Loans Counsel - Vice President
Publication date:
01 December 2024Workload:
100%Contract type:
Unlimited employment- Place of work:London
Role Overview:
This lawyer will be primarily responsible for providing transactional legal advice in relation Citi’s European leveraged finance origination franchise. There will also be opportunity to support Citi’s Special Assets Group, the team which manages Citi’s distressed loan and other credit positions.
As part of the internal control architecture, this lawyer will also ensure compliance with Citi policies and procedures.
Job Background/context:
The role is based in the London office, and forms part of Global Investment Banking Lending team, with lawyers based in London and New York.
What you’ll do
The role will involve:
- Reviewing and negotiating documentation in loan transactions from inception to completion, including termsheets, grids, confidentiality agreements, legal opinions, commitment and mandate papers, credit agreements, intercreditor agreements and fronting arrangements
- Providing advice in relation to amendments and waivers of existing facilities and other ad hoc support during the life cycle of a facility
- Providing support to other origination and product teams within the bank where they need guidance in relation to leveraged finance documentation
- Gaining familiarity with Citi’s policies and procedures, template documentation and internal knowhow, and completing Citi’s loans credit agreement checklist and classification review checklists, where necessary
- Updating knowhow, assisting in the development of new knowhow and tracking important documentation trends/negotiation flash points for the business
- Identifying legal risks and opportunities presented by transactions and ensuring that Citi’s policy, legal and regulatory standards are maintained
- Liaising with other control groups within Citi, for example, Risk, Accounting Policy, Sanctions, Tax and Compliance
Development Value:
This role offers a unique opportunity for an ambitious junior lawyer with a financing background. The successful candidate will have exposure to a wide variety of top tier loan products provided by a market leading institution with an extensive international footprint. They will work closely with the business and gain a deep understanding of market dynamics and legal issues within syndicated lending. They will also gain exposure to debt restructuring. They will enjoy working in a dynamic, proactive legal team. They will benefit from extensive legal training and development.
Knowledge/Experience:
- Syndicated lending or private credit experience
- Awareness of range of common financing structures
- Specific leveraged finance experience beneficial
- Awareness of current topical issues affecting the loan market
- Understanding of the commercial dynamics of the syndicated loan market
Skills:
- Attention to detail and sound contractual interpretation
- Able to apply legal judgment in a commercial context
- Self-starter able to assess when to escalate appropriately
- Excellent technical skills and analytical ability
- Strong time management and prioritisation skills
- Ability to break-up and simplify complex issues and communicate concisely and clearly
- Ability to work in a professional but demanding environment
Additional Qualifications:
Solicitor qualified in England and Wales with a right to work in the United Kingdom.
Exceptional candidates with the necessary skills and type of experience will be considered for the position
Regrettably, sponsorship is not available for this role.
What we can offer you
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
By joining Citi, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure.
- A discretional annual performance related bonus.
- Private medical insurance packages to suit your personal circumstances.
- Employee Assistance Programme.
- Pension Plan.
- Paid Parental Leave.
- Special discounts for employees, family, and friends.
- Access to an array of learning and development resources.
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energised to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
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Job Family Group:
Legal------------------------------------------------------
Job Family:
Legal - Product------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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