Person Specification

Experience with ISDA negotiations; or other relevant master agreements commonly used in the financial market.Experience with industry standard derivatives documentation for e.g. OTC derivatives, exchange-traded Futures, product definitions published by ISDA Experience with regulatory margin requirements, e.g. Initial Margin requirements/Variation Margin requirements under the various regulatory regimesHas strong understanding of key legal and non-legal risks, and partners with others to manage themAssists in the design and implementation of projects and other longer-term objectivesAble to manage projects and matters independentlyWorks effectively within time, resource and budget constraintsAble to communicate effectively and manage relationships with both colleagues and internal and external clientsBuilds strong relationships, especially with other colleagues in the Legal functionDisplays initiative and commitment, and builds trust

Essential Skills/Basic Qualifications:

Tertiary/University or Bachelor Degree (LLB or equivalent)Strong legal analytical and drafting skills, communication, time management and organisational skillsExperience with industry standard derivatives documentation, or other relevant master agreements commonly used in the financial market, for e.g. OTC derivatives, repurchase transactions, securities lending transactions, familiarity with regulatory margin requirements of relevant regimes

Desirable skills/Preferred Qualifications:

Ability to work independently but is also able to work well in a team environmentStrong ability to navigate through various IT systems used by the Legal function, e.g. our document management systems, Sharepoint, Jetbridge

About Legal

Managing Barclays' Legal risk is the fundamental responsibility of the Legal function. Our mission is 'to protect and create value for Barclays by managing legal risks and advancing opportunities', i.e. to protect and build the bank. Our role includes:

Provision of business coverage and support, including commercial contracts, employment, intellectual property and transactional / deal supportOversight of regulatory relationsManagement of litigation portfolioManagement of competition law investigationsRegulatory strategy and policy

About GCS
GCS is responsible for the negotiation of master trading documentation for the firm’s global markets business, with regional teams situated in the Americas, APAC and EME supporting the respective regions. The range of master agreements managed by the GCS team  includes the  ISDA, GMRA, GMSLA and local law derivatives master documentation, securities financing documentation and certain prime services documentation. During the course of negotiations, GCS interacts with both internal and external clients and ensures that documentation entered into are in  compliance with regulatory requirements, risk management frameworks and internal Barclays Policies and Policy Standards

­­­­­­­­­­­­­­­­­­[For all perm job adverts except for the US where the mandatory EEO statement must be included please include the following statement “We are an equal opportunity employer and we are opposed to discrimination on any grounds.” or local/legislative Diversity and Inclusion wording]

Working Flexibly

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. 

If you would like some flexibility then please discuss this with the hiring manager

­­­­­­­­­­­­­­­­­­[For all perm job adverts except for the US where the mandatory EEO statement must be included please include the following statement or local/legislative Diversity and Inclusion wording]

We are an equal opportunity employer and we are opposed to discrimination on any grounds.”

Overall purpose of role

The candidate will be involved in the negotiation of master trading documentation for the firm’s global markets business and be recognised as a subject matter expert on the master agreements managed by GCS. The candidate will also be expected to maintain a strong risk and control environment, actively contribute to the team’s knowledge base and knowledge share with other members of the team.

Key Accountabilities

Produce/draft contract documentation for identified counterparties across a variety of financial products and counterparty types using standard Barclays contract templates.Negotiation of various contracts and agreement types across various counterparty types and APAC jurisdictions (ex-Japan)Negotiation of regulatory margin related documents (e.g. Initial Margin, Variation Margin documentation)Liaise with stakeholders (which may include Treasury, trading desks, Credit Risk, Collateral Management Services and Business etc) to progress negotiationsPerform due diligence checks on client’s capacity and authority to enter into documentationReview legal opinions from external counsel in the context of close-out netting, capacity and enforceability issuesSupport other negotiators in connection with key client facing terms and conditions entered into with clients, including drafting of variations and working closely with Markets lawyers on issues associated with those variationsPerform execution checks on negotiations completed by other team members, highlighting gaps in approvals obtained/drafting/processes and interaction between systems (e.g. ECF, Agreement Management and Unity)Support work related to systems and information technology such as e-closing forms and agreement management.Update Agreement Management (Legal’s internal system) on a regular basis, to ensure that it correctly reflects the status of each in-flight negotiationManage Legal GCS projects within a clearly defined framework that emphasises strong commercial management alongside quality and timely legal deliverables.Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture.

Stakeholder Management and Leadership

Strong understanding of Barclays’ policies (Treasury, Trading, Credit) and ability to apply policy requirements consistently to daily decision when negotiating documentationAssist in responding to day-to-day queries from the Business or stakeholders or infrastructure teamsValue-adds to the team by contributing to team know-how folders, e.g. updating outdated know-how/templates, identifying commonly encountered client requests and sharing approachesAssist with preparing management reportsReview and update agreement templates, including providing guidance in the context of jurisdictional nuances or counterparty types

Decision-making and Problem Solving

Able to work independently and effectively within time, resource and budget constraints and is capable of making routine decisions independentlyStrong legal analytical skills, ability to identify potential legal risks and issues and employ appropriate solutionsStrong communication, influencing and negotiation skillsBe familiar and up-to-date with regulatory developments and requirements, in order to ensure documents signed are in compliance with applicable laws and regulations

Risk and Control Objective

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.