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Business Banking Legal Counsel

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Barclays

Jan 18

  • Job
    Full-time
    Senior Level
  • Legal
    Banking & Finance
  • Glasgow

AI generated summary

  • You must be a qualified UK solicitor or equivalent, with financial services law experience, strong communication skills, and expertise in banking regulation and compliance.
  • You will provide legal advice on compliance, manage risks, represent in proceedings, create legal documents, conduct training, and build relationships with stakeholders to support consumer banking.

Requirements

  • Solicitor or barrister qualified in the UK or equivalent commonwealth jurisdiction.
  • Experience of working in a law firm and/or in-house with a financial services organisation.
  • Displays good communication, influencing and negotiation skills.
  • Technical expertise in banking regulation and/or secured and unsecured lending, with the ability to work across a broad set of products and sensitivity to the issues presented by a retail-facing business.
  • Regulatory technical expertise in wider financial services including experience of advising on EU regulation (for example, Consumer Credit, Data Protection).
  • Consistently delivers against a broad range of competing targets.
  • Identifies and escalates non-legal as well as legal risk issues.
  • Experience of contributing to the creation of policies and controls.

Responsibilities

  • Development and implementation of best practice legal strategies for risk management and compliance.
  • Proactive consumer banking Legal advice and support to the consumer banking division of the bank on a wide range of legal issues, including regulatory compliance, regulatory change management, consumer protection, and risk management.
  • Representation of the bank in legal proceedings related to consumer banking, such as litigation, arbitration, and regulatory enquiry and investigations.
  • Creation and periodic review of Legal documents in accordance with contractual arrangements policy 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 consumer banking operations.
  • Developing and delivering training programmes to educate employees on legal and regulatory requirements related to consumer banking.
  • 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.
  • 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.

FAQs

What qualifications are required for the Business Banking Legal Counsel position?

Candidates must be a solicitor or barrister qualified in the UK or an equivalent commonwealth jurisdiction, and have experience working in a law firm and/or in-house with a financial services organisation.

What are the essential skills needed for this role?

The essential skills include good communication, influencing and negotiation skills, technical expertise in banking regulation and/or secured and unsecured lending, and the ability to manage risk across a broad set of products.

Is experience with EU regulations preferred?

Yes, regulatory technical expertise in wider financial services, including experience advising on EU regulations like Consumer Credit and Data Protection, is desirable.

Where is this position based?

This role will be based in Glasgow.

What are the main responsibilities of the Business Banking Legal Counsel?

Responsibilities include providing proactive legal advice, representing the bank in legal proceedings, conducting legal research, developing training programs on legal requirements, and ensuring compliance with laws and regulations.

What are the Vice President expectations associated with this role?

Expectations include contributing to strategy, managing policies and resources, demonstrating leadership behaviors, advising key stakeholders, and managing and mitigating risks.

Are there opportunities for career development in this role?

Yes, the role involves training, guiding, and coaching less experienced specialists, offering opportunities for collaboration and professional growth.

What values and mindset are expected from all colleagues?

Colleagues are expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, as well as the Barclays Mindset to Empower, Challenge and Drive.

What type of legal issues will I be working on in this role?

You will work on a wide range of legal issues such as regulatory compliance, regulatory change management, consumer protection, and risk management related to consumer banking.

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Barclays

Barclays is a British multinational bank offering personal, corporate, and investment banking services worldwide.

Finance
Industry
10,001+
Employees
1690
Founded Year

Mission & Purpose

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. 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.