At a Glance
- Tasks: Provide legal expertise for Barclays' lending products and ensure compliance with financial regulations.
- Company: Join Barclays, a leading global bank committed to innovation and customer service.
- Benefits: Enjoy competitive pay, career development opportunities, and a collaborative work environment.
- Why this job: Be a trusted advisor in a dynamic team, influencing key decisions and shaping banking practices.
- Qualifications: Qualified lawyer with strong communication skills and experience in consumer credit law.
- Other info: Position available in London or Northampton; embrace a culture of respect and integrity.
The predicted salary is between 43200 - 72000 £ per year.
Join us as a Legal Counsel within our Unsecured Regulated Lending team at Barclays. The Unsecured Regulated Lending team provides legal expertise to support all aspects of Barclays’ current and proposed lending product offerings across Retail, Premier, Wealth and Business Banking customer segments including Barclaycard, Barclayloan and overdrafts. As a Barclays Legal Counsel act as a trusted advisor to business stakeholders, providing expert legal advice on financial services lending and payment products, end to end, and in particular giving specialist advice on compliance with applicable legislation including Consumer Credit Act 1974 and Financial Services & Markets Act 2000. To be successful in the role you will need the following: Qualified lawyer – solicitor or barrister Strong communication and influencing skills, good legal drafting skills and an ability to translate legal analysis into pragmatic, commercial and easy to understand advice Experience in Consumer credit law and regulation Strong stakeholder management skills providing check and challenge Pro-active approach to identifying and implementing effective and efficient ways of working within Legal 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 is based in London or Northampton. Purpose of the role To ensure that the consumer banking activities are conducted in compliance with applicable laws and regulations, and to help the bank manage legal and regulatory risks associated with these activities. Accountabilities Development and implementation of best practice legal strategies for risk management and compliance. Proactive consumer banking Legal advice and support to the consumer banking division of the bank on a wide range of legal issues, including regulatory compliance, regulatory change management, consumer protection, and risk management. Representation of the bank in legal proceedings related to consumer banking, such as litigation, arbitration, and regulatory enquiry and investigations. Creation and periodic review of Legal documents in accordance with contractual arrangements policy 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 consumer banking operations. Developing and delivering training programmes to educate employees on legal and regulatory requirements related to consumer banking. 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. Assistant Vice President Expectations To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions. Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes If the position has leadership responsibilities, People 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. OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes. Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues. Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda. Take ownership for managing risk and strengthening controls in relation to the work done. Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function. Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy. Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively. Communicate complex information. ‘Complex’ information could include sensitive information or information that is difficult to communicate because of its content or its audience. Influence or convince stakeholders 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. #J-18808-Ljbffr
Legal Counsel employer: Barclays
Contact Detail:
Barclays Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel
✨Tip Number 1
Familiarize yourself with the Consumer Credit Act 1974 and the Financial Services & Markets Act 2000. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance and risk management.
✨Tip Number 2
Showcase your strong communication and influencing skills by preparing examples of how you've effectively advised stakeholders in previous roles. This will highlight your ability to translate complex legal concepts into practical advice.
✨Tip Number 3
Research Barclays' current lending products and any recent changes in their regulatory environment. Being knowledgeable about their offerings will allow you to engage in meaningful discussions during the interview process.
✨Tip Number 4
Prepare to discuss your experience with legal drafting and compliance strategies. Be ready to provide specific examples of how you've implemented best practices in previous positions, as this aligns closely with the role's responsibilities.
We think you need these skills to ace Legal Counsel
Some tips for your application 🫡
Tailor Your CV: Make sure to customize your CV to highlight your experience in consumer credit law and regulation. Emphasize your strong communication and influencing skills, as well as your legal drafting abilities.
Craft a Compelling Cover Letter: In your cover letter, clearly articulate your understanding of the role and how your background aligns with the responsibilities outlined in the job description. Mention specific examples of how you've provided legal advice in compliance with applicable legislation.
Showcase Stakeholder Management Skills: Demonstrate your stakeholder management skills by providing examples of how you've successfully collaborated with various business divisions. Highlight any experiences where you influenced decision-making or contributed to policy development.
Highlight Proactive Approach: Illustrate your proactive approach to identifying and implementing effective legal strategies. Discuss any instances where you've taken initiative in risk management or compliance within a legal context.
How to prepare for a job interview at Barclays
✨Showcase Your Legal Expertise
Be prepared to discuss your experience with consumer credit law and regulation in detail. Highlight specific cases or projects where you provided legal advice on compliance with legislation like the Consumer Credit Act 1974.
✨Demonstrate Strong Communication Skills
Practice explaining complex legal concepts in simple terms. During the interview, focus on how you can translate legal analysis into pragmatic, commercial advice that stakeholders can easily understand.
✨Highlight Stakeholder Management Experience
Share examples of how you've successfully managed relationships with various stakeholders. Discuss your approach to providing check and challenge, and how you ensure effective collaboration across teams.
✨Emphasize a Proactive Approach
Illustrate your ability to identify and implement efficient ways of working within a legal context. Provide examples of how you've proactively addressed legal risks or compliance issues in previous roles.