Negotiation Officer

3 months ago


Belfast, United Kingdom Citi Full time

**Overview of Citi**

Citi is a world-leading global bank. We have approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. We provide 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. We enable 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.

Citi Belfast is one of the largest employers in Northern Ireland with a diverse and talented team of over 3000 people from over 40 different nationalities across our four Belfast offices.

We are the only global investment bank operating in Northern Ireland. Every day, our local experts interact with global teams in over 100 countries developing and supporting next-generation technology solutions for the enterprise and delivering critical services to the bank and its customers, to make sure we are a stronger and safer organization for our clients.

You will have a truly global reach, which will provide you with new experiences and development opportunities right here in Belfast’s iconic Titanic Quarter.

**Department Overview**

Citi’s Legal Department in Belfast is a team of approximately 170 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.

**Role Overview**

**An Opportunity has arisen for a Negotiation Officer (Assistant Vice President) in the Belfast Markets Legal Team.**

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.

**Key Responsibilities**

The position will involve a number of responsibilities including but not limited to:

- 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, Account Control Agreements, Electronic trading agreements and ancillary documentation and incorporate into EMEA specific documentation, accounting for the necessary regulatory and/or jurisdictional changes 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 Technology, 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 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.
- Provide support to the relevant team leader in ensuring that BAU activities carried out by the team are completed accurately and to the highest standard.
- Assist with knowledge sharing and preparation of know-how manuals. Provide support and/or training to team members as required.
- Comply with internal and external audits requests to include supplying client documentation and other relevant information as requested by auditors in accordance with specified timeframes.

**Knowledge/Experience**
- Experience of working in a legal/financial service organi


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