Address
Form of workRole Title: Director - US Macro (FX and Rates) Legal Counsel
Location: New York, NY
Salary / Rate Minimum: $270,000
Salary / Rate Maximum: $320,000
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.
What will you be doing:
About US Macro
At Barclays, US Macro provides access to market liquidity and to risk management solutions across a complete suite of rates (derivatives and cash) and FX products in G10 and major emerging markets. With fully-integrated sales, trading, research and electronic trading capabilities, US Macro covers a wide range of market flows for structuring, hedging and liquidity purposes.
About Legal
As a function within Barclays, Legal comprises lawyers and other legal professionals who cover every aspect of Barclays' global business. As a group of dedicated professionals, Legal is an active "partner" to its diverse and world- class businesses and is committed to being "consistently excellent."
Overall purpose of role
In this role, counsel will support Barclays' US Macro in connection with legal and regulatory matters and the Risk Solutions Group - Americas ("RSG"), a hybrid, private-side sales group that bridges investment banking and US Macro trading, and, from time to time assisting with projects sponsored by Legal.
Key Accountabilities
The role requires:
Having subject-matter expertise across a full range of fixed-income products;
Drafting and negotiating trading documentation for vanilla and bespoke transactions;
Communicating, in a precise and clear manner, one's legal analysis and conclusions both verbally and in writing to relevant stakeholders;
Identifying issues and coordinating decision-making in connection with the structuring of transactions and resolution of attendant issues;
Acting as a point of contact to resolve and, as appropriate, to escalate legal and regulatory issues;
Participating in Barclays' internal business-approval processes and risk and governance committees;
Coordinating, and developing partnerships, with the other regional Macro and RSG Legal Advisory teams as well as Compliance professionals to ensure consistent and comprehensive coverage of legal, regulatory and governance issues for US Macro and RSG;
Facilitating and sharing of legal expertise and know-how to promote efficient legal coverage; and
Staying abreast of legal and regulatory developments that affect Macro and RSG.
Working closely with, and communicating directly to, senior Legal Advisory colleagues and relevant stakeholders, including Managing Directors and Directors in US Macro sales and trading, RSG, Credit Risk, Compliance, Business Management and Operations;
Taking a leading role on various legal and regulatory matters;
Fostering a strong team dynamic across US Macro Legal Advisory;
Demonstrating initiative as new challenges, developments and issues arise; and
Possessing the judgment and skills to persuade and to direct various stakeholders in seeking the best outcomes for Barclays.
What we're looking for:
B.A. / B.S. and a J.D.
Admission to the New York State Bar
10 years of legal experience advising on derivative products in FX and Rates (derivatives and cash products), including knowledge of the laws and regulations applicable to derivatives and exempt securities.
Experience at a law firm handling relevant transactions or relevant experience in-house within the legal department of an investment bank.
Skills that will help you in your role:
The lawyer in this role should:
Possess strong written and verbal communication skills in order to convey key legal concepts and regulatory and internal policy requirements to US Macro and RSG as well as sophisticated counsel who represent Barclays' customers and clients;
Demonstrate strong interpersonal skills to facilitate positive colleague and client relationships and to ensure collaboration and respect among colleagues consistent with Barclays Values;
Be self-motivated and have the ability to work autonomously in a fast-paced, demanding work environment and to advise stakeholders quickly and precisely on legal risks in order to meet imminent deadlines; and
Act with integrity and professionalism at all times, consistent with Barclays' Core Values.
