VP - US Product Development - Strategic Transaction Group

New York, United States

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Date live: Oct. 07, 2024

Business Area: Finance

Area of Expertise: Finance

Reference Code: JR-0000005104

Contract: Permanent

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Join us as a VP of US Product Development on our Strategic Transaction Group. In this role, you will have the chance to work on developing complex transactions from a tax, accounting, regulatory capital, and financial perspective. You will also serve as the technical expert for transactions as they are progressed through governance and implementation, and will lead discussions with external advisors and critical stakeholder functions along the way. Maintaining collaborative relationships with key stakeholder functions and business partners will be critical in managing the approvals and execution process, as well as identifying new opportunities. This team values institutional knowledge so there is lots of room for long-term career growth.

To be successful as a VP - US Product Development - Strategic Transaction Group, you should have:

• A JD with 2-4 years of relevant working experience in a US tax-technical capacity in a law firm, investment bank, or similar organization

• Excellent written and verbal communication skills

• A holistic, creative approach to problem-solving grounded on a rigorous understanding of technical rules, facts, and uncertainties

• A team-oriented and mature mindset with a willingness to grow

Some other highly valued skills may include:

• Undergraduate degree in a quantitative discipline (e.g., Economics, Finance, Engineering, or Math) or prior quantitative work experience

• LLM in Tax or advanced coursework

• Accounting proficiency (as demonstrated by CPA/CFA or accounting coursework/experience)

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills

This role is located in New York City.

This role is regulated by FINRA.

Minimum Salary: $197,000

Maximum Salary: $250,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.

Purpose of the role

To structure, execute and manage complex transactions and other initiatives to be implemented on behalf of Barclays as principal that provide material tax and/or capital benefits to the organisation.

Accountabilities

Identification of new, strategic opportunities for the organisation which would make material contributions to profit after tax (/ returns) and capital.
Conception of complex transactions / solutions which are capable of being implemented to capture the potential PAT/capital benefits from strategic opportunities that have been identified.
Development, implementation and ongoing management of all aspects (including robust controls) of the transactions and/or initiatives that the strategic transactions group is responsible for implementing.
Engagement with counterparties to our transactions, as well as external counsel (principally corporate law and tax law), external accountancy firms (principally in relation to tax).
Development and maintenance of deal models that set out the detailed terms of complex financial instruments, cash flows, accounting, tax and economic benefits associated with a transaction over its life cycle.
Engagement with senior stakeholders across the organisation and taking transactions through a comprehensive set of governance (e.g. tax approvals, transaction approvals, board approvals, Exco approvals, business level approvals, product level approvals).
Development, review and execution of a comprehensive suite of transaction documentation, in conjunction with external counsel.

Vice President Expectations

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.

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.

More about working at Barclays

From New York to Nevada, our Barclays US offices are places where we’ve brought work and wellbeing together to create environments where our people can be at their very best. These are warm, welcoming and diverse communities where everyone’s contribution is recognised and celebrated.

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 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 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.

We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.

While the application process depends on the role, there are some constant steps, which are;

Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps

We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please click here to learn more.

Find out more information 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.

The Barclays Way

This is the spirit of Barclays. It’s why we exist, what we believe and how we behave. But most importantly, it’s how we make decisions, take action and get things done.

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