Job Description

Role Overview:

An opportunity has arisen in the Cross Enterprise Legal team for a role in the performance of legal processes related to the review and maintenance of netting and collateral legal opinions relied on by Citi in its compliance of Basel III requirements for capital adequacy supporting Markets and other ICG businesses.

The successful candidate will be responsible for the review and approval of legal opinions which are relied on by Citi in determining the legal Well-Founded Basis ("WFB") standard which relates to Citi's regulatory capital reporting in relation to derivatives and securities financing transactions. Responsibilities will also include:

• Acting as team lead in respect of a team of opinion reviewers, assisting with the distribution of files/matters and allocation of day-to-day responsibilities within the team;
• Working across legal teams to support and facilitate the commercial objectives in processing requests for opinion reviews and approval of the WFB standard in a timely manner;
• Working with local counsel to understand any nuances and complexities that could prevent a positive determination that WFB standard is met to be able to articulate risk to internal teams;
• Ensuring co-ordination with relevant stakeholders in the completion of any approval of the WFB standard in relation to a legal opinion.

Person Specification

Knowledge/Experience:

• Knowledge of capital requirements legislation as it applies to the legal requirements for derivatives and securities financing documentation
• Close familiarity with legal netting/collateral opinions and analyses
• Thorough understanding of the legal issues underpinning the WFB legal standards including bankruptcy, security interest/title transfer and netting/set-off issues
• Experience of managing a team, developing people and monitoring performance to aid meaningful appraisals

Skills:

• Strong drafting and research skills with ability to advise on a wide range of commercial contracts such as ISDA, GMRA, GMSLA, FIA contracts etc.
• Strong communication skills (both written and oral) with the ability to work with other in a collaborative fashion
• Ability to autonomously, taking initiative to be pro-active in finding solutions to drive commercial results
• Ability to lead, influence and develop a team ensuring there is appropriate escalation channels in relation to complex issues to avoid delays which can disrupt the commercial activities of the business

Qualifications:

• Solicitor qualified to practice law

Job Family Group:
Legal

Job Family:
General Legal

Time Type:
Full time

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