Posted in

Financial Restructuring Counsel

Financial Restructuring Counsel

CompanyBarclays
LocationNew York, NY, USA
Salary$270000 – $330000
TypeFull-Time
DegreesJD
Experience LevelSenior, Expert or higher

Description

Job Description

Purpose of the role

To ensure that activities of the investment banking division are conducted in compliance with applicable laws, rules and regulations, and to help the bank manage legal and reputational risks associated with these activities. 

Accountabilities

Director Expectations

All Senior 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.

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.

The U.S. Financial Restructuring Counsel is Barclays’ sole U.S. bankruptcy and restructuring attorney, providing strategic legal advice and oversight with respect to all touchpoints of Barclays’ businesses with U.S. bankruptcy law.  The role-holder will be a member of the Americas Loans, Leveraged Finance & ICB Legal team and the broader Investment Banking Legal team.

Key responsibilities include:

  • Restructuring & Finance Group (RFG) Coverage: Provide legal counsel to RFG, which arranges debtor-in-possession, exit, and other strategic financing for borrowers, and provide advice to protect Barclays’ interests and enable business success in all phases of restructurings and bankruptcy proceedings.
  • Debt-to-Equity Restructurings:  Provide legal advice and execution support for the SAM and Principal Investments desks in connection with debt-to-equity restructuring transactions pursuant to which Barclays acquires equity in a newly reorganized counterparty as a result of the issuer’s prior loan default.
  • General U.S. Bankruptcy and Distressed Debt Coverage:  Serve as Barclays’ sole internal legal advisor on U.S. bankruptcy law and insolvency-related matters, providing ad hoc advice requested by Barclays colleagues, including but not limited to supporting Barclays’ Commercial Real Estate Asset Management desk in protecting and enforcing its rights as lender to distressed borrowers.
  • Other Team Coverage: Act as Legal representative on advisory and execution work across other areas of team coverage as needed.

    • Essential Skills / Basic Qualifications:

    Desirable Skills / Preferred Qualifications:

    You may be assessed on the key critical skills relevant for success in the role, such as those relating to risk and controls, change and transformation, business acumen, strategic thinking, as well as job-specific technical skills.

    This role is located in New York.

    Minimum Salary: $270,000

    Maximum Salary: $330,000

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

    Benefits

    Not Specified