VP, Regulatory Counsel

Purpose of the role

To ensure that the financial services regulation 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.
• Legal advice and support to the business on regulatory affairs, including regulatory compliance, risk management, and transactional matters.
• Subject matter support in the Legal department’s representation of the bank in legal proceedings related to regulatory matters, such as litigation, arbitration, and regulatory investigations.
• Review of relevant legislation and regulation and creation and review of legal documents, where applicable, 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 operations.
• Developing and delivering training programmes to educate employees on applicable legal and regulatory requirements related to the bank's operations.
• 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

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• 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 be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• 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.

Join Barclays as VP, Regulatory Counsel. The role reports to the Head of U.S. Bank Regulatory Legal, who also serves as General Counsel for Barclays Capital Inc. (“BCI”), Barclays’ U.S. broker-dealer. The U.S. Bank Regulatory Legal team provides U.S. bank regulatory advice to Barclays globally, supports Barclays’ digital assets initiatives by serving as a key regional thought partner and working closely with the broader legal digital assets team, and serves as lead counsel for regulatory capital-related issuances and transactions. As VP, Regulatory Counsel, you would engage broadly on U.S. prudential bank regulatory matters, U.S. broker-dealer regulatory issues, regulatory capital issuance transactions, and emerging digital assets initiatives.

To be successful as VP, Regulatory Counsel, you should have:

• Experience with U.S. bank regulatory prudential rules, including Reg Y (Bank Holding Companies and Change in Bank Control) and Reg W (Transactions Between Member Banks and Their Affiliates)

• Experience with U.S. broker-dealer regulatory issues, including the financial responsibilities rules (15c3-3 and 15c3-1)

• Genuine curiosity and enthusiasm with respect to navigating digital asset-related matters

• New York law license

Some other highly valued skills may include:

• Experience with custody, including in the prime brokerage space

• Strong legal research and analytical skills, particularly with respect to regulation

• Self-motivation, the ability to drive for results, a track record of setting and achieving goals

• Experience of assessing legal and regulatory risk in time pressured and sensitive situations

• Strong attention to detail and sound independent judgement

• Eagerness to learn and ability to work collaboratively

You may be assessed on key critical skills relevant for success in this 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.

 Salary minimum: $200,000

 Salary maximum: $290,000

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