Legal Negotiator

Job Description

Overview of Citi Citi, the world leading global bank, has approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. Citi provides consumers, corporations, governments and institutions with a broad range of financial productsand services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi enables 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. Team Overview An opportunity has arisen in the Belfast Markets Legal Department for a prominent negotiator role supporting the Rates markets business within Citis Institutional Client Group. This role will involve working closely with Citis external clients as well as the business, EMEA and Global Product Heads for the respective business line and Citi Product Legal/Country Counsel in negotiating, reviewing and analysing legal documentation ona variety of Master Trading Documentation including, but not limited to, ISDA Master Agreements, Credit Support Annexes (including Regulatory IM), Account Control Agreements, Side Letters, GMRAs, GMSLAs, Electronic trading agreements, amendments and variousancillary documentation (e.g. guarantees and NDAs) across a wide range of counterparty types, and in compliance with Citis policies and procedures. The successful candidate must also participate in the development and implementation of key processes and controlswhen 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 regulations 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 butmust also be comfortable to use bespoke documentation structures where required. 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 Banks legal documentation, through telephonic or electronic negotiation and legal lock in sessions / client meetings (where required).
• Close liaison with internal businesses/the product Legal team in London and Country Counsel teams across the globe in connection with the negotiation of legal agreements in the relevant business area. Convey strong commercial awareness and understandingof the desks priorities by ensuring prioritisation of file load is aligned with overall desk goals.
• Work closely with Sales, Banking 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 (including Regulatory IM), Account Control Agreements, Side Letters, GMRAs, GMSLAs, Electronic trading agreements, amendmentsand various ancillary documentation (e.g. guarantees and NDAs) 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 Citis 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 the 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 solutionsare being requested from or offered to clients which may have systems and/or documentation implications

Qualifications

• Relevant/transferable experience
• Comprehensive proficiency in MS Word, PP and Excel
• Excellent interpersonal skills and exercise good and mature judgment
• Excellent grasp of the relevant legal and credit concepts
• Ability to communicate clearly and effectively (written & verbal) at all organisational levels with internal business partners and external customers
• Experience with complex corporate structures including hedge funds, structures involving third party lenders, Special Purpose Vehicles, mutual funds and the like
• Ability to work independently and with limited direct supervision.
• Detail oriented with excellent written and oral communication skills
• 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.
• 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.

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 Offer As well as a competitive salary and consideration for a yearly discretionary bonus Citi offer;

• 23 days paid annual leave
• Award winning pension scheme,
• Life assurance and
• Private medical insurance with Bupa healthcare.

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