The position offers a commercially-minded finance lawyer the opportunity to become part of the legal team supporting the structured products issuance and distribution activity of the Multi Asset Group (MAG) within the Markets & Securities Services division of Citi’s Institutional Client Group.
The MAG structured products business is involved in the development and distribution of structured financial products (including notes, warrants and funds) for institutions, family offices, discretionary wealth managers, private banks and retail distributors. The products are linked to a variety of asset classes, including equities, fixed income and commodities.
The role involves providing transaction legal support for the MAG structured products business in EMEA, including the maintenance of structured debt issuance programmes, product issuance and distribution, and advising on legal and regulatory requirements.
The role involves maintaining an awareness of current and developing regulatory requirements applicable to Citi’s structured products activity, including the Prospectus Directive, PRIIPs, MiFID, EMIR, AIFMD and domestic laws and regulations, to the extent relevant to the supported business activity.
The successful candidate will be expected to be involved in the management of Citi’s legal risk and to consider the appropriateness of products both for investors and for Citi in its capacity as arranger of such transactions. Therefore, commercial awareness and good judgment are essential skills. As part of the internal control architecture of the firm, the Legal function plays an important role in the approval process for all new and/or innovative structures as well as protecting the Citi franchise through good judgment and compliance with firm-wide policies.