Strategic Transactions Group AVP

About STG

The Strategic Transactions Group (STG) is a front office team within Barclays Tax with a mandate to execute cross-border and client facing transactions.

STG uses its expertise in transaction execution and management to support Barclays in delivering its capital and return on equity targets.

STG also supports Tax in ensuring the firm's activities are managed in line with our Tax Principles and are subject to robust governance and review.

The Role

The successful candidate will work within the STG team to negotiate, develop and execute the complex and challenging transactions for which STG is responsible (including in our dynamic and expanding business making investments in renewable energy projects).  

They will be required to develop a thorough understanding of tax, accounting and regulatory rules along with financial, commercial and economic concepts (including those specific to the renewable energy sector) which are relevant to STG transactions - and will be able to draw on strong analytical and quantitative skills in complex situations.

Key Accountabilities

• Drive and commercial awareness to execute complex transactions, both internally within Barclays and (in the case of renewable energy projects) with external counterparties
• Ability to analyse and problem-solve through transaction execution and development
• Capability to quantify, model and forecast transaction economics
• Good understanding of / ability to apply tax, accounting, legal and regulatory concepts
• Takes responsibility for both short and long term transaction and risk management

Stakeholder Management and Leadership

• Operates effectively within a high-performing team and networks across the firm
• Writes and presents in a clear and insightful manner and can tailor materials to specific client requirements (in the case of renewable energy projects)
• Initiative and ability to influence commercial decision

To be successful in this role you should have…

• Excellent academic track record
• Initiative, curiosity, focus on detail together with the desire to develop a broad skillset
• Undergraduate degree and/or CFA / ACA / ACCA or equivalent accreditation

It is desirable, but not essential, to possess experience working in a transactional team, within an investment bank, law firm, Big 4 accountancy firm or comparable organization.

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 deemed as a Certified role under the PRA & UK Financial Conduct Authority - Individual Accountabilities Regulations and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Purpose of the role

To structure, execute and manage complex transactions and other initiatives to be implemented on behalf of Barclays as principal that provide material tax and/or capital benefits to the organisation. 

Accountabilities

• Identification of new, strategic opportunities for the organisation which would make material contributions to profit after tax (/ returns) and capital.
• Conception of complex transactions / solutions which are capable of being implemented to capture the potential PAT/capital benefits from strategic opportunities that have been identified.
• Development, implementation and ongoing management of all aspects (including robust controls) of the transactions and/or initiatives that the strategic transactions group is responsible for implementing.
• Engagement with counterparties to our transactions, as well as external counsel (principally corporate law and tax law), external accountancy firms (principally in relation to tax).
• Development and maintenance of deal models that set out the detailed terms of complex financial instruments, cash flows, accounting, tax and economic benefits associated with a transaction over its life cycle.
• Engagement with senior stakeholders across the organisation and taking transactions through a comprehensive set of governance (e.g. tax approvals, transaction approvals, board approvals, Exco approvals, business level approvals, product level approvals).
• Development, review and execution of a comprehensive suite of transaction documentation, in conjunction with external counsel.

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.