the bar in New York.
4+ years practicing attorney including experience working with OTC equity derivative products at an investment bank, experience at a top tier law firm, and working knowledge of US securities laws, broker-dealer regulation and ISDA documentation conventions (including working knowledge of the 2002 ISDA Equity Derivative Definitions).
Skills that will help you in the role:
The successful candidate will proactively work with the business, technology and other relevant groups in a collegial manner to achieve results. The ideal candidate will have a passion for understanding the law and regulatory development. The ideal candidate will have superior organization and process skills. The ideal candidate will exhibit superior ethics at all times.
The ideal candidate will possess excellent legal analytical skills, with the ability to think creatively and identify innovative solutions as well as the ability to clearly articulate complex concepts and ideas. The ideal candidate will have proven skills in legal and regulatory risk management.
The right candidate will have excellent stakeholder management and relationship skills combined with the ability to withstand front office pressure and exhibiting excellent negotiation and influencing skills and the ability to balance risk with reward in a commercial environment.
In addition, the right candidate will possess a high degree of self-motivation, the ability to drive for results, a track record of setting and achieving goals and the presence, maturity, and credibility to present effectively to internal and external stakeholders.
Where will you be working?
The role will be based in Barclays’ U.S. headquarters at 745 Seventh Avenue in New York. At Barclays, we offer you an engaging and challenging environment, giving you the opportunity to make the most of your unique set of skills. We also have an extensive range of learning and development initiatives designed to support you both personally and professionally.
Risk and Control Objective:
About the company
Barclays moves, lends, invests and protects money for 48 million customers and clients worldwide.
We have over 325 years of history and expertise in banking. From our beginnings in Lombard Street, London through to the launch of the world’s first ATM and innovative mobile phone payments services, find out more about our achievements to date.
Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.