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VP - APAC GCS

Mumbai, India

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Date live: 10/25/2024

Business Area: Legal

Area of Expertise: Legal

Contract: Permanent

Reference Code: 90391596

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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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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 regimes
  • Has strong understanding of key legal and non-legal risks, and partners with others to manage them
  • Assists in the design and implementation of projects and other longer-term objectives
  • Able to manage projects and matters independently
  • Works effectively within time, resource and budget constraints
  • Able to communicate effectively and manage relationships with both colleagues and internal and external clients
  • Builds strong relationships, especially with other colleagues in the Legal function
  • Displays 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 skills
  • Experience 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 environment
  • Strong 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 support
  • Oversight of regulatory relations
  • Management of litigation portfolio
  • Management of competition law investigations
  • Regulatory 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 negotiations
  • Perform due diligence checks on client’s capacity and authority to enter into documentation
  • Review legal opinions from external counsel in the context of close-out netting, capacity and enforceability issues
  • Support 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 variations
  • Perform 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 negotiation
  • Manage 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 documentation
  • Assist in responding to day-to-day queries from the Business or stakeholders or infrastructure teams
  • Value-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 approaches
  • Assist with preparing management reports
  • Review 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 independently
  • Strong legal analytical skills, ability to identify potential legal risks and issues and employ appropriate solutions
  • Strong communication, influencing and negotiation skills
  • Be 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.

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.

Learn more about Barclays locations

Across our campuses, we offer modern workspaces, collaborative areas, and state-of-the-art meeting rooms. Facilities include wellness rooms, on-site cafeterias, fitness centers, and tech-equipped workstations. Designed for innovation and comfort, they support a dynamic and productive work environment.

Gain access to wellness rooms, gyms and mental health support.

Our welcoming and inclusive culture supports you to bring your whole self to work, explore your potential and pursue your passions.

Modern spaces designed for teamwork and brainstorming.

There’s so much more than work to involve and engage you on campus. From socialising to sports, from community events to volunteering.

Learn more about Barclays locations

Across our campuses, we offer modern workspaces, collaborative areas, and state-of-the-art meeting rooms. Facilities include wellness rooms, on-site cafeterias, fitness centers, and tech-equipped workstations. Designed for innovation and comfort, they support a dynamic and productive work environment.

Health and wellness

Gain access to wellness rooms, gyms and mental health support.

A place where you can belong

Our welcoming and inclusive culture supports you to bring your whole self to work, explore your potential and pursue your passions.

Collaborative Areas

Modern spaces designed for teamwork and brainstorming.

More than work

There’s so much more than work to involve and engage you on campus. From socialising to sports, from community events to volunteering.

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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