Primary Location: United Kingdom,Northern Ireland,Belfast
Education: Bachelor's Degree
Job Function: Legal
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 19034676
A development opportunity has arisen in the Belfast Markets Legal Department for a prominent team leader managerial role supporting the Equities business within Citi's Institutional Client Group.
This role will involve working closely with Citi's external clients as well as the Equities Sales, EMEA and Global Equities Product Heads and Citi Product Legal Counsel in negotiating, reviewing and analysing legal documentation whilst responsible for overseeing and advising the team of negotiators in drafting, negotiating, co-ordinating, implementing and execution of a variety of Master Trading Documentation including, but not limited to, ISDA Master Agreements, Credit Support Annexes, Account Control Agreements, Master Confirmation Agreements, Side Letters, amendments and ancillary documentation across a wide range of counterparty types, and in compliance with Citi's policies and procedures. The successful candidate must also participate in the development and implementation of key processes and controls when 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 regulation 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 but must also be comfortable to use bespoke documentation structures.
Citi's Legal Department in Belfast is a team of approximately 115 staff, 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 advice 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.
The position will involve a number of responsibilities including but not limited to:
Formal leadership role with managerial responsibility for the Equities sub team as well as supporting the wider Markets team on BAU on a day to day basis in conjunction with mentoring and providing support to junior colleagues.
Act as the key escalation point for all matters flagged by the team.
Identify and close training or knowledge gaps observed within the team in order to improve the team's effectiveness.
Overseeing the day to day performance of the team, achieving individual and team productivity targets, time management, maintaining input/output ratios and ensuring document lodgement is completed promptly and in line with Markets Legal documentation procedures.
Ensure MAMs comments are updated with respect to all open matters with the team and running reports to maintain SLAs.
Provide dedicated support to senior legal to ensure all BAU activities are completed accurately and to the highest standard.
Attend scheduled meetings with key business and legal stakeholders to ensure effective and open communication at all times.
Running regular Excel progress reports and statistics for Senior Legal/business.
Convey strong commercial awareness and understanding of the desk's priorities by ensuring prioritisation of file load is aligned with the overall desk goals.
Work closely with Sales and Relationship Managers, Equities Product head and Business Unit Managers to exceed customer expectations and ensure documentation is in place ahead of regulatory or business deadlines, where required.
Ensure Citi's 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.
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 and ensure that all enhancements and changes to process and procedures are fully documented with full traceability of all project implementation for audit purposes and within the specified timeframe. Fully understand impact of EMIR, FATCA, MRNCCD, MIFID II and other applicable regulations, particularly on the Equities business area and ensure that agreements meet with such regulatory requirements.
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.
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 particularly the Equities business client base.
The successful candidate must have a high quality academic record including a degree qualification in the relevant discipline of law or business studies.
Extensive experience with negotiating ISDA Master Agreements and associated key trading infrastructure documentation including collateral documentation is essential.
Previous experience in a senior support/lead capacity would be highly advantageous.
Proven track record in delivering results in a challenging and changing environment.
Excellent interpersonal communication skills.
Working knowledge of PC operating systems, particularly Microsoft Word and Excel.
Ability to communicate effectively (written and verbal) at all organisational levels with internal business partners and external customers.
Ability to effectively project manage and organise own workload as well as managing the team in meeting key milestones
Strong attention to detail and high levels of accuracy.
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.
Good command of English grammar.
Exceptional communication and negotiation skills
Proactive and show initiative
Customer service orientation
Effective planning and organisation
Attention to detail and accuracy
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Valuing Diversity: Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.
Citi is an Equal Opportunities Employer
Internal Number: 6098864
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