Legal Inventory Manager UK VP

As a member of the Legal Inventory Management (LIM) UK team, you will have responsibility for the development and maintenance of the UK LRR Inventory. The role holder will work in collaboration with stakeholders across the Legal function, and with the first and second lines of defence, to embed the new framework for the management of “LRR Risk” (the risk of non-compliance with laws, rules and regulations, or “LRRs”).  This will include: 

• Supporting compliance with global regulatory requirements concerning LRR Risk 
• Supporting the co-ordination of, maintaining, and overseeing the effectiveness of Legal procedures relating to LRR Risk
• Developing, managing and maintaining the inventory of UK LRRs and in relation to this; 
  • Defining and conducting assurance for data governance and quality control requirements 
  • Creating and producing appropriate MI to be provided to senior governance forums 
• Driving collaboration across the Legal function and control functions to enhance consistency of LRR interpretation, address legal and regulatory change, and manage LRR Risk
• Providing input required from Legal to Technology for the functionality relating to the LRR inventory database and associated workflow and reporting
• Supporting the creation of an effective risk and control culture as a subject matter expert on LRR Risk, as well as supporting the Chief Controls Office, Compliance and Internal Audit functions in relation to their oversight of the same.

In support of the above, the role holder will work in partnership with the Compliance, Risk, Chief Controls and key stakeholders across the bank on a high profile project to design, implement and deliver embedment of activities and processes associated with Barclays’ LRR Risk framework. 

The role holder will be required to demonstrate the ability to contribute to decisions on matters of group level importance and for which there is close regulatory oversight. They will be expected to synthesise insights and inputs from across multiple workstreams and teams on complex matters relating to LRRs, and help to form impartial, effective and strategic conclusions.  Core to the role will be the individual’s capability in identifying improvements to the risk and control framework and whilst providing appropriate challenge.

The role holder will also be expected to build and manage an effective internal and external stakeholder network. This role will require interpersonal and leadership skills to work with and support the Global and UK Heads of LIM to drive and deliver strategy for the LIM team. This is in addition to supporting a cultural change across the UK Legal function for risk management and the control environment for LRR risk.

Essential Skills/Basic Qualifications: 

• Qualified solicitor or equivalent
• Experience working in Legal functions within the financial services sector. 
• Proven track record for delivery and execution of regulatory commitments/ high profile projects. 
• Experience and knowledge of Barclays risk and control framework.  
• A strong background in the creation of and curiosity for enhancing Legal controls and procedures. 
• Ability to assimilate information quickly. 
• Builds strong risk partnerships with colleagues in other functions. 
• Displays strong interpersonal and communication skills. 
• Supports and develops other members of the team and is able to act as a mentor and role model to develop junior team members.  

Desirable skills/Preferred Qualifications: 

• Experience engaging with senior stakeholders. 
• Consistently delivers against a broad range of competing priorities. 
• Makes recommendations for, and can implement, change. 
• Proactively collaborates across different teams and geographies both within and beyond Legal to break down silos.

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.