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Director, Secured Issuance, GCTL

London, United Kingdom

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Date live: 12/06/2024

Business Area: Legal

Area of Expertise: Legal

Contract: Permanent

Reference Code: JR-0000025742

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Barclays Legal

Join the Legal team to protect Barclays, its employees, and its brands while ensuring global competitiveness and compliance with legal standards. Your responsibilities will include risk mitigation, managing strategic transactions, and overseeing business contracts.

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  • The primary focus of the role is to lead execution of, advise on and manage both existing and new securitisation platforms by supporting Treasury’s Principal Funding and Securitisation teams in their execution and day-to- day management of such platforms through direct interactions and committee and governance processes. As part of this, the role involves ensuring that Legal consistently has a “seat at the table” and a strong strategic partnership with the businesses.
  • The role will involve working on forward flow deals, the firm’s collateral arrangements with central banks, and interpretation of and advising on complex regulatory issues, including in relation to the Securitisation Regulation, CRR and the ring-fencing regime (EAPO).
  • The candidate will be expected to provide regular briefings to senior members of the Legal function around the risk profile of the business.
  • The candidate will need to collaborate closely with external counsel to understand and mitigate risk whilst controlling costs.
  • The role will require the candidate to work with colleagues from across the Legal Function, Finance Regulatory Policy, tax and other areas including across Barclays’ global footprint to ensure that subject matter experts are fully involved all relevant discussions. 
  • The candidate will need to collaborate closely with external counsel to understand and mitigate risk whilst controlling costs.
  • The candidate will need take ownership for a large number of existing platforms and act as a legal coverage Lead within the firm’s issuance governance process.   In addition, the candidate will need to own responsibility for a number of deliverables related to securitisation in supporting wider legal function initiatives in managing legal risk.

Stakeholder Management and Leadership

  • Stakeholder management of the various Treasury business teams involved in securitisation will be key to this role and engagement with stakeholders at Treasurer-level will be necessary, as well as presentation at various fora and boards.
  • The candidate will need to manage challenges from a wide range of internal stakeholders, including from outside Treasury, and demonstrate ability to drive through solutions whilst at the same time appropriately mitigating relevant risks for Barclays.

Essential Skills/Basic Qualifications:

  • Qualified lawyer (preferably English law) with strong experience supporting securitisation and advising upon the related regulatory landscape, including in relation to significant risk transfer transactions.
  • Proven experience playing an active role in governance committees within a financial services organisation and managing and implementing control processes.
  • Detailed knowledge and understanding of the UK regulatory framework in which Barclays operates.
  • Highly proactive, organised and resourceful.
  • Excellent communicator with the ability to analyse complex issues and present the analysis and recommendations in a clear and concise way for all stakeholders.
  • Capable of delivering creative solutions in difficult situations and under pressure.

Desirable skills/Preferred Qualifications:

  • Strongly desired: Experience of Residential Mortgage Backed Securitisation, credit card master trusts and Collateral Loan Obligations.
  • Experience of significant risk transfer securitisations and the application of the CRR.
  • Deep familiarity with offering and listing rules, central bank facilities.
  • Useful: knowledge of derivatives and/or the ring-fencing rules.

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.

Director Expectations

  • To manage a business function, providing significant input to function wide strategic initiatives. Contribute to and influence policy and procedures for the function and plan, manage and consult on multiple complex and critical strategic projects, which may be business wide..
  • They manage the direction of a large team or sub-function, leading other people managers and embedding a performance culture aligned to the values of the business. Or for an individual contributor, they lead organisation wide projects and act as deep technical expert and thought leader, identifying new ways of working and collaborating cross functionally. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
  • Provide expert advice to senior functional management and committees to influence decisions made outside of own function, offering significant input to function wide strategic initiatives.
  • Manage, coordinate and enable resourcing, budgeting and policy creation for a significant sub-function.
  • Escalates breaches of policies / procedure appropriately.
  • Foster and guide compliance, ensure regulations are observed that relevant processes in place to facilitate adherence.
  • Focus on the external environment, regulators, or advocacy groups to both monitor and influence on behalf of Barclays, when appropriate.
  • Demonstrate extensive knowledge of how the function integrates with the business division / Group to achieve the overall business objectives.
  • Maintain broad and comprehensive knowledge of industry theories and practices within own discipline alongside up-to-date relevant sector / functional knowledge, and insight into external market developments / initiatives.
  • Use interpretative thinking and advanced analytical skills to solve problems and design solutions in often complex/ sensitive situations.
  • Exercise management authority to make significant decisions and certain strategic decisions or recommendations within own area.
  • Negotiate with and influence stakeholders at a senior level both internally and externally.
  • Act as principal contact point for key clients and counterparts in other functions/ businesses divisions.
  • Mandated as a spokesperson for the function and business division.

All Senior 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.

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.

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re a global, vital and highly respected financial organisation with an inspiring Purpose. Operating in 39 countries and employing around 100,000 people across the world, we help communities, individuals and businesses thrive. And we’ve created financial solutions and technology that the world now takes for granted. A career with us can offer incredible variety, depth and breadth of experience, and the chance to learn from some of the best minds in technology and finance.

To find out more about Barclays' strategy please click here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.

We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

This is Barclays London

Our global HQ is in Canary Wharf, at the heart of London’s financial district. There are over 10,000 colleagues here – a hugely diverse workforce made up of the world’s best financial and tech talent. If you love the buzz of city life, this is the place to be.

Cycle or run to work? We’ve got everything you need – from cycle hire and parking areas to new showering and changing facilities.

CoSpace is our drop-in co-working space, where networks are built, problems are solved collectively and our community is strengthened.

Our Wellness Suite includes a well-equipped gym and exercise studios, and provides personal training sessions and massage therapy.

Our new trading floors enhance communication, integrate sustainability, and support health and wellbeing through innovative design and British-sourced furniture.

This is Barclays London

Our global HQ is in Canary Wharf, at the heart of London’s financial district. There are over 10,000 colleagues here – a hugely diverse workforce made up of the world’s best financial and tech talent. If you love the buzz of city life, this is the place to be.

Supporting active commuters

Cycle or run to work? We’ve got everything you need – from cycle hire and parking areas to new showering and changing facilities.

Time to connect

CoSpace is our drop-in co-working space, where networks are built, problems are solved collectively and our community is strengthened.

Wellbeing in focus

Our Wellness Suite includes a well-equipped gym and exercise studios, and provides personal training sessions and massage therapy.

Advanced trading floors

Our new trading floors enhance communication, integrate sustainability, and support health and wellbeing through innovative design and British-sourced furniture.

Be you. Be valued. Belong.

We celebrate the unique perspectives and experiences each individual brings, believing our differences make us stronger and drive success. Our colleague networks offer connection, support, and growth, while our "This is Me" series shares the unique stories of our colleagues. Committed to diversity, equity, and inclusion, Barclays values you for who you are and ensures you truly belong.

You can learn more about our commitment to our colleague on our DE&I page.  

Learn more

Application Process

Your application

We’ll ask for information about you, your CV and cover letter.

1

Your assessment

Covering your behaviours and ability at work.

2

Your interview

Exploring your past experiences and skills.

3

Next step

We’ll request additional information so that you can complete our screening process

4
How to ApplyRead our FAQ's
Barclays

Working flexibly

We’re committed to providing an inclusive culture and environment, that 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.

Our approach to working flexibly is designed to support you to balance your life and to accommodate diverse needs, whilst still allowing us to meet our business needs. If you’d like to request a flexible working arrangement, please discuss this with your hiring manager.

Hybrid working: Our approach to hybrid working ensures there’s the right balance of working alongside colleagues at our onsite locations, as required for each role. For business areas that offer a hybrid working experience, this will be in a structured way, where colleagues work at an onsite location on fixed, ‘anchor’, days of the week. Some roles may require full onsite working. Please discuss the working pattern requirements for the role you are applying for with the hiring manager.

We continue to embed and review our hybrid working environment and remain in a phase of testing and learning. This means that working arrangements could change, with reasonable notice, to align with the needs of our business.

Barclays is built on an international scale.

Our geographic reach, our wide variety of functions, businesses, roles and locations reflect the rich diversity of our worldwide customer base. All of which means we offer incredible variety, depth and breadth of experience.
And the chance to learn from a globally diverse mix of colleagues, including some of the very best minds in banking, finance, technology and business. Throughout, we’ll encourage you to embrace mobility, exploring every part of our operations as you build your career.

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