APAC Global Contract Services Negotiator

Purpose of the role

To oversee and manage transactional processes, ensuring compliance with legal and regulatory requirements, and maintaining accurate documentation for financial transactions.  

Accountabilities

• To ensure that the Transaction Services and Documentation activities are conducted in compliance with applicable laws and regulations, and to help the bank manage legal and reputational risks associated with these activities.
• Coordination with internal and external stakeholders, including legal counsel, credit risk management, and other departments, to ensure that transactions are executed in a timely and efficient manner.
• Creation, review, negotiation and management of legal documents such as loan agreements, security documents, and other transactional documents, to ensure execution in a timely and efficient manner.
• Transaction support, including preparation of transaction summaries, conducting due diligence, and support to other departments as needed.
• Development and implementation of transaction processes and procedures to ensure that transactions are executed consistently.
• 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.

Join us as an “APAC Global Contract Services Negotiator” team at Barclays, where you'll be responsible for the negotiation of master trading documentation for the firm’s global markets business, with regional teams situated in the Americas, APAC and EME supporting the respective regions.

To be successful as an “APAC Global Contract Services Negotiator”, you should have experience with industry standard derivatives documentation, or other relevant master agreements commonly used in the financial market, for e.g. OTC derivatives, repurchase transactions, securities lending transactions, familiarity with regulatory margin requirements of relevant regimes.

Person Specification

• Experience with ISDA negotiations; or other relevant master agreements commonly used in the financial market.
• Experience with industry standard derivatives documentation for e.g. OTC derivatives, exchange-traded Futures, product definitions published by ISDA.
• Experience with regulatory margin requirements, e.g. Initial Margin, requirements/Variation Margin requirements under the various regulatory regimes.
• Has strong understanding of key legal and non-legal risks, and partners with others to manage them.
• Assists in the design and implementation of projects and other longer-term objectives.
• Able to manage projects and matters independently.
• Works effectively within time, resource and budget constraints.
• Able to communicate effectively and manage relationships with both colleagues and internal and external clients.
• Builds strong relationships, especially with other colleagues in the Legal function.
• Displays initiative and commitment and builds trust.

Key Accountabilities:

• Produce/draft contract documentation for identified counterparties across a variety of financial products and counterparty types using standard Barclays contract templates.
• Negotiation of various contracts and agreement types across various counterparty types and APAC jurisdictions (ex-Japan).
• Negotiation of regulatory margin related documents (e.g. Initial Margin, Variation Margin documentation).
• Liaise with stakeholders (which may include Treasury, trading desks, Credit Risk, Collateral Management Services and Business etc) to progress negotiations.
• Perform due diligence checks on client’s capacity and authority to enter documentation.
• Review legal opinions from external counsel in the context of close-out netting, capacity, and enforceability issues.
• Support other negotiators in connection with key client facing terms and conditions entered with clients, including drafting of variations and working closely with Markets lawyers on issues associated with those variations.
• Perform execution checks on negotiations completed by other team members, highlighting gaps in approvals obtained/drafting/processes and interaction between systems (e.g. Electronic Closing Form, Agreement Management/Agreement Hub and Unity).
• Support work related to systems and information technology such as e-closing forms and agreement management.
• Update Agreement Management/Agreement Hub (Legal’s internal systems) on a regular basis, to ensure that it correctly reflects the status of each in-flight negotiation.
• Manage Legal GCS projects within a clearly defined framework that emphasizes strong commercial management alongside quality and timely legal deliverables.
• Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture.

Basic /Essential Qualifications

• Tertiary/University or bachelor’s degree (LLB or equivalent).
• Strong legal analytical and drafting skills, communication, time management and organizational skills.

Desired skills/Preferred Qualifications

• Ability to work independently but is also able to work well in a team environment.
• Strong ability to navigate through various IT systems used by the Legal function, e.g. our document management systems, SharePoint, Jet bridge.

You may be assessed on the key critical skills relevant for success in role, such as your technical understanding of the various master trading agreements, e.g. the ISDA, GMRA, GMSLA, and general market practice.

Location- Pune