ISDA Negotiator

Location UK / UK

Job Type Permanent full-time, TemporaryContract

Salary Not disclosed

Updated 3 days ago

Reference 1374032

 Job Description

ISDA Negotiator

Job Purpose:

 

An opportunity has arisen in the Belfast Markets Legal Department for a prominent negotiator role supporting certain key businesses within Citi’s Institutional Client Group. This role will involve working closely with Citi’s external clients as well as Sales, EMEA and Global Product Heads and Citi Product Legal Counsel in negotiating, reviewing and analysing legal documentation for the key businesses in which we support. 

 

 

The role includes drafting, negotiating, co-ordinating, implementing and providing legal advice in relation to a variety of trading agreements, such as ISDA Master Agreements, Credit Support Annexes, Account Control Agreements, Termination Agreements, Cleared Swap Documentation, FX/PB Agreements including Give-up Agreements across a wide range of counterparty types, and in compliance with Citi’s policies and procedures.

 

The 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 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 on reviewing/negotiating a broad range of standard legal agreements but must also be comfortable to use bespoke documentation structures.
 

 

Job Background/context:

 

Citi’s Legal Department in Belfast is a team of approximately 100 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.

 

 

Key Responsibilities:


• Negotiating/reviewing legal agreements with internal/external customers to reach agreement on the contents of the Bank’s legal documentation, through telephonic or electronic negotiation and legal lock in sessions / client meetings (where required).
• Close liaison with internal businesses/London Legal in connection with the negotiation of legal agreements in the relevant business area. Convey strong commercial awareness and understanding of the desk’s priorities by ensuring prioritisation of file load is aligned with overall desk goals. 
• Interpret key commercial concepts from an array of trading agreements (including ISDA master Agreements, Credit Support Annexes, Termination Agreements, Cleared Swap Documentation, FX/PB Agreements including Give-up Agreements and incorporate into EMEA specific 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 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.
• Ensure key governance and control checks are implemented during documentation process; proactively identify and escalate issues within the relevant business.
• 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.  
• 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.  

 

 

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 particularly the ICG FX and Rates business client base.


• Comprehensive training on Citi’s businesses and policies will be provided to those transitioning to Citi with transferable skills gained in private practice or in a previous in-house role.

 

Knowledge/Experience:

 

• Experience of working in a legal/financial service organisation preferable.

• Experience of negotiating commercial contracts is advantageous but not essential.

• Proven track record in delivering results in a challenging and changing environment.

 

 

Skills:

 

• 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 meeting key milestones
• Strong attention to detail and high levels of accuracy.
• True self-starter
• 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. 

Qualifications:

The successful candidate must have a high quality academic record including a degree qualification in the discipline of law.

 Competencies

 

• Good command of English grammar.
• Exceptional communication and negotiation skills
• Proactive and show initiative
• Confidence
• Customer service orientation
• Team-working
• 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