Senior Lead Counsel - Rates and Markets Treasury

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Citigroup

Acting as the primary legal contact in the UK, Europe, Middle East and Africa country clusters for all desks within the Rates businesses but primarily focusing on the Corporate Solutions Group, the Limited Recourse Trading Desk, providing primary legal support to queries on ISDA definitions from Rates and XVA businesses as well as Operations and other stakeholders as well as acting as primary legal advisor to the Rates XVA desk on questions in connection with flow and bespoke Rates transactions
Finance-linked hedging and securitisation/warehouse 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
Bespoke financing structures, including derivatives-based financing, collateralisation structures, financial guarantees and risk participation transactions
Technical elements of derivative documentation, including close-out provisions, optional and mandatory termination provisions and cash settlement calculations.
Non-linear derivatives, particularly swaptions
Knowledge of the 2006 Definitions and 2021 ISDA Definitions and 2003 and 2014 ISDA Credit Definitions
General advice on disputes and queries arising from OTC transactions
Supporting the senior lawyers in the team to train more junior lawyers in the Rates and Markets Treasury Legal team on the above

A Qualified Lawyer with a broad range of legal skills, ranging from an understanding of finance-linked hedging to the ability to structure complex, bespoke trades, to being able to work on a wide range of financing products; Suitable post-qualification experience, ideally with some experience of working in-house
Derivatives experience within any product group is essential, with knowledge of the 2006 and 2021 ISDA Definitions as well as 2003/2014 Credit Derivatives definitions strongly preferred
A working knowledge of ISDA definitional booklets, particularly the Rates and Credit Definitions
A strong, broad understanding of secured hedging structures (e.g. finance-linked hedging and securitisation/warehouse hedging); A good understanding of financial products and how they work and interact (e.g. bonds, trade financing, loans, derivatives, SFTs)
Ability to work independently and efficiently; Ability to work under pressure
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

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