Lead Counsel, Wealth Capital Markets, VP - New York

Citi•New York, NY

23d

About The Position

The role will provide key legal support and execution on Wealth Capital Markets matters, participating in client trading activities and business projects/initiatives. There will be a need to provide input/analysis on interpretation of relevant laws, rules, regulations, and industry practices, draft documentation and advise on legal matters impacting the Capital Markets business. In particular, the role will be focused on preparing the trading documentation for multi-asset OTC derivatives, Exchange-Traded Derivatives and Digital Asset/Tokenised/Crypto products. A successful candidate will: Provide real-time legal support in Capital Markets (with a particular focus on derivatives and digital asset products) to front office business and Control partners, escalating where applicable. The candidate will have daily contact with Sales and Trading personnel and will develop a close relationship with them and wider stakeholders through timely and pragmatic legal advice, including on calls with the business. Negotiate and review trading documentation, including ISDA Master Agreements, Clearing Agreements, Termsheets and Confirmations. There will also be occasional need to draft bespoke side letters and other documentation. Have knowledge of key regulations impacting the Business and keep up to date with regulatory developments affecting the coverage area, implementing those changes as part of regulatory change initiatives. For example: Dodd-Frank, Volcker Rule and SEC regulations including Regulation S and Security Based Swaps. Be familiar with Digital Asset/Tokenised/Crypto products and market initiatives, and engage closely with policy and regulatory developments across the region. Obtain, review and interpret netting and collateral opinions specific to client trading jurisdictions. There will be opportunity to present new jurisdictions to approval committees and answer technical questions. Work with other stakeholders to develop policies, procedures and controls related to the product area. Collaborate across internal lines of business and control/support functions to achieve coordinated and efficient outcomes on matters of common interest; coordinate closely with the Legal team on a regional and global basis. Prioritize workload and execute on transactions/initiatives by proactive engagement and active management of legal issues, escalating novel situations with ‘first cut' proposed solutions and risks. Maintain momentum across multiple parallel matters, meeting tight and competing deadlines. Assist in evaluating Wealth Capital Markets proposals and queries by applying institutional knowledge and risk appetite against industry standards, widely accepted business practices, laws, rules, and regulatory guidelines, escalating as appropriate. Determine when external legal support is required and manage external counsel (including on delivery timeframe and cost).

Requirements

4-6+ 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
Juris Doctorate or equivalent law degree

Responsibilities

Provide real-time legal support in Capital Markets (with a particular focus on derivatives and digital asset products) to front office business and Control partners, escalating where applicable.
Negotiate and review trading documentation, including ISDA Master Agreements, Clearing Agreements, Termsheets and Confirmations.
Have knowledge of key regulations impacting the Business and keep up to date with regulatory developments affecting the coverage area, implementing those changes as part of regulatory change initiatives.
Be familiar with Digital Asset/Tokenised/Crypto products and market initiatives, and engage closely with policy and regulatory developments across the region.
Obtain, review and interpret netting and collateral opinions specific to client trading jurisdictions.
Work with other stakeholders to develop policies, procedures and controls related to the product area.
Collaborate across internal lines of business and control/support functions to achieve coordinated and efficient outcomes on matters of common interest; coordinate closely with the Legal team on a regional and global basis.
Prioritize workload and execute on transactions/initiatives by proactive engagement and active management of legal issues, escalating novel situations with ‘first cut' proposed solutions and risks.
Maintain momentum across multiple parallel matters, meeting tight and competing deadlines.
Assist in evaluating Wealth Capital Markets proposals and queries by applying institutional knowledge and risk appetite against industry standards, widely accepted business practices, laws, rules, and regulatory guidelines, escalating as appropriate.
Determine when external legal support is required and manage external counsel (including on delivery timeframe and cost).