Export & Agency Finance – Senior Vice President, Execution Control

Citi • New York, NY

1d

About The Position

In-house legal role within Citi’s Export Agency Finance team, leading financing transactions involving export credit agencies as a lawyer within the business team. Team/Role Overview Treasury and Trade Solutions (TTS) is a market leading, award-winning provider of cash management, cards and trade, solutions to financial institutions, public sector and corporate clients around the world. With a global network spanning 100+ countries, we are uniquely qualified to service clients with local and cross-border interests and provide integrated reporting and management. TTS is a highly innovative organization with a strong digital agenda; new products and services are continuously being developed to meet our clients rapidly evolving treasury requirements and unlock new opportunities for growth. We provide clients with dynamic information, tools, and APIs to effectively manage their portfolios, financial positions, working capital and supply chains. One of the key divisions of TTS is the Export & Agency (“EAF”) finance team. EAF arranges short, medium and long-term structured financings with the support of Official Agencies (including export credit agencies (“ECAs”), development finance institutions (“DFIs”) and multilateral development banks (“MDBs”)) to Citi’s Banking and Commercial Banking client base. EAF operates as a global platform with the ability to structure, arrange, underwrite, syndicate and lend under bespoke debt financings that defease risk through credit and political risk support from Official Agencies and/or access their funding, lending or interest support programs. EAF is implementing a growth plan with a view to significantly increasing the number of loans that it originates and books each year. In order to support in the ramp up of activities, EAF intends to expand its Execution Control team, a team of lawyers within the EAF team with responsibility for coordinating and progressing loan transactions from initial mandate through to successful execution. The role will be for a Senior Vice President level resource, based in New York, with the opportunity to work with clients and colleagues from around the world. The selected candidate will be required to: Draft mandate documents at the inception of transactions and negotiate alongside transactors. Oversee the process for appointing external legal counsel, including drafting RfPs, establishing the scope of work for transactions and coordinating the formal engagement of counsel. Work closely with internal Legal & external counsels to lead the negotiation of deal documentation, coordinate and lead meetings and calls and manage the transaction process from original mandate through to execution. Ensure adherence to Citi’s policies and procedures, driving a consistency of approach globally, and liaise with Risk and other stakeholders to obtain internal approvals when documentation deviates from Policy. Provide support in review of Official Agency guarantees and insurance policies in line with regulatory requirements. Supervise deal closing and booking procedures. Ongoing transaction support as required for waivers and amendments and general contractual interpretation and guidance.

Requirements

• The candidate should be a qualified lawyer licensed with a state bar in the US with at least four years’ experience working in private practice or in an in-house counsel position.
• Legal qualification with significant track record in structuring and execution of loans.
• Knowledge of procedures and practices of export credit agencies and ability to execute export finance transactions.
• Strong legal and commercial acumen and strong negotiation skills.
• Track record of managing ECA transactions and working in a high performing, geographically distributed team.
• Proactive mindset
• Vision, capability and energy to devise and implement strategic initiatives.
• Strong interpersonal skills, with the ability to partner with key stakeholders and senior management.
• Superior organizational skills and experience in working with a multi-cultural team environment.

Responsibilities

• Draft mandate documents at the inception of transactions and negotiate alongside transactors.
• Oversee the process for appointing external legal counsel, including drafting RfPs, establishing the scope of work for transactions and coordinating the formal engagement of counsel.
• Work closely with internal Legal & external counsels to lead the negotiation of deal documentation, coordinate and lead meetings and calls and manage the transaction process from original mandate through to execution.
• Ensure adherence to Citi’s policies and procedures, driving a consistency of approach globally, and liaise with Risk and other stakeholders to obtain internal approvals when documentation deviates from Policy.
• Provide support in review of Official Agency guarantees and insurance policies in line with regulatory requirements.
• Supervise deal closing and booking procedures.
• Ongoing transaction support as required for waivers and amendments and general contractual interpretation and guidance.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed