Job Description

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:

An opportunity has arisen in the Belfast Markets Legal Department for a prominent negotiator role to support key Sales and Trading businesses within Citi\xe2\x80\x99s Institutional Client Group. This role will involve working closely with internal clients as well as Sales and Relationship Managers and Citi Product Legal Counsel in negotiating, reviewing and analysing legal documentation for the key businesses in which we support.

The successful individual will work on drafting and negotiating a broad range of both standard and complex derivatives documentation.

The role includes providing legal, practical and commercial advice to key business stakeholders.

Alongside this, you will be helping senior management to build and lead a team to attain high performance standards, with a focus on supporting continuous improvements in operating practices and processes, including identifying efficiencies, improvements, and opportunities.

Role/Position Overview:

The position will require a strong awareness of the impact of core regulation on the derivatives markets and underlying documentation. The successful individual will work on reviewing/negotiating a broad range of standard legal agreements but must also be comfortable to use bespoke documentation structures.

The overall objective of this role is to provide legal support, advice and guidance across a broad range of practice areas.

\xe2\x80\x8bKey Responsibilities will include:

• 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).
• Assume informal leadership role acting as an escalation point within the Belfast Markets Legal FX, LM and Commodities Team on specific Corporate ISDAs and related matters. Act as the senior Legal contact aligned to the FX, LM and Commodities business working with key stakeholders to closely manage priorities and handle deal specific and episodic trade documentation.
• Close liaison with internal businesses/London Legal in connection with the negotiation of legal agreements in the FX, LM and Commodities business areas. 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, Cleared Swap Documentation, GMRA, EFET Power and Gas Master Agreements, MNAs) 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 risk and / or business approvals are obtained.
• Contribute to the development and implementation of process improvements, through liaising with internal stakeholders such as Risk, Client Risk Facilitation, Client Onboarding, Regulatory Reform, CVA, Operations and Legal.
• Develop and maintain up to date approval matrix/know how documentation for the benefit of the Belfast Markets Legal team.
• Provide formal training sessions where required to Belfast Markets Legal team and supporting functions (including Client Onboarding).
• Ensure key governance and control checks are implemented during documentation process; proactively identify and escalate issues within the relevant business.
• Identify inefficiencies / bottle necks in onboarding and documentation process. Liaise with key stakeholders to provide solutions and implement changes that will enhance client service.
• Understand impact of Dodd Frank, EMIR, FATCA, MRNCCD and other applicable regulations on the business area and ensure that agreements meet with such regulatory requirements.
• Comply with internal and external audits requests to include supplying client documentation and other relevant information as requested by auditors in accordance with specified timeframes.
• Problem solve in order to facilitate solutions to ensure systems and legal documentation can support client offerings. Involvement with product development discussions as and when potential solutions are being requested from or offered to clients which may have systems and/or documentation implications.

Development Value:

The successful candidate will:

• Join a dedicated team and have the opportunity to grow within an in-house legal team.
• The successful candidate will be expected to develop a strong understanding of Citi\xe2\x80\x99s ICG products and services, and ICG client base.
• Comprehensive training on Citi\xe2\x80\x99s businesses and policies will be provided to those transitioning to Citi with transferable skills gained in private practice or in a previous in-house
• Have an opportunity to coach and mentor junior team members and provide quality assurance and control.

Knowledge/Experience:

• Ability to communicate effectively (written & verbal) at all organizational levels with internal business partners and external customers.
• Positive mentality and willingness to tackle new and ever-changing business needs.
• Experience with negotiating guarantees, security agreements, non disclosure agreements and commercial/banking/finance related contracts is essential.
• Experience of acting as a point of escalation within existing job role.
• Ability to work both independently and cross functionally

Skills:

• Sense of urgency combined with excellent interpersonal communication skills
• Comprehensive proficiency in MS Word, PP and Excel
• Strong attention to detail and high levels of accuracy.
• True self-starter with a history of pushing for deadline-driven results
• Be able to jump in and support the team when/where needed

Qualifications:

• Experience of working in a legal/large service orientated organisation.
• Minimum 2.1 classification law degree required.
• Experience of acting as a point of escalation within existing job role

Competencies:

• Exceptional negotiation skills
• Ability to work independently and with limited direct supervision

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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