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Legal Counsel

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Barclays

1mo ago

  • Job
    Full-time
    Senior Level
  • Legal
  • London

AI generated summary

  • You must be a qualified solicitor or barrister with consumer credit law experience, strong communication, legal drafting skills, and effective stakeholder management abilities.
  • You will advise on legal and compliance matters, represent the bank in proceedings, develop training, create legal documents, manage risks, and influence decision-making across teams.

Requirements

  • 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

Responsibilities

  • 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.
  • 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.

FAQs

What is the main focus of the Legal Counsel role at Barclays?

The main focus of the Legal Counsel role is to provide legal expertise to support all aspects of Barclays’ lending product offerings, ensuring compliance with applicable laws and regulations, specifically in the areas of consumer credit law and regulation.

What qualifications are required to apply for this role?

Candidates need to be qualified lawyers, either solicitors or barristers, with experience in consumer credit law and regulation.

What skills are essential for success in this position?

Essential skills include strong communication and influencing skills, good legal drafting ability, strong stakeholder management skills, and a proactive approach to improving processes within the legal team.

Where is this role based?

This role can be based either in London or Northampton.

What are the key responsibilities of the Legal Counsel?

Key responsibilities include providing legal advice on compliance and regulatory issues, representing the bank in legal proceedings, reviewing legal documents, conducting legal research, and delivering training programs related to legal and regulatory requirements.

What are the expectations for an Assistant Vice President in this role?

Expectations include advising on decision-making, leading a team, managing risk, developing policies, and collaborating with other business functions.

How does Barclays expect its employees to embody its values?

Barclays expects all colleagues to demonstrate values of Respect, Integrity, Service, Excellence, and Stewardship, as well as embody the Barclays Mindset of Empower, Challenge, and Drive.

Is there a specific focus on training within the Legal Counsel role?

Yes, developing and delivering training programs to educate employees on legal and regulatory requirements related to consumer banking is a responsibility of the role.

Will the role involve managing legal risks?

Yes, one of the primary purposes of the role is to help the bank manage legal and regulatory risks associated with consumer banking activities.

Does this position involve teamwork with other departments?

Yes, collaboration with other functions and business divisions is a critical aspect of the role to ensure effective legal support across the organization.

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Barclays

Finance
Industry
10,001+
Employees
1690
Founded Year

Mission & Purpose

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.