Overview of Citi
Citi is a world-leading global bank. We have approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. We provide consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. We enable clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.
Citi Belfast is one of the largest employers in Northern Ireland with a diverse and talented team of over 3000 people from over 40 different nationalities across our four Belfast offices.
We are the only global investment bank operating in Northern Ireland. Every day, our local experts interact with global teams in over 100 countries developing and supporting next-generation technology solutions for the enterprise and delivering critical services to the bank and its customers, to make sure we are a stronger and safer organization for our clients.
You will have a truly global reach, which will provide you with new experiences and development opportunities right here in Belfast\xe2\x80\x99s iconic Titanic Quarter.
Team/Function Overview
Citi\xe2\x80\x99s Legal Department in Belfast is a team of approximately 130 staff, covering a range of products and services across Citi\xe2\x80\x99s Europe Middle East and Africa region (known as \xe2\x80\x9cEMEA\xe2\x80\x9d).
The Belfast Legal Department provides a range of services, support and advice to many business areas with a particular focus on Citi\xe2\x80\x99s Institutional Client Group; incorporating transaction negotiation, master agreement negotiation, and oversight of compliance and regulatory requirements.
An exciting opportunity has arisen in the Belfast Markets Legal Department for a Negotiation Associate Officer role supporting certain businesses, primarily the Commodities business, within Citi\xe2\x80\x99s Institutional Client Group.
Role / Position Overview
This role will involve working closely with Citi\xe2\x80\x99s external clients as well as the Sales, EMEA and Global Product Heads for the respective business line and Citi Product Legal Counsel in negotiating, reviewing and analysing legal documentation whilst responsible for overseeing and advising the team of negotiators in drafting, negotiating, co-ordinating, implementing and execution of a variety of Master Trading Documentation including, but not limited to, ISDA Master Agreements, Credit Support Annexes, Account Control Agreements, Side Letters, Electronic trading agreements, EFET Master Agreements, MNAs, Emissions Annex, amendments and various ancillary documentation (e.g. guarantees and NDAs) across a wide range of counterparty types, and in compliance with Citi\xe2\x80\x99s policies and procedures. The successful candidate must also participate in the development and implementation of key processes and controls when documenting new clients, addressing governance / control issues when they arise and escalating to senior legal where appropriate.
The position will require an awareness of the impact of core regulation on the derivatives markets and underlying documentation. The successful individual will work closely with the team on reviewing/negotiating a broad range of standard legal agreements but must also be comfortable to use bespoke documentation structures.
Responsibilities:
The position will involve a number of responsibilities including but not limited to:
Negotiating/reviewing legal agreements with internal/external customers to reach agreement on the contents of the Bank\xe2\x80\x99s legal documentation, through telephonic or electronic negotiation and legal lock in sessions / client meetings (where required).
Close liaison with internal businesses/London Legal in connection with the negotiation of legal agreements in the relevant business area. Convey strong commercial awareness and understanding of the desk\xe2\x80\x99s priorities by ensuring prioritisation of file load is aligned with overall desk goals.
Work closely with Sales and Relationship Managers and Product heads to manage customer expectations and ensure documentation is in place ahead of regulatory or business deadlines, where required.
Interpret key commercial concepts from an array of trading agreements (including ISDA Master Agreements, Credit Support Annexes, Termination Agreements, Account Control Agreements, Electronic trading agreements, EFET Master Agreements, MNAs, Emission Annexe, amendments and various ancillary documentation and incorporate into EMEA specific documentation, accounting for the necessary regulatory and/or jurisdictional changes where required.
Apply in-depth understanding of how associated risks differ depending on product and documentation envisaged in relevant jurisdiction(s) and advise Risk and Business accordingly.
Ensure Citi\xe2\x80\x99s internal and regulatory policies are maintained, and where deviations are necessary, ensuring appropriate legal risk and / or business approvals are obtained.
Contribute to the development and implementation of process improvements, through liaising with internal stakeholders such as Technology, Risk, Client Risk Facilitation, Client Onboarding, Regulatory Reform, CVA, Operations and Legal.
Ensure key governance and control checks are implemented during documentation process; proactively identify and escalate issues within the relevant business.
Understand impact of applicable regulations on the business area and ensure that agreements meet with such regulatory requirements.
Problem solve in order to facilitate solutions to ensure technology systems and legal documentation can support client offerings in order to drive forward the client experience. Involvement with technology development discussions as and when potential solutions are being requested from or offered to clients which may have systems and/or documentation implications.
The successful candidate, as part of the wider Belfast Markets Legal team, will undertake a broad variety of tasks many of which entail direct and regular interactions with senior stakeholders, both regionally and globally. Broadening experience of Citi\xe2\x80\x99s ICG products and services and client base.
Qualifications:
Experience of working in a legal/financial service organisation preferable.
Experience of negotiating commercial contracts is advantageous but not essential.
Proven track record in delivering results in a challenging and changing environment.
Skills:
Excellent interpersonal communication skills.
Working knowledge of PC operating systems, particularly Microsoft Word and Excel.
Ability to communicate clearly and effectively (written & verbal) at all organisational levels with internal business partners and external customers.
Ability to effectively project manage and organise own workload meeting key milestones
Strong attention to detail and high levels of accuracy.
True self-starter
Ability to provide continuous feedback and to regularly follow up on all outstanding issues.
Unwavering commitment to co-operative and collaborative working
Strategic and goal-orientated focus.
The workload is high volume and will require the candidate to work quickly and efficiently
Education:
The successful candidate must have a high quality academic record including a degree qualification in the discipline of law.
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Competencies:
Good command of English grammar.
Exceptional communication and negotiation skills
Proactive & show initiative
Confidence
Customer service orientation
Team-working
Effective planning & organisation
Attention to detail & accuracy
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
What we Offer
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
We\xe2\x80\x99ll provide you with the resources to meet your unique needs, empower you to make healthy decisions, and allow you to choose which benefits suit you and your personal life best.
Visit our page to learn more.
Highlights to our core benefits include:
Award winning pension
On-site health services
Private medical insurance packages to suit your personal circumstances
Paid parental leave
Generous holiday allowance starting at 27 Days plus bank holidays; increasing with tenure
Citi Belfast also champions diversity within our workforce, which helps us be well and live well together. We have over 40 different nationalities in our Northern Ireland offices, are a vocal supporter of LGBTQ+ rights, and are proud to have 47% of our leadership team made up of individuals who identify as women.
We encourage and lead inclusivity through our Pride, Disability, Multicultural, Families Matter, and Women affinity networks that are run by and for, Citi Belfast colleagues; providing them with the support they need in their personal and professional journeys and supplying them with the tools to help educate colleagues on all things related to each network to help us work better together.
Job Family Group: Legal
Job Family: Legal Professionals
Time Type: Full time
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi\xe2\x80\x9d) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review .
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