VP - US Product Development - Strategic Transaction Group

Job Description

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.

Vice President Expectations

• 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.

Join us as a VP of US Product Development on our Strategic Transaction Group. In this role, you will have the chance to work on developing complex transactions from a tax, accounting, regulatory capital, and financial perspective. You will also serve as the technical expert for transactions as they are progressed through governance and implementation, and will lead discussions with external advisors and critical stakeholder functions along the way. Maintaining collaborative relationships with key stakeholder functions and business partners will be critical in managing the approvals and execution process, as well as identifying new opportunities. This team values institutional knowledge so there is lots of room for long-term career growth.

To be successful as a VP - US Product Development - Strategic Transaction Group, you should have:

• A JD with 2-4 years of relevant working experience in a US tax-technical capacity in a law firm, investment bank, or similar organization

• Excellent written and verbal communication skills

• A holistic, creative approach to problem-solving grounded on a rigorous understanding of technical rules, facts, and uncertainties

• A team-oriented and mature mindset with a willingness to grow

Some other highly valued skills may include:

• Undergraduate degree in a quantitative discipline (e.g., Economics, Finance, Engineering, or Math) or prior quantitative work experience

• LLM in Tax or advanced coursework

• Accounting proficiency (as demonstrated by CPA/CFA or accounting coursework/experience)

You may be assessed on the 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 located in New York City.

This role is regulated by FINRA.

Minimum Salary: $197,000

Maximum Salary: $250,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.