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Senior Lead Counsel – Commodities (Senior Vice President)

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Citi

14d ago

  • Job
    Full-time
    Expert Level
  • Legal
  • London

AI generated summary

  • You must be a qualified lawyer with extensive commodities experience, including regulatory knowledge, legal documentation expertise, strong communication skills, and excellent leadership abilities.
  • You will provide legal counsel, assess risks, collaborate across teams, manage negotiations, and monitor legal issues while advising on business initiatives and regulatory compliance.

Requirements

  • A qualified Lawyer with a suitable level of relevant industry experience
  • Expertise and transactional experience in a range of physical and financial commodities transactions and products, including the financing of physical commodities (oil, gas, electricity, precious and base metals, agricultural products, etc.) in storage and in transit, energy trading, commodity hedging and investment-driven transactions for all types of commodities and products, including renewables and carbon products
  • Familiarity with the requirements applicable to a commodities business within a bank is preferred, including an awareness of US bank regulatory considerations; experience in working with regulators/regulatory bodies is preferred
  • Knowledge of applicable laws and practices across jurisdictions, including those related to shipping; insurance; storage; environmental risk issues; the taking of legal security; UK, EU and international regulations applicable to commodities markets including over-the-counter (OTC) derivatives and exchange-traded futures
  • Knowledge of commodities legal documentation (including ISDA and physical annexes, Master Sales & Purchase Agreements, GT&Cs for oil, gas, LNG, and standard physical trading agreements: EFET, NBP, ZBT, GTMA, SCoTA, IETA and ERPA)
  • Excellent written, verbal, presentation, problem solving and analytical skills; Ability to handle multiple complex and confidential matters under time and pressure; Effective negotiation skills and ability to maintain effective relationships at executive levels
  • Excellent leadership, interpersonal and organisational skills

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
  • Objectively evaluates Business proposals by 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 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
  • Participates in planning and development initiatives; contribute to business objectives by providing thought leadership using knowledge of industry, laws, and regulations
  • Proactively identifies, evaluates, and contributes to the appropriate 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 negotiations 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 assesses legal risk when business decisions are made

FAQs

What is the job title for this position?

The job title is Senior Lead Counsel – Commodities (Senior Vice President).

What team will the Senior Lead Counsel be a part of?

The Senior Lead Counsel will be part of the Commodities Legal team within Citi’s Markets Legal Function.

Where are the Commodities Legal team members located?

The Commodities Legal team members are located in London, Houston, New York, and Singapore.

What are the primary responsibilities of the Senior Lead Counsel?

The primary responsibilities include providing legal counsel to the business, participating in strategic initiatives, evaluating business proposals, collaborating with internal teams, managing negotiations, and assessing legal risks related to commodities trading activities.

What type of experience is required for this position?

A qualified lawyer with relevant industry experience, including expertise in physical and financial commodities transactions and a familiarity with regulatory considerations applicable to a commodities business is required.

Is experience with specific commodities legal documentation necessary?

Yes, knowledge of commodities legal documentation, including ISDA, Master Sales & Purchase Agreements, and various trading agreements is necessary.

What skills are essential for the Senior Lead Counsel role?

Essential skills include excellent written and verbal communication, problem-solving abilities, negotiation skills, and strong interpersonal and organizational skills.

Does this position involve collaboration with other departments?

Yes, the position involves collaborating across internal lines of business and control/support functions to achieve coordinated and efficient outcomes.

Is the position full-time?

Yes, this position is full-time.

What does Citi offer in terms of career development for this role?

Citi offers opportunities to build and develop in-depth knowledge within Legal and advance your career.

Citi

Finance
Industry
10,001+
Employees
1998
Founded Year

Mission & Purpose

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. Citi's operation is to provide financial services that enable growth and economic progress. Core activities are safeguarding assets, lending money, making payments and accessing the capital markets.

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