Prudential Regulation Lawyer

Join us as a Prudential Regulation Lawyer within our Group Corporate & Treasury Legal (GCTL) at Barclays where you will play a leading role in providing professional advice and efficient legal business partnering to key GCTL stakeholders (Finance, Risk, Treasury and transaction structuring teams) and support the Head of GCTL and wider work of the team.

The primary responsibility of this role is to provide advice on UK prudential regulation impacting the Barclays group, with a particular focus on PRA regulatory capital and liquidity requirements. Key areas include:

• Internal reviews of rule interpretations adopted by the bank
• Proposed internal and external transactions
• Regulatory change management and advocacy
• Supporting the internal control environment for compliance with laws, rules, and regulations (LRR)
• Training for colleagues in Legal and areas of the bank

The successful candidate will work closely with a Director in Legal who specialises in this area, as well as with colleagues across the UK, US, and EU Legal teams, and stakeholders in Finance, Risk, Regulatory Relations, and business areas.  Effective stakeholder management and the ability to advise senior stakeholders are key.

Essential skills / Basic qualifications:

• Qualified UK lawyer (solicitor, barrister, or equivalent)
• Experience in financial services at a law firm, in-house, or at a regulator
• Exceptional legal analytical skills and an enjoyment of rule interpretation and legal argument
• Excellent written and spoken communication skills, with the ability to convey complex requirements concisely and accessibly
• Strong personal organisation, including the ability to manage multiple matters concurrently
• The ability to understand new rules and transactions quickly
• Genuine interest in financial regulation and financial products
• Initiative and a desire to learn

Helpful but not essential:

• Background in regulatory capital and liquidity regulation, bank recovery and resolution, or other prudential regulation

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

This role is a full time permanent position based in London.

Purpose of the role

To ensure that the bank’s corporate and corporate governance (including public disclosures). Creation and periodic review of Legal documents in accordance with contractual arrangements policy. 

Accountabilities

• Development and implementation of best practice legal strategies for risk management and compliance.
• Legal advice and support to the bank on a wide range of legal issues, including disclosure and financial reporting, company and corporate law issues, corporate governance, Group Treasury securities issuances and programmes, regulatory capital, recovery and resolution planning and disclosures and contractual arrangements with financial utility providers.
• Representation of the bank in legal proceedings related to company and corporate legislation and regulatory requirements, Barclays’ public disclosures, Group Treasury securities issuances and programmes, recovery and resolution planning and disclosures regulatory capital and network management, such as litigation, arbitration, and regulatory investigations, working together with other internal teams as appropriate.
• Creation and review of legal documents such as public disclosures, results announcements, securities offering documents, contracts, policies, and procedures to ensure compliance with applicable laws and regulations.
• Legal research and analysis to stay up to date on changes in laws and regulations that may impact the bank's corporate and corporate governance, public disclosure, financial reporting, Group Treasury securities issuances, recovery and resolution planning, regulatory capital and network management activities.
• Developing and delivering training programmes to educate employees on legal and regulatory requirements related to corporate and company law issues, corporate governance, treasury securities issuances, recovery and resolution planning, regulatory capital and network management.
• 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.