Citi Group Assistant General Counsel - Derivatives Lawyer Rates Senior Vice President 

United Kingdom, England, London 

400425080

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.

This is a role requiring a broad range of legal skills, ranging from an understanding of finance-linked hedging to the ability to structure complex, bespoke trades, both in an interest-bearing and Sharia-compliant context, to being able to work on financing products in both derivative and cash format. It will also require a working knowledge of ISDA definitional booklets, particularly the Rates and Credit Definitions, and the ability to work with both the desks and seniors within Legal on the strategic aspects of supporting the relevant businesses.

What you’ll do

• Provide legal support to Markets businesses in connection with Rates and Markets Treasury businesses

• Bespoke financing structures, including Islamic financing (primarily in repo format), derivatives-based financing (particularly in TRS format), note issuance, collateralisation structures, financial guarantees and risk participation transactions

• Repackaging transactions across a variety of underlying product-classes

• Working with counsel in emerging markets on issues such as capacity, enforceability etc.

• Finance-linked 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

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

• General advice on disputes and queries arising from OTC transactions; General advice on cash trading, especially in the local markets

• Training and supporting more junior lawyers in the team on the above

What we’ll need from you

• A Qualified Lawyer with suitable post-qualification experience, ideally with experience of working in-house

• A strong and broad understanding of financial products and how they work and interact (e.g., loans, bonds, trade financing, derivatives, SFTs)

• Derivatives experience within any product group is essential, with knowledge of the 2006 / 2021 ISDA Definitions and 2003 / 2014 ISDA Credit Definitions strongly preferred; A working knowledge of ISDA definitional booklets, particularly the Rates and Credit Definitions

• Experience of structuring and/or managing complex transactions is strongly preferred

• A basic understanding of secured hedging structures (e.g., finance-linked hedging and securitisation / warehouse hedging) is a plus

• 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

• Good diplomatic skills and ability to interact with personnel with different working cultures / levels / backgrounds

Time Type:

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