Lead Counsel 1 - Negotiations (Hybrid)

The Lead Counsel I is an intermediate level position responsible for providing legal guidance and thought leadership to the business. The overall objective of this role is to provide legal support, advice, and guidance to the business.

This role requires a pragmatic, proactive attorney with thorough understanding of the Business, combined with a solid conceptual / practical grounding in the laws and regulations for the geographies in which we operate. Provides input into strategic decisions, exercising sound legal judgement to develop proactive, risk-appropriate, and commercially practical business-oriented solutions.

Responsibilities:

• Responsible for providing legal counsel to the Business, participating in strategic initiatives, providing subject matter expertise and interpretations of relevant laws, rules, regulations, and industry practices, and advising business management on legal matters impacting the business
• Partners with legal peers to objectively evaluate business proposals by analyzing documentation while applying institutional knowledge and risk appetite against industry standards, widely accepted business practices, laws, rules, and regulatory guidelines, escalating as appropriate
• Collaborates across internal lines of business, control/support functions and/or external counsel to achieve coordinated and efficient outcomes on matters of common interest; coordinate closely with the Legal team on a regional and global basis
• Participates in BUSINESS planning and development initiatives; contributes to business objectives by providing thought leadership using knowledge of industry, laws, and regulations
• Assists team in identifying, evaluating and contributing to the management of legal, regulatory, and reputational risk by collaborating with ICRM & Risk, following relevant legal developments, participating in internal projects, escalating as appropriate
• Manages day-to-day legal activities as a subject matter expert in area of responsibility and provide advisory services to business partners
• Monitors management of complex legal issues and transactions, escalating when necessary
• 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 financial services
• Banking or financial industry experience, including laws related to banking regulations
• 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 legal solutions
• Effective communication and negotiation skills and ability to build and maintain trusted relationships
• Excellent interpersonal, organizational and relationship management skills
• Proven ability to apply sound judgement while managing assignments in a demanding, fast-paced environment
• Bar license in good standing to practice law

Education:

• Juris Doctorate or equivalent law degree

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 negotiation coverage of ISDA contracts and other OTC derivatives and clearing documentation.

The responsibilities will 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. This role is responsible for coverage of ISDA contracts and other OTC derivatives and clearing documentation negotiations for the firm’s global platinum clients.

 Qualifications:

• 2-5 years of relevant industry experience, preferably in financial services

• Banking or financial industry experience, including laws related to banking regulations

• Knowledge of international laws, regulations and practices related to derivatives trading documentation

• Demonstrated ability to analyze issues and develop legal solutions

• Effective communication and negotiation skills and ability to build and maintain trusted relationships

• Excellent interpersonal, organizational and relationship management skills

• Proven ability to apply sound judgement while managing assignments in a demanding, fast-paced environment

• Bar license in good standing to practice law

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.

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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.

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Anticipated Posting Close Date:

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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 review Accessibility at Citi.

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