Private Bank Investments Lawyer – Wealth & Private Banking

Barclays

Oct 24

Applications are closed

Job
Full-time
Senior Level
Legal
Banking & Finance
Manchester

Requirements

Experienced investments focused lawyer
Strong knowledge and experience from across the investment product and service universe.
Experience of distribution of services and products on a cross-border basis, not just in the UK
Private banking experience.
Experience with insurance-based investment products, wealth planning (including ISAs) and/or digital assets is desirable.

Responsibilities

Development and implementation of best practice legal strategies to manage risk related to non-adherence of laws, rules and regulations.
Legal advice and support to the bank's Private Bank & Wealth Management division on matters arising from the investment, credit and banking products/services provided by the Private Bank & Wealth Management division.
Subject matter support in the Legal department’s representation of the bank in legal proceedings related to Private Bank & Wealth Management activities, such as litigation, arbitration, and regulatory investigations.
Creation and review of legal documents for the Private Bank & Wealth Management division to ensure the bank’s adherence with applicable laws, rules and regulations. Maintaining and updating form legal documentation for the investment Private Bank & Wealth Management division.
Legal research and analysis to stay up to date on changes in laws and regulations that may impact the bank's Private Bank & Wealth Management activities.
Developing and delivering training programmes to educate employees on legal and regulatory requirements related to the Private Bank & Wealth Management division.
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.
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.

FAQs

What is the primary purpose of the Private Bank Investments Lawyer role?

The primary purpose of the role is to ensure that the activities in the Private Bank & Wealth Management division are conducted in compliance with applicable laws, rules, and regulations, while helping the bank manage legal and reputational risks associated with these activities.

What are the key responsibilities of this position?

Key responsibilities include developing and implementing best practice legal strategies, providing legal advice and support to the Private Bank & Wealth Management division, handling legal proceedings related to Private Bank activities, creating and reviewing legal documents, and delivering training programs on legal and regulatory requirements.

What qualifications are necessary for this role?

Candidates should be experienced investments-focused lawyers with strong knowledge and experience across the investment product and service universe, along with private banking experience. Familiarity with cross-border service distribution and specific investment products is also essential.

Where can this role be based?

This role can be based in either Manchester or Glasgow.

Are there any additional skills that would be highly valued for this position?

Yes, experience with insurance-based investment products, wealth planning (including ISAs), and/or digital assets is desirable.

What kind of leadership expectations are there for a Vice President in this role?

Vice Presidents are expected to contribute to or set strategy, drive requirements, manage resources, and make recommendations for change. They should also demonstrate leadership behaviors that create an environment for colleagues to thrive.

What types of products and services will the Private Bank Investments Lawyer be involved with?

The role will involve services such as wealth planning, discretionary portfolio management, investment advice, dealing and custody, and a range of products including equities, fixed income, FX, OTC derivatives, structured products, funds, and more.

How does the role contribute to risk management within the organization?

The role involves managing and mitigating risks through assessment, ensuring adherence to legal and regulatory requirements, and strengthening controls in relation to the work of the Private Bank & Wealth Management division.

What are the essential qualities expected from all colleagues at Barclays?

All 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.

Will I be involved in training other employees in this role?

Yes, one of the accountabilities includes developing and delivering training programs to educate employees on legal and regulatory requirements related to the Private Bank & Wealth Management division.

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.

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