Negotiation Deputy Officer Hybrid

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 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. 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 Citis Institutional Client Group. This role will involve working closely with internal clients as well as Salesand 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, andopportunities. 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 comfortableto 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. Key Responsibilities will include:

• 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).
• 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 workingwith 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 desks priorities by ensuring prioritisationof 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 EMEAspecific 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 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 whichmay 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 Citis ICG products and services, and ICG client base.

Comprehensive training on Citis 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