Senior Lead Counsel - Commodities (Senior Vice President)

Citigroup

London, United Kingdom

This role requires a pragmatic, proactive Lawyer with thorough understanding of the Business, combined with a solid conceptual/practical grounding in the laws and regulations for the geographies in which we operate. This Lawyer provides input into strategic decisions, exercising sound legal judgement to develop proactive, risk-appropriate, and commercially practical business-oriented solutions.

What you’ll do

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.

What we’ll need from you

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.

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