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Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills and experience to Citi’s Legal team.

By joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team Overview

This role resides within the Rates and Markets Treasury Legal team. The team, working in tandem with global and country cluster legal colleagues, provides a wide range of services, support and advice to multiple global and country Markets business and related functional areas. The Markets business areas covered include the core product groups of Equities, Rates, Markets Treasury, FX, Global Spread Products and Commodities.

In addition, the Markets Legal Team provides advice and support to product, legal and functional colleagues and to Citi’s governance forums and entity management with respect to different global booking vehicles.

What you’ll do

• Acting as the primary legal contact in the UK, Europe, Middle East and Africa country clusters for all desks within the Rates businesses but primarily focusing on the Corporate Solutions Group, the Limited Recourse Trading Desk, providing primary legal support to queries on ISDA definitions from Rates and XVA businesses as well as Operations and other stakeholders as well as acting as primary legal advisor to the Rates XVA desk on questions in connection with flow and bespoke Rates transactions

• Finance-linked hedging and securitisation / warehouse hedging, including negotiating the wider transaction documents from a hedging perspective, overseeing the negotiation by the Belfast team of certain points in the derivative documentation and discussing relevant aspects with Risk and other functions

• Bespoke financing structures, including derivatives-based financing, collateralisation structures, financial guarantees and risk participation transactions

• Technical elements of derivative documentation, including close-out provisions, optional and mandatory termination provisions and cash settlement calculations.

• Non-linear derivatives, particularly swaptions

• Knowledge of the 2006 Definitions and 2021 ISDA Definitions and 2003 and 2014 ISDA Credit Definitions

• General advice on disputes and queries arising from OTC transactions

• Supporting the senior lawyers in the team to train more junior lawyers in the Rates and Markets Treasury Legal team on the above

What we’ll need from you

• A Qualified Lawyer with a broad range of legal skills, ranging from an understanding of finance-linked hedging to the ability to structure complex, bespoke trades, to being able to work on a wide range of financing products; Suitable post-qualification experience, ideally with some experience of working in-house

• Derivatives experience within any product group is essential, with knowledge of the 2006 and 2021 ISDA Definitions as well as 2003/2014 Credit Derivatives definitions strongly preferred

• A working knowledge of ISDA definitional booklets, particularly the Rates and Credit Definitions

• A strong, broad understanding of secured hedging structures (e.g. finance-linked hedging and securitisation / warehouse hedging); A good understanding of financial products and how they work and interact (e.g. bonds, trade financing, loans, derivatives, SFTs)

• Ability to work independently and efficiently; Ability to work under pressure

• Excellent organisation skills; Good written and oral communication skills; Ability to present complex issues simply to senior management

• Intellectual curiosity to learn about new products and new legal structures; Interest in technology

What we can offer you

This is a role that will offer you the opportunity to build and develop an in-depth knowledge within Legal and drive your career forward.

This in an excellent opportunity for a lawyer experienced in, and keen to expand their knowledge of, a wide variety of products across both derivatives and securities financing transactions. The successful candidate could either come from any of a general financing, SFT, or derivative background, but must be able and willing to cover all three areas. Eventually, they will be expected to demonstrate and be willing to develop their experience and understanding of complex financing structures (including derivatives, SFTs and note issuance), other complex structures such as Islamic financing, and derivatives products used by the Rates business across both the linear and non-linear derivatives spectrum as well as developing junior members of the team.

The successful candidate will be expected to be a subject matter expert for the Rates derivatives businesses, monitoring complex issues that arise and escalating where necessary to work with Legal seniors to drive solutions and efficiency.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

#LI-CM2

Job Family Group:

Legal

Job Family:

Legal - Product

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.

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Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.