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The Payments Product and Regulatory Legal Team is responsible for all legal advice relating to payments activity across Barclays, which is one of the most comprehensive payments businesses in the UK. The team supports colleagues across Barclays on projects and new products, works on transactions with clients and strategic partners and advises on regulation and legal risk. This is an excellent role for someone looking to develop their in-house career with a focus on a growing and dynamic sector. As a Payments Legal Counsel VP, you would have the support, training and resources of a global organisation behind you to help you maximise your potential.
Job Responsibility:
Development and implementation of best practice legal strategies for risk management and compliance
Legal advice and support to the bank's payments-related activities including merchant acquiring, card issuance, cross currency payments, payment systems and mobile payments
Representation of the bank in legal proceedings related to payment services, such as litigation, arbitration, and regulatory investigations
Creation and review of legal documents such as payment services agreements, cardholder agreements, and other payment-related agreements to ensure compliance with applicable laws and regulations and, where relevant, negotiate with counterparties
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
Requirements:
Qualified solicitor
In-depth knowledge of and experience advising on the Second Payment Services Directive and the Payments Service Regulations
Providing advice on foreign exchange products
Detailed understanding of the Good Customer Authentication requirements and the relevant Regulatory Technical Standards
Considerable communication and influencing skills – verbal and written (technical and non-technical)
Analysis, judgment, self-starter and integrity
Nice to have:
Prior in-house experience
Understanding of the Consumer Credit Act
Considerable commercial focus
Willingness to undertake varied tasks and expand knowledge into other areas
What we offer:
Focus on wellbeing
Unique initiatives to enhance your wellbeing like our colleague allotment