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Director - Markets Global Contract Services, Americas

$270,000- $320,000/ year
Posted May 01
Full Time
On Site
New York, New York

What will you be doing

About Global Contract Services (GCS):
GCS is a global team within Markets Legal that is primarily responsible for the negotiation and execution of master trading documentation for Barclays’ client-facing Markets business.

 

Overall purpose of role:

The role holder will be responsible for leading a team of legal professionals in the Americas for the negotiation and execution of master trading documentation for Barclays’ client-facing Markets business. The role holder will play an active role in a multi-year transformation of people, processes and technology in furtherance of the GCS mandate. The role holder will work in close collaboration with the Head of GCS, Markets front office personnel and other stakeholders within and outside of Legal and across regions to support the Markets business’ client-facing objectives.

 

Key Accountabilities:

  • Possess subject matter expertise in Markets products and ability to draft and negotiate related master trading documentation for OTC derivatives, repo, reverse repo, securities lending, prime brokerage, and futures and options clearing and execution as well as related collateral documentation.
  • Lead a team of legal professionals whose focus, skills, and development are trained on understanding and supporting the Markets business' wholesale product offerings and wholesale client engagement.
  • Serve as a partner and trusted advisor to senior Markets business leaders in order to understand the business' priorities, identify and manage legal risk, and deliver legal work product accordingly.
  • Operate with speed, pragmatism, and flexibility, especially in the context of the Markets business' areas of strategic growth.
  • Understand and implement regulatory change relevant to the Markets business 
  • Understand multijurisdictional netting and collateral legal opinions and overlay them on the Markets business, including through engagement with Risk and Capital partners to ensure that legal documentation effectively feeds related downstream infrastructure for balance sheet and risk management.
  • Lead GCS's engagement under certain business processes and partner across functional areas, particularly where there are touch-points with client onboarding teams and critical technology processes.
  • Ensure compliance with legal, regulatory and documentation risk controls and adhere to associated guidelines and procedures
  • Identify processes that can be improved around data capture, technology and documentation 

 

What we’re looking for:

B.A. / B.S. 

  • J.D. or equivalent degree
  • New York State Bar or New Jersey State Bar admission
  • 6+ years advising on derivative products, including knowledge of relevant laws and regulations
  • Experience at a law firm handling relevant transactions or relevant experience in-house within the legal department of an investment bank


Skills that will help you in your role:

The lawyer in this role should:

  • 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.  
  • Demonstrate strong interpersonal skills to facilitate positive colleague and client relationships and to ensure collaboration and respect among colleagues consistent with Barclays Values;
    be self-motivated and have the ability to work autonomously and collaboratively in a fast-paced, demanding work environment and to advise stakeholders quickly and precisely on legal risks in order to meet imminent deadlines; and possess 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
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