Derivative Confirmations - Legal Negotiator

Job Description

Overview of CitiCiti 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 financialproducts 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-edgeideas, 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 servicesto 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 Belfasts iconic Titanic Quarter. Role Overview This role is within the Derivative Confirmations Middle Office team, covering GSP, Rates and Equity Derivatives. This is a great opportunity to join a high performing & welcoming team, who directly interact with over 200 global clients and support our tradingdesk across 3 key regions (Europe, Asia and the United States). This role will involve working with Citis external clients as well as the Sales, respective business lines, and Citi Product Legal Counsel in negotiating, reviewing and analysing legal trade level documentation, co-ordinating, implementing and execution ofa variety of Master Confirmation Agreements, across the global library. The successful candidate must also participate in the development, implementation and maintenance of appropriate templates and addressing governance / control issues when they arise andescalating to senior management where appropriate. This is a high-profile global team with exposure to large volumes of trades and high value items. The role involves daily engagement with Front Office, internal stakeholders and 3rd party vendors to reconcile exception items and identify/resolve root cause. The successful candidate will receive supportive training and a personal development plan to help them succeed within this role and develop their career at Citi. Responsibilities

• Negotiating/reviewing Trade level Confirmations with internal/external clients to reach agreement on the contents of the relevant product/commercial documentation, through telephonic or electronic negotiation.
• Close liaison with internal businesses/Product Legal/internal stakeholders in connection with the negotiation of the relevant documentation in the relevant business area. Convey strong commercial awareness and understanding of the relevant businesss prioritiesby ensuring prioritisation of your unconfirmed portfolio.
• Working closely with Product Legal and Derivative lawyers in other regions in ensuring global consistency of the documentation whilst addressing regional differences
• Apply in-depth understanding of how key legal risks differ depending on product and documentation envisaged in relevant jurisdiction(s) and advise the internal stakeholders (Risk and Business) accordingly.
• Develop and maintain up-to-date playbook and other negotiation processes and manuals.
• Ensure key governance and risks and control checks are implemented during documentation process; proactively identify and escalate issues within the relevant Business/Legal.
• Understand impact of applicable regulations on the business area and ensure that Confirmations 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 solutionsare being requested from or offered to clients which may have systems and/or documentation implications.

Experience

• Experience of working in a legal/financial service organisation preferable.
• Experience in negotiation of financial markets trading or product agreements is preferable, or some previous experience of negotiating commercial contracts as a minimum.
• Proven track record in delivering results in a challenging and changing environment.
• ISDA/derivatives experience, banking, capital markets, funds distribution or securitisations background would be beneficial.

Qualifications

• Substantial experience in a related ISDA Legal or Derivative Confirmations role, including any of Equity, Rates or Credit Derivative products
• Proven experience in creating and implementing processes that result in improved business performance
• Effective verbal and written communication and analytical skills

Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience. Education

• Bachelors/University degree or equivalent experience

What We OfferWe 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. Well 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. 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 leadershipteam 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