This position supports the firm's global derivatives business by providing essential negotiation and contract administration support for the firm's ISDA contracts and other OTC derivatives and clearing documentation. The Negotiator is responsible for managing all stages of the contract process from the initial drafting, internal escalations, platinum counterparty outreach through to execution. In a complex and high-volume business negotiations need be conducted in a timely, thorough and efficient manner. This position is particularly focused on comprehensive complex negotiation coverage of ISDA contracts and other OTC derivatives and clearing documentation. This position is also expected to act as a leader within their coverage area, contributing to team initiatives, training and guidance.
The responsibilities of the position also include review of constitutional documentation and netting opinions, review and summarization of bespoke agreement provisions, offering reliable counsel and guidance to the firm's various internal stakeholders, consistent follow up with internal business stakeholders and external customers, maintaining detailed records of negotiations in legal technology systems, along with a committed effort to stay apprised of new and changing regulatory and legal issues and industry initiatives. The function requires extensive interaction with the firm's institutional clients and their internal/external counsel as well as coordination with the firm's trading/sales, legal, credit and tax areas. The role is also expected to have a well-developed understanding of the derivatives industry and documentation standards and be able to act as an subject matter expert (SME) for more junior negotiators.
Responsibilities:
Responsible for all stages of the contract process for the team from the initial draft through execution
Handles any internal/external escalations and escalate to senior manager when necessary
Advisor to internal partners including business, credit and operations teams to ensure that those partners are adequately advised on the terms of agreements being negotiated and the impact of external counterparty's requested terms.
Reliable partner to various internal operational and business teams in relation to the support of the firm's global platinum client relationships.
Continuously stay informed of regulatory changes, new regulations, internal policy changes and developments in the law
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications:
5-8 years of relevant industry experience, preferably in financialservices
Banking or financial industry experience, including laws related to bankingregulations
Knowledge of international laws, regulations and practices while staying abreast of regulatory and legal environment, internal policies and industry trends that impact the business
Experience with complex deals, demonstrated ability to analyze issues and develop legalsolutions
Effective communication and negotiation skills and ability to build and maintain trustedrelationships
Excellent interpersonal, organizational and relationship managementskills
Proven ability to apply sound judgement while managing assignments in a demanding, fast-pacedenvironment
Well-developed understanding of the ISDA Master Agreement and related supporting documentation
Bar license in good standing to practicelaw
Education:
Juris Doctorate or equivalent lawdegree
------------------------------------------------------
Job Family Group:
Legal------------------------------------------------------
Job Family:
Legal - Product------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
Tampa Florida United States------------------------------------------------------
Primary Location Full Time Salary Range:
$140,640.00 - $210,960.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
------------------------------------------------------
Anticipated Posting Close Date:
Nov 19, 2024------------------------------------------------------
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.
Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity reviewAccessibility at Citi.
View the "EEO is the Law" poster. View theEEO is the Law Supplement .
View theEEO Policy Statement .
View thePay Transparency Posting