Senior Lead Counsel - Rates and Markets Treasury Legal - Senior Vice President in City of Westminster

The successful candidate will be expected to cover a wide range of transactions and advice, primarily but not exclusively linked to the desks mentioned above. They will handle finance‑linked hedging and securitisation / warehouse hedging, bespoke financing structures (including Islamic financing, derivatives‑based financing, collateralisation structures, financial guarantees and risk participation transactions), technical elements of derivative documentation (close‑out provisions, optional and mandatory termination provisions and cash settlement calculations), non‑linear derivatives, particularly swaptions, and provide general advice on disputes and queries arising from OTC transactions and on cash trading including primary dealer activities. They will also train and support junior lawyers in the team and develop their knowledge across derivatives and cash products.

Responsibilities

• Negotiate wider transaction documents from a hedging perspective.
• Oversee negotiation by the Belfast team of certain points in the derivative documentation and discuss relevant aspects with risk and other functions.
• Provide technical expertise on derivative documentation, including close‑out and termination provisions and cash settlement calculations.
• Handle non‑linear derivatives, particularly swaptions.
• Apply knowledge of the 2006 Definitions, 2021 ISDA Definitions, 2003 and 2014 ISDA Credit Definitions.
• Offer general advice on disputes and queries arising from OTC transactions.
• Provide general advice on cash trading, including primary dealer activities.
• Train and support junior lawyers in the team on the above areas.
• Be a subject‑matter expert for the Rates cash and derivatives businesses, monitoring complex issues and escalating where necessary to drive solutions and efficiency.

Qualifications

• Significant post‑qualification experience, ideally with some in‑house experience.
• Strong, broad understanding of secured hedging structures (e.g. finance‑linked hedging and securitisation / warehouse hedging).
• Good understanding of financial products and how they work and interact (bonds, trade financing, loans, derivatives, SFTs).
• Derivatives experience within any product group, with knowledge of the 2006 and 2021 ISDA Definitions strongly preferred.
• Preferred but not mandatory experience of structuring and/or managing complex transactions.
• Ability to work independently and efficiently.
• Ability to work under pressure.
• Excellent organisational skills.
• Good diplomatic skills and ability to interact with personnel with different working cultures, levels and backgrounds.
• Good written and oral communication skills.
• Ability to present complex issues simply to senior management.
• Fluent in English (written and oral).
• Interest in technology.
• Intellectual curiosity to learn about new products and new legal structures.

Benefits

• Generous holiday allowance starting at 27 days plus bank holidays and increasing with tenure.
• A discretionary annual performance related bonus.
• Private medical insurance packages to suit your personal circumstance.
• Employee Assistance Program.
• Pension plan.
• Paid parental leave.
• Special discounts for employees, family and friends.
• Access to an array of learning and development resources.
• Hybrid working model (up to 2 days working at home per week).
• Competitive base salary (annually reviewed).

Location: Citi London – Join a business casual workplace where you can be your whole self every day.