At a Glance
- Tasks: Provide regulatory advice, transactional support, and product management in cash management and payments.
- Company: Join Barclays, a leading global bank committed to innovation and excellence.
- Benefits: Enjoy competitive pay, career development opportunities, and a dynamic work environment in London.
- Why this job: Be part of a team that shapes the future of banking while managing legal risks and compliance.
- Qualifications: Qualified solicitor with strong academic record and expertise in payments regulation required.
- Other info: Collaborate globally and develop innovative solutions in a fast-paced corporate banking environment.
The predicted salary is between 48000 - 72000 £ per year.
Join us as a Legal Counsel, Cash Management / Payments Lawyer at Barclays, where you will undertake a mix of providing regulatory advice, transactional support, and product management. Activities will be as varied as opening branches in Europe, implementing Consumer Duty, providing cross-border legal advice to support business opportunities, developing new payment products with a third party, supporting strategies to mitigate the risk of online banking fraud, and negotiating product terms with international businesses.
To be successful in this role you will need to:
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Be a qualified solicitor with strong academic record, or equivalent expertise;
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have a strong background in payments regulation, experience with relevant financial services products and applicable regulations; and
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strong commercial focus and understanding of the management of risk.
You may be assessed on 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 will be based in London.
Purpose of the role
To ensure that the activities of the corporate banking division related to the role’s relevant product set are conducted in compliance with applicable laws, rules and regulations, and to help the bank manage legal and reputational risks associated with these activities.
Accountabilities
- Development and implementation of best practice legal strategies related to the role’s relevant product set, to manage risk related to non-adherence to laws, rules and regulations.
- Subject matter legal advice and support to the Bank’s corporate and investment banking divisions globally on a wide range of transactions and projects across trade and working capital finance, cash management, real estate finance, project finance, asset backed finance, lending and other corporate loan finance.
- Subject matter legal advice and support to the Bank’s businesses and infrastructure functions, including areas such as credit, compliance, risk, product management, tax, finance, fraud, transaction management, structuring and execution, litigation, commercial contract support, and operations, often in close collaboration with other legal teams across departments and jurisdictions.
- Subject matter support in the Legal department’s representation of the bank in legal proceedings related to the role’s relevant product set, such as litigation, arbitration, and regulatory investigations.
- Creation and/or review of legal documents for the relevant product set to ensure the bank’s adherence with applicable laws, rules and regulations. Maintaining and updating legal documentation related to the role’s related product set for the corporate banking division.
- Development and delivery of training programmes to educate employees on legal and regulatory requirements related to the role’s relevant product set.
- 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.
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.
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Legal Counsel, Cash Management / Payments Lawyer employer: Barclays
Contact Detail:
Barclays Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel, Cash Management / Payments Lawyer
✨Tip Number 1
Familiarize yourself with the latest regulations in cash management and payments. Understanding the nuances of these regulations will not only help you in interviews but also demonstrate your proactive approach to staying informed in a rapidly changing field.
✨Tip Number 2
Network with professionals in the financial services sector, especially those who specialize in payments regulation. Building relationships can provide you with insights into the role and may even lead to referrals or recommendations.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed legal risks in previous roles. Highlighting your experience with compliance and risk management will show that you have the practical skills needed for this position.
✨Tip Number 4
Stay updated on current trends in digital banking and payment technologies. Being knowledgeable about innovations in the industry will position you as a forward-thinking candidate who can contribute to the bank's strategic goals.
We think you need these skills to ace Legal Counsel, Cash Management / Payments Lawyer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications as a solicitor and emphasizes your experience in payments regulation and financial services. Use specific examples that demonstrate your understanding of risk management and compliance.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role at Barclays and explain how your background aligns with their needs. Mention your experience with transactional support and product management, and how you can contribute to their corporate banking division.
Highlight Relevant Skills: Clearly outline your key skills that are relevant to the position, such as strategic thinking, business acumen, and your ability to manage legal risks. Provide concrete examples of how you've applied these skills in previous roles.
Showcase Your Knowledge of Regulations: Demonstrate your understanding of applicable laws, rules, and regulations related to cash management and payments. Mention any recent changes in legislation that could impact the role and how you stay updated on these developments.
How to prepare for a job interview at Barclays
✨Showcase Your Regulatory Knowledge
Be prepared to discuss your understanding of payments regulation and how it applies to various financial services products. Highlight any relevant experience you have in navigating complex regulatory environments.
✨Demonstrate Commercial Acumen
Illustrate your ability to balance legal compliance with business objectives. Provide examples of how you've successfully supported business strategies while managing legal risks in previous roles.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and strategic thinking. Prepare to discuss specific scenarios where you identified legal risks and implemented effective solutions.
✨Emphasize Collaboration Skills
Since the role involves working closely with various teams, be ready to share examples of how you've built relationships and collaborated with stakeholders across different functions to achieve common goals.