Legal Counsel – Business Banking Product and Fraud & Scams VP

As a Legal Counsel – Business Banking Product and Fraud & Scams VP, you’ll play a central role in shaping the future of Business Banking products and leading the charge against fraud and scams across Barclays UK (BUK).  In this role you’ll be a trusted advisor providing high‑quality legal advice and proactive legal risk management across Business Banking non‑lending products and propositions and leading legal support for Fraud & Scams matters across BUK.  You’ll provide end‑to‑end legal support on fraud and scams (including APP scams), spanning strategy, investigations, customer remediation and policy/claims frameworks.  You’ll drive innovation through support to product, operations and control teams – helping to shape strategy, simplify propositions, and strengthening fraud and scams prevention and remediation frameworks. You’ll carry out horizon-scanning of evolving regulatory and industry developments to ensure Barclays remains ahead of emerging risks. You’ll advise on product innovation, simplification, product launch/change/withdrawal and customer journeys, ensuring regulatory compliance and robust legal risk rationale. You’ll collaborate and influence in contract drafting and negotiation and you’ll partner with other brilliant legal colleagues across the function on cross-bank legal challenges.

To be successful As a Legal Counsel – Business Banking Product and Fraud & Scams VP, you should have;

• Qualified lawyer with demonstrable consumer product regulatory expertise applied in advisory roles for product development, innovation and simplification

• Working knowledge of the UK fraud and scams legal landscape

• Strong understanding of legal risk management within un a financial institution

• Collaborative mindset with the ability to work effectively with a broad range of stakeholders, balancing priorities in a complex environment

• Ability to provide strategic, commercially-grounded legal advice that balances risk, regulatory expectations and business objectives

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

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.

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.