Senior Negotiation Counsel

Recruiter
Citi
Location
Belfast, United Kingdom
Salary
Competitive
Posted
28 Jul 2022
Closes
11 Aug 2022
Ref
16084685
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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 products and 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-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.

Team Overview

Citi's Legal Department in Belfast is a team of approximately 170 legal counsel/professionals, covering a range of products and services across Citi's Europe Middle East and Africa region (known as "EMEA").
The Belfast Legal Department provides a range of services, support and legal advisory work to many business areas with a particular focus on Citi's Institutional Client Group; incorporating transaction negotiation, master agreement negotiation, and oversight of compliance and regulatory requirements.

Role Overview

An opportunity has arisen in the Belfast Markets Legal Department for a legal counsel/legal negotiator role to support the negotiation of certain cross-product client agreements for Citi's Markets business in Citi's Institutional Clients Group - specifically this will be non -ISDA/GMRA based documentation: primarily the Markets Terms of Business, Research Agreements, Non-Disclosure Agreements ('NDAs') and Transition Management Agreements.

This role will involve working with Citi's external clients as well as the Sales, respective business lines, client onboarding and client facilitation teams and Citi Product Legal Counsel in negotiating, drafting, reviewing and analysing legal documentation , co-ordinating, implementing and execution of a variety of documentation including, but not limited to: Transition Management Agreements, NDAs, Research Agreements, Terms of Business, and related amendments and various ancillary documentation across a wide range of counterparty types located in various EMEA jurisdictions in compliance with Citi's policies and procedures. The successful candidate must also participate in the development, implementation and maintenance of appropriate templates and playbooks, 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 finance industry 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 driven by client's templates or dictated by the requirements of the relevant jurisdiction where the client is located.

Key Responsibilities

The position will involve a number of responsibilities including but not limited to:
  • Negotiating/reviewing legal agreements 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 risk/tax/compliance in connection with the negotiation of the relevant documentation in the relevant business area. Convey strong commercial awareness and understanding of the relevant business's priorities by ensuring prioritisation of file load is aligned with overall goals.
  • Working closely with lawyers in other regions in ensuring global consistency of the documentation whilst addressing regional differences.
  • Interpret key commercial concepts applicable to the relevant template agreements ((Transition Management Agreements, NDAs, Terms of Business, Research Agreements and other relevant documentation) and incorporate such into EMEA specific documentation, reflecting the necessary regulatory and/or jurisdictional changes where required (relevant governing law and jurisdiction clauses, data privacy, FCA handbook, etc.).
  • 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.
  • Ensure Citi's internal policies and regulatory guidance are followed, and where deviations are necessary, ensure appropriate Risk/Business/other 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.
  • 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 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.
Development Value
  • 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's ICG products and services and client base.
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.
  • Experience in using tech tools in Legal would be beneficial (drafting tools, workflow tools) and focus on efficiency and productivity improvements is essential.
  • Awareness of key regulations (MIFID II, GDPR).
  • Awareness of contractual interpretation and key commercial contractual principles, .
Skills
  • Excellent interpersonal communication skills.
  • Working knowledge of PC operating systems, particularly Microsoft Word and Excel.
  • Ability to communicate effectively (written & verbal) at all organisational levels with internal business partners and external clients.
  • 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 to the relevant stakeholders on the status of the matters and to regularly follow up on all outstanding issues.
  • Unwavering commitment to open, co-operative and collaborative working in the team.
  • Delivery orientated focus.
  • Good commercial understanding of financial services and ability to apply professional judgement.
Qualifications
  • The successful candidate must have a high quality academic record including a degree qualification in the discipline of law.
  • Qualified Solicitor would be beneficial.
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Competencies
  • Excellent command of English grammar.
  • Exceptional communication and negotiation/problem solving skills.
  • Proactive & show initiative.
  • Confidence.
  • Client focused.
  • Team-working & collaboration - ability to work both as part of a team and to proactively take responsibility for projects.
  • Effective planning & organization.
  • Attention to detail & accuracy & timeliness.
  • Creative & solutions driven. Enjoys thinking out of the box and being challenged.
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.
In addition, we offer a competitive maternity, paternity and adoption leave scheme. We pride ourselves on our ability to offer employees a number of lifestyle benefits including; on site restaurant and coffee shops, online shopping and concierge service and subsidised clubs and societies.

Our Select benefit package offers you the opportunity to customise your benefits according to your own lifestyle preferences and includes corporate discounts, memberships and a range of additional extras.

Our vast range of diversity networks and on site multi faith room demonstrates Citi's commitment to growing a diverse workforce.
-------------------------------------------------
Job Family Group:
Legal -------------------------------------------------
Job Family:
General Legal ------------------------------------------------------
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") 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 Accessibility at Citi .

View the " EEO is the Law " poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
View the Pay Transparency Posting

Similar jobs

Similar jobs

  • You need to sign in to save