Private Markets Funds Lawyer VP

Job Description

Purpose of the role

To ensure that the bank’s funds and asset management activities 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 to manage risk related to non-adherence of laws, rules and regulations.
• Legal advice and support to the bank's funds and asset management businesses on legal matters including the structuring, manufacture and distribution of funds.
• Subject matter support in the Legal department’s representation of the bank in legal proceedings related to the funds and asset management activities, such as litigation, arbitration, and regulatory investigations.
• Creation and review of legal documents such as fund offering documents, investment management agreements, distribution and placement agent agreements and other fund related agreements to ensure compliance with applicable laws, rules and regulations. 
• Legal research and analysis to stay up to date on changes in laws and regulations that may impact the funds and asset management activities.
• Developing and delivering training programmes to educate employees on legal and regulatory requirements related to funds and investment management activities.
• 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 us as a Private Markets Funds Lawyer VP, within Barclays Funds & Asset Management Legal Team. In this role you will play a key role in providing legal and regulatory advice with respect to the funds and asset management businesses across Barclays. Key support in this role will be provided to the Private Markets business within the Private Bank.

Primarily, you will be responsible for advising on the manufacture, maintenance and global distribution of private funds domiciled in Luxembourg. As the private markets funds established are feeder funds and fund of funds, you will support the business on legal review of underlying investments. Additionally, support may be required across a broad range of fund products including UCITS, QIAIFs and hedge funds domiciled across the UK, Luxembourg, Ireland and Jersey.  The role will also provide support on the implementation of all aspects of regulatory change (including sustainability) as it impacts the Barclays funds and asset management businesses across Barclays.

Key skills required for this role include:

• Experienced private markets funds lawyer;
• Strong knowledge and experience of Luxembourg Reserved Alternative Investment Funds (RAIF);
• Experience of advising funds on global distribution of private markets funds to HNW retail clients;
• Good working knowledge of key regulations applicable to funds, asset managers and fund distribution including UCITS, AIFMD, MIFID, SFDR and SDR; and
• Strong interpersonal and communication skills. Able to work effectively as a part of a team and build trust and strong relationships with colleagues and stakeholders.

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